Two Sigma Investments LP grew its holdings in Graco Inc. (NYSE:GGG) by 216.2% in the fourth quarter, HoldingsChannel reports. The firm owned 159,422 shares of the industrial products company’s stock after buying an additional 109,007 shares during the quarter. Two Sigma Investments LP’s holdings in Graco were worth $7,209,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Graco by 6.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 7,211 shares of the industrial products company’s stock worth $892,000 after purchasing an additional 413 shares in the last quarter. Comerica Bank increased its holdings in shares of Graco by 1.0% in the 3rd quarter. Comerica Bank now owns 44,201 shares of the industrial products company’s stock worth $5,779,000 after purchasing an additional 440 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Graco by 5.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 12,250 shares of the industrial products company’s stock worth $1,515,000 after purchasing an additional 600 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Graco by 23.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,603 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 687 shares in the last quarter. Finally, American International Group Inc. increased its holdings in shares of Graco by 0.7% in the 3rd quarter. American International Group Inc. now owns 114,557 shares of the industrial products company’s stock worth $14,170,000 after purchasing an additional 831 shares in the last quarter. 86.19% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

A number of equities analysts have recently issued reports on the company. ValuEngine downgraded Graco from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded Graco from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Saturday, February 3rd. SunTrust Banks restated a “hold” rating and issued a $45.00 price target on shares of Graco in a research note on Wednesday, January 31st. B. Riley raised their price target on Graco from $47.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Finally, Deutsche Bank upgraded Graco from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $47.33.

Graco stock opened at $46.71 on Thursday. The stock has a market capitalization of $7,955.32, a price-to-earnings ratio of 32.14, a PEG ratio of 2.51 and a beta of 1.17. Graco Inc. has a 52 week low of $30.59 and a 52 week high of $49.69. The company has a quick ratio of 1.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.31.

Graco (NYSE:GGG) last released its earnings results on Monday, January 29th. The industrial products company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The company had revenue of $374.90 million for the quarter, compared to analysts’ expectations of $369.53 million. Graco had a net margin of 17.12% and a return on equity of 40.08%. Graco’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 earnings per share. research analysts predict that Graco Inc. will post 1.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 2nd. Investors of record on Monday, April 16th will be given a dividend of $0.1325 per share. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.53 annualized dividend and a yield of 1.13%. Graco’s dividend payout ratio (DPR) is presently 36.47%.

In related news, Director William J. Carroll sold 26,625 shares of Graco stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $46.67, for a total transaction of $1,242,588.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Karen Park Gallivan sold 27,000 shares of Graco stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $48.34, for a total value of $1,305,180.00. Following the transaction, the vice president now owns 72,305 shares in the company, valued at $3,495,223.70. The disclosure for this sale can be found here. Insiders have sold 90,564 shares of company stock worth $4,225,595 over the last quarter. 5.70% of the stock is owned by company insiders.

WARNING: This story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://www.watchlistnews.com/graco-inc-ggg-shares-bought-by-two-sigma-investments-lp/1956969.html.

About Graco

Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.

Want to see what other hedge funds are holding GGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graco Inc. (NYSE:GGG).

Institutional Ownership by Quarter for Graco (NYSE:GGG)

Receive News & Ratings for Graco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graco and related companies with MarketBeat.com's FREE daily email newsletter.