Disciplined Growth Investors Inc. MN lessened its holdings in shares of Graco Inc. (NYSE:GGG) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,354,595 shares of the industrial products company’s stock after selling 15,642 shares during the period. Disciplined Growth Investors Inc. MN owned 0.81% of Graco worth $61,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Graco by 727.8% during the second quarter. Signaturefd LLC now owns 2,235 shares of the industrial products company’s stock valued at $101,000 after buying an additional 1,965 shares during the last quarter. Fort L.P. bought a new stake in shares of Graco during the second quarter valued at approximately $119,000. Itau Unibanco Holding S.A. bought a new stake in shares of Graco during the second quarter valued at approximately $162,000. Meeder Asset Management Inc. raised its holdings in shares of Graco by 51.9% during the second quarter. Meeder Asset Management Inc. now owns 4,086 shares of the industrial products company’s stock valued at $185,000 after buying an additional 1,396 shares during the last quarter. Finally, Cetera Advisor Networks LLC bought a new stake in shares of Graco during the first quarter valued at approximately $200,000. 85.69% of the stock is currently owned by institutional investors.

NYSE GGG opened at $48.15 on Friday. Graco Inc. has a 12 month low of $39.21 and a 12 month high of $49.69. The company has a current ratio of 2.65, a quick ratio of 1.64 and a debt-to-equity ratio of 0.42. The company has a market cap of $7.93 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.97 and a beta of 1.10.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.02). Graco had a net margin of 18.07% and a return on equity of 40.67%. The company had revenue of $424.60 million for the quarter, compared to analyst estimates of $421.19 million. During the same quarter in the prior year, the business earned $1.38 EPS. Graco’s revenue was up 11.9% compared to the same quarter last year. sell-side analysts predict that Graco Inc. will post 1.84 EPS for the current fiscal year.

GGG has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $49.00 price target on shares of Graco in a report on Friday, July 27th. Oppenheimer reaffirmed a “hold” rating on shares of Graco in a report on Wednesday, August 22nd. DA Davidson set a $49.00 price target on Graco and gave the company a “hold” rating in a report on Monday, August 20th. Finally, Zacks Investment Research raised Graco from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Friday, July 6th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $49.17.

In related news, insider Caroline M. Chambers sold 97,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $47.10, for a total transaction of $4,592,250.00. Following the transaction, the insider now owns 119,092 shares in the company, valued at $5,609,233.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack W. Eugster sold 32,297 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $46.66, for a total transaction of $1,506,978.02. Following the transaction, the director now owns 103,251 shares in the company, valued at approximately $4,817,691.66. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.

About Graco

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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