Graco Inc. (NYSE:GGG) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of Graco Inc. (NYSE:GGGGet Rating) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 669,483 shares of the industrial products company’s stock after purchasing an additional 9,842 shares during the period. Russell Investments Group Ltd.’s holdings in Graco were worth $40,203,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Trust Co. of Vermont acquired a new stake in shares of Graco during the 3rd quarter worth about $29,000. Tobam acquired a new stake in shares of Graco during the 2nd quarter worth about $32,000. Castle Wealth Management LLC acquired a new stake in shares of Graco during the 2nd quarter worth about $32,000. Eagle Bay Advisors LLC acquired a new stake in shares of Graco during the 2nd quarter worth about $35,000. Finally, Fifth Third Bancorp boosted its stake in shares of Graco by 76.8% during the 3rd quarter. Fifth Third Bancorp now owns 631 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 274 shares during the last quarter. 85.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on GGG. StockNews.com raised shares of Graco from a “hold” rating to a “buy” rating in a research note on Wednesday, January 18th. Royal Bank of Canada raised their target price on shares of Graco from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, November 14th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Graco has a consensus rating of “Hold” and a consensus target price of $69.50.

Insider Activity at Graco

In related news, VP Angela F. Wordell sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $70.37, for a total value of $189,999.00. Following the transaction, the vice president now owns 12,372 shares in the company, valued at $870,617.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Caroline M. Chambers sold 19,041 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $69.95, for a total value of $1,331,917.95. Following the transaction, the insider now owns 48,599 shares in the company, valued at $3,399,500.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Angela F. Wordell sold 2,700 shares of Graco stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $70.37, for a total transaction of $189,999.00. Following the sale, the vice president now owns 12,372 shares in the company, valued at approximately $870,617.64. The disclosure for this sale can be found here. 3.52% of the stock is currently owned by insiders.

Graco Price Performance

GGG opened at $67.21 on Wednesday. The company’s 50 day simple moving average is $68.40 and its 200 day simple moving average is $66.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.91 and a current ratio of 2.99. Graco Inc. has a 1 year low of $56.48 and a 1 year high of $75.45. The stock has a market capitalization of $11.33 billion, a PE ratio of 25.65, a P/E/G ratio of 3.03 and a beta of 0.80.

Graco (NYSE:GGGGet Rating) last released its earnings results on Wednesday, October 26th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. Graco had a net margin of 21.37% and a return on equity of 25.74%. The business had revenue of $545.64 million for the quarter, compared to analysts’ expectations of $523.45 million. As a group, sell-side analysts expect that Graco Inc. will post 2.6 EPS for the current year.

Graco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Investors of record on Wednesday, January 18th will be issued a $0.235 dividend. This is a positive change from Graco’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, January 17th. This represents a $0.94 annualized dividend and a yield of 1.40%. Graco’s dividend payout ratio (DPR) is presently 35.88%.

Graco Profile

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Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; 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, and precision dispensing solutions.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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