Graco Inc. (NYSE:GGG) Stock Holdings Increased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Graco Inc. (NYSE:GGG) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,166,270 shares of the industrial products company’s stock after buying an additional 65,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.69% of Graco worth $98,305,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its stake in shares of Graco by 37.2% during the 3rd quarter. Franklin Resources Inc. now owns 119,708 shares of the industrial products company’s stock worth $10,413,000 after acquiring an additional 32,475 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Graco by 2.8% during the fourth quarter. Nordea Investment Management AB now owns 15,245 shares of the industrial products company’s stock valued at $1,290,000 after purchasing an additional 414 shares during the last quarter. Elevated Capital Advisors LLC boosted its position in shares of Graco by 49.9% in the 4th quarter. Elevated Capital Advisors LLC now owns 3,546 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 1,181 shares during the period. PFW Advisors LLC acquired a new position in shares of Graco in the 4th quarter valued at $247,000. Finally, Assenagon Asset Management S.A. increased its stake in Graco by 4.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 199,229 shares of the industrial products company’s stock worth $16,793,000 after purchasing an additional 8,352 shares in the last quarter. 93.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson set a $85.00 price objective on shares of Graco in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Graco presently has an average rating of “Hold” and an average price target of $93.00.

Graco Stock Up 3.8%

Shares of NYSE:GGG opened at $86.43 on Tuesday. The company has a market cap of $14.45 billion, a P/E ratio of 30.65, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The company’s fifty day moving average is $81.60 and its two-hundred day moving average is $84.49. Graco Inc. has a 12-month low of $72.06 and a 12-month high of $92.86.

Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. Graco had a net margin of 23.00% and a return on equity of 19.38%. The firm had revenue of $528.28 million for the quarter, compared to analyst estimates of $526.98 million. During the same quarter in the prior year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that Graco Inc. will post 3.06 earnings per share for the current year.

Graco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Monday, April 14th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.27%. Graco’s dividend payout ratio is 38.87%.

About Graco

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.