Winslow Evans & Crocker Inc. bought a new position in Graco Inc. (NYSE:GGG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,400 shares of the industrial products company’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its position 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 acquiring an additional 413 shares in the last quarter. Comerica Bank grew its position 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 acquiring an additional 440 shares in the last quarter. Cardinal Capital Management grew its position in shares of Graco by 6.8% in the 3rd quarter. Cardinal Capital Management now owns 7,621 shares of the industrial products company’s stock worth $942,000 after acquiring an additional 488 shares in the last quarter. Flinton Capital Management LLC grew its position in shares of Graco by 8.9% in the 2nd quarter. Flinton Capital Management LLC now owns 7,072 shares of the industrial products company’s stock worth $773,000 after acquiring an additional 578 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position 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 acquiring an additional 600 shares in the last quarter. Institutional investors own 29.68% of the company’s stock.

Shares of Graco Inc. (NYSE:GGG) opened at $47.92 on Friday. The stock has a market capitalization of $7,924.43, a P/E ratio of 30.83, a P/E/G ratio of 2.85 and a beta of 1.23. Graco Inc. has a 1-year low of $28.60 and a 1-year high of $47.98. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.23 and a quick ratio of 1.46.

Graco (NYSE:GGG) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. The business had revenue of $379.81 million for the quarter, compared to the consensus estimate of $356.30 million. Graco had a return on equity of 42.05% and a net margin of 7.72%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. analysts forecast that Graco Inc. will post 1.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Monday, January 22nd will be issued a $0.3975 dividend. This is an increase from Graco’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.59 annualized dividend and a dividend yield of 3.32%. Graco’s dividend payout ratio (DPR) is 75.79%.

Several research analysts have recently commented on GGG shares. Royal Bank of Canada reiterated a “hold” rating and issued a $49.00 target price on shares of Graco in a research report on Thursday, January 4th. Oppenheimer reiterated a “hold” rating on shares of Graco in a research report on Thursday, December 28th. FBR & Co set a $46.67 target price on Graco and gave the stock a “hold” rating in a research report on Thursday, October 26th. SunTrust Banks reiterated a “hold” rating and issued a $42.67 target price on shares of Graco in a research report on Friday, October 27th. Finally, Zacks Investment Research lowered Graco from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Thirteen analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $41.67.

In other Graco news, VP Caroline M. Chambers sold 10,000 shares of Graco stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $131.56, for a total transaction of $1,315,600.00. Following the sale, the vice president now owns 15,191 shares of the company’s stock, valued at approximately $1,998,527.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Charles L. Rescorla sold 47,000 shares of Graco stock in a transaction on Friday, November 10th. The shares were sold at an average price of $129.93, for a total value of $6,106,710.00. Following the sale, the vice president now directly owns 108,802 shares in the company, valued at approximately $14,136,643.86. The disclosure for this sale can be found here. In the last three months, insiders sold 684,752 shares of company stock worth $18,240,190. Company insiders own 5.70% of the company’s stock.

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Graco Company Profile

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.

Institutional Ownership by Quarter for Graco (NYSE:GGG)

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