3,893 Shares in Graco Inc. (NYSE:GGG) Bought by Everpar Advisors LLC

Everpar Advisors LLC bought a new position in shares of Graco Inc. (NYSE:GGG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,893 shares of the industrial products company’s stock, valued at approximately $338,000.

A number of other institutional investors have also added to or reduced their stakes in GGG. Tobam increased its holdings in Graco by 2,330.8% during the fourth quarter. Tobam now owns 316 shares of the industrial products company’s stock worth $27,000 after buying an additional 303 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Graco in the fourth quarter valued at $28,000. Fortitude Family Office LLC acquired a new position in shares of Graco in the fourth quarter valued at $29,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Graco by 3,063.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 601 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 582 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Graco by 370.7% in the third quarter. Larson Financial Group LLC now owns 626 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 493 shares during the last quarter. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on GGG. Royal Bank of Canada upped their price objective on shares of Graco from $91.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. William Blair reiterated a “market perform” rating on shares of Graco in a report on Friday, April 26th. StockNews.com downgraded shares of Graco from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Jefferies Financial Group upped their price objective on shares of Graco from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Robert W. Baird decreased their price objective on shares of Graco from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.25.

Graco Stock Down 0.6 %

Shares of Graco stock traded down $0.50 during trading on Wednesday, reaching $83.02. The company’s stock had a trading volume of 530,671 shares, compared to its average volume of 686,690. The business’s 50-day moving average price is $89.98 and its 200-day moving average price is $85.46. The firm has a market cap of $14.04 billion, a PE ratio of 28.80, a P/E/G ratio of 2.68 and a beta of 0.84. Graco Inc. has a 52 week low of $69.78 and a 52 week high of $94.77.

Graco (NYSE:GGG) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The business had revenue of $492.19 million during the quarter, compared to the consensus estimate of $536.19 million. Graco had a net margin of 23.15% and a return on equity of 23.01%. The company’s revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. Equities analysts predict that Graco Inc. will post 3.07 earnings per share for the current year.

Graco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 15th were given a dividend of $0.255 per share. The ex-dividend date was Friday, April 12th. This represents a $1.02 annualized dividend and a yield of 1.23%. Graco’s dividend payout ratio is 35.17%.

Insider Buying and Selling

In related news, insider Christian E. Rothe sold 15,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $90.04, for a total transaction of $1,350,600.00. Following the completion of the sale, the insider now owns 25,583 shares of the company’s stock, valued at $2,303,493.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jody H. Feragen sold 5,036 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $92.29, for a total transaction of $464,772.44. Following the completion of the sale, the director now owns 44,903 shares of the company’s stock, valued at $4,144,097.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christian E. Rothe sold 15,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $90.04, for a total transaction of $1,350,600.00. Following the sale, the insider now directly owns 25,583 shares of the company’s stock, valued at approximately $2,303,493.32. The disclosure for this sale can be found here. Insiders sold 45,483 shares of company stock valued at $4,123,245 over the last quarter. 2.63% of the stock is owned by company insiders.

Graco Company Profile

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.