Graco Inc. (GGG) Holdings Boosted by AHL Partners LLP

AHL Partners LLP grew its position in shares of Graco Inc. (NYSE:GGG) by 12.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,648 shares of the industrial products company’s stock after buying an additional 2,558 shares during the quarter. AHL Partners LLP’s holdings in Graco were worth $2,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. BB&T Corp lifted its position in shares of Graco by 0.4% during the 2nd quarter. BB&T Corp now owns 2,567 shares of the industrial products company’s stock worth $280,000 after buying an additional 11 shares in the last quarter. Somerset Trust Co lifted its position in shares of Graco by 0.4% during the 2nd quarter. Somerset Trust Co now owns 5,093 shares of the industrial products company’s stock worth $557,000 after buying an additional 21 shares in the last quarter. BB&T Securities LLC lifted its position in shares of Graco by 0.5% during the 2nd quarter. BB&T Securities LLC now owns 6,930 shares of the industrial products company’s stock worth $757,000 after buying an additional 36 shares in the last quarter. Commerce Bank lifted its position in shares of Graco by 1.5% during the 2nd quarter. Commerce Bank now owns 4,038 shares of the industrial products company’s stock worth $441,000 after buying an additional 60 shares in the last quarter. Finally, WCM Investment Management CA lifted its position in shares of Graco by 2.1% during the 2nd quarter. WCM Investment Management CA now owns 3,695 shares of the industrial products company’s stock worth $404,000 after buying an additional 75 shares in the last quarter. 86.82% of the stock is currently owned by hedge funds and other institutional investors.

In other Graco news, Director Eric Etchart sold 759 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $124.90, for a total value of $94,799.10. Following the transaction, the director now directly owns 11,983 shares in the company, valued at $1,496,676.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David M. Lowe sold 30,000 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $115.50, for a total transaction of $3,465,000.00. Following the completion of the transaction, the insider now owns 164,809 shares in the company, valued at $19,035,439.50. The disclosure for this sale can be found here. Insiders sold 66,258 shares of company stock worth $7,758,089 over the last quarter. Insiders own 5.70% of the company’s stock.

Several research firms have commented on GGG. Robert W. Baird reissued a “hold” rating and set a $129.00 target price on shares of Graco in a research report on Wednesday, October 4th. Royal Bank Of Canada reissued a “hold” rating on shares of Graco in a research report on Friday, July 28th. Wolfe Research reissued a “market perform” rating on shares of Graco in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Graco from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Monday, July 31st. Finally, BidaskClub raised shares of Graco from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $110.00.

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Shares of Graco Inc. (NYSE:GGG) opened at 124.31 on Thursday. Graco Inc. has a 12-month low of $69.33 and a 12-month high of $125.60. The company has a 50 day moving average of $119.43 and a 200-day moving average of $110.51. The company has a market cap of $6.96 billion, a PE ratio of 78.88 and a beta of 1.25.

Graco (NYSE:GGG) last issued its earnings results on Wednesday, July 26th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.32. Graco had a net margin of 6.50% and a return on equity of 40.21%. The company had revenue of $379.50 million for the quarter, compared to analysts’ expectations of $369.36 million. During the same quarter last year, the company posted $0.89 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts anticipate that Graco Inc. will post $4.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, October 16th will be given a $0.36 dividend. The ex-dividend date is Friday, October 13th. This represents a $1.44 annualized dividend and a yield of 1.16%. Graco’s payout ratio is presently 92.90%.

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.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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