Schroder Investment Management Group Grows Stake in Graco Inc. (GGG)

Schroder Investment Management Group lifted its position in shares of Graco Inc. (NYSE:GGG) by 787.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,870 shares of the industrial products company’s stock after buying an additional 105,470 shares during the quarter. Schroder Investment Management Group owned approximately 0.21% of Graco worth $14,673,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Graco by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,991,585 shares of the industrial products company’s stock worth $545,481,000 after purchasing an additional 104,725 shares in the last quarter. BlackRock Inc. increased its position in Graco by 1.0% during the 2nd quarter. BlackRock Inc. now owns 4,414,343 shares of the industrial products company’s stock worth $482,397,000 after purchasing an additional 43,669 shares in the last quarter. Fiera Capital Corp increased its position in Graco by 7.3% during the 2nd quarter. Fiera Capital Corp now owns 3,021,561 shares of the industrial products company’s stock worth $330,196,000 after purchasing an additional 206,130 shares in the last quarter. Ameriprise Financial Inc. increased its position in Graco by 5.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 626,628 shares of the industrial products company’s stock worth $77,514,000 after purchasing an additional 30,413 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in Graco during the 2nd quarter worth about $582,000. 86.27% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on GGG shares. Zacks Investment Research cut Graco from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. ValuEngine cut Graco from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks reiterated a “hold” rating and set a $128.00 price objective on shares of Graco in a research report on Friday, October 27th. FBR & Co set a $140.00 price objective on Graco and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, KeyCorp reiterated a “hold” rating on shares of Graco in a research report on Friday, October 20th. Twelve equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $116.75.

In other Graco news, VP Mark W. Sheahan sold 30,000 shares of Graco stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $131.31, for a total value of $3,939,300.00. Following the completion of the sale, the vice president now owns 49,538 shares in the company, valued at approximately $6,504,834.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Stolyarov sold 500,000 shares of Graco stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $0.11, for a total value of $55,000.00. Insiders sold a total of 734,018 shares of company stock valued at $19,672,731 in the last 90 days. 5.70% of the stock is owned by company insiders.

Graco Inc. (NYSE GGG) traded up $1.08 on Thursday, reaching $128.62. The company’s stock had a trading volume of 239,800 shares, compared to its average volume of 276,598. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.31. The stock has a market cap of $7,220.00, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.79 and a beta of 1.23. Graco Inc. has a 52 week low of $82.39 and a 52 week high of $134.11.

Graco (NYSE:GGG) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.06 by $0.09. The company had revenue of $379.81 million during the quarter, compared to analysts’ expectations of $356.30 million. Graco had a return on equity of 42.05% and a net margin of 7.72%. The firm’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. equities research analysts predict that Graco Inc. will post 4.36 EPS for the current year.

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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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