Graco Inc. (GGG) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Graco Inc. (NYSE:GGG) by 1,076.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,459 shares of the industrial products company’s stock after purchasing an additional 30,614 shares during the period. SG Americas Securities LLC’s holdings in Graco were worth $1,513,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its holdings in 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 buying an additional 413 shares in the last quarter. Comerica Bank increased its holdings in 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 buying an additional 440 shares in the last quarter. Cardinal Capital Management increased its holdings in 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 buying an additional 488 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in 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 buying an additional 600 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in Graco by 23.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,603 shares of the industrial products company’s stock worth $446,000 after buying an additional 687 shares in the last quarter. Institutional investors own 32.29% of the company’s stock.

In other news, VP Karen Park Gallivan sold 27,000 shares of Graco stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $46.67, for a total transaction of $1,260,090.00. Following the transaction, the vice president now directly owns 72,305 shares of the company’s stock, valued at approximately $3,374,474.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Caroline M. Chambers sold 10,000 shares of Graco stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $131.56, for a total value of $1,315,600.00. Following the transaction, the vice president now directly owns 15,191 shares in the company, valued at $1,998,527.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,652 shares of company stock worth $8,312,792. Insiders own 5.70% of the company’s stock.

Shares of Graco Inc. (GGG) opened at $41.68 on Friday. The stock has a market capitalization of $6,971.35, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.21 and a beta of 1.15. Graco Inc. has a 52 week low of $29.70 and a 52 week high of $49.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.67 and a current ratio of 2.70.

Graco (NYSE:GGG) last released its quarterly earnings results on Monday, January 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The firm had revenue of $374.90 million for the quarter, compared to the consensus estimate of $369.53 million. Graco had a net margin of 17.12% and a return on equity of 40.08%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 earnings per share. equities research analysts anticipate that Graco Inc. will post 1.78 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Monday, January 22nd were given a dividend of $0.3975 per share. This is a boost from Graco’s previous quarterly dividend of $0.36. This represents a $1.59 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, January 19th. Graco’s payout ratio is presently 36.47%.

Several research firms recently commented on GGG. Deutsche Bank upgraded Graco from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, January 23rd. Oppenheimer reiterated a “hold” rating on shares of Graco in a report on Thursday, December 28th. Royal Bank of Canada restated a “hold” rating and set a $49.00 price target on shares of Graco in a research note on Thursday, January 4th. B. Riley restated a “neutral” rating on shares of Graco in a research note on Wednesday, November 1st. Finally, Robert W. Baird restated a “hold” rating and set a $45.00 price target on shares of Graco in a research note on Friday, October 27th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $47.33.

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About Graco

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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