Robeco Institutional Asset Management B.V. Cuts Stock Holdings in Graco Inc. (NYSE:GGG)

Robeco Institutional Asset Management B.V. lowered its position in shares of Graco Inc. (NYSE:GGG) by 41.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,599 shares of the industrial products company’s stock after selling 41,400 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Graco were worth $3,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fiera Capital Corp raised its holdings in Graco by 2.8% in the 4th quarter. Fiera Capital Corp now owns 11,446,750 shares of the industrial products company’s stock worth $595,231,000 after purchasing an additional 306,762 shares during the period. Swiss National Bank raised its stake in shares of Graco by 1.9% in the fourth quarter. Swiss National Bank now owns 319,300 shares of the industrial products company’s stock worth $16,604,000 after buying an additional 5,900 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of Graco by 10.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 526,118 shares of the industrial products company’s stock worth $27,358,000 after buying an additional 51,348 shares during the period. American International Group Inc. raised its stake in shares of Graco by 0.6% in the fourth quarter. American International Group Inc. now owns 323,125 shares of the industrial products company’s stock worth $16,803,000 after buying an additional 1,807 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Graco by 1.7% during the 4th quarter. Rhumbline Advisers now owns 473,978 shares of the industrial products company’s stock valued at $24,647,000 after buying an additional 7,715 shares in the last quarter. 85.03% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on GGG. Robert W. Baird boosted their price objective on Graco from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Oppenheimer started coverage on shares of Graco in a report on Tuesday, January 28th. They set a “hold” rating on the stock. DA Davidson upped their price target on shares of Graco from $43.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Royal Bank of Canada increased their price objective on shares of Graco from $50.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Finally, Zacks Investment Research upgraded shares of Graco from a “sell” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $54.00.

In related news, insider Bernard J. Moreau sold 102,949 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $52.55, for a total value of $5,409,969.95. Following the sale, the insider now directly owns 56,885 shares in the company, valued at $2,989,306.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Caroline M. Chambers sold 20,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $48.23, for a total value of $964,600.00. Following the transaction, the executive vice president now directly owns 42,512 shares of the company’s stock, valued at $2,050,353.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 431,186 shares of company stock worth $23,162,088. Company insiders own 4.23% of the company’s stock.

NYSE:GGG traded down $0.45 on Thursday, reaching $56.41. 12,880 shares of the company’s stock traded hands, compared to its average volume of 965,379. The company has a quick ratio of 1.82, a current ratio of 2.77 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $53.77 and a 200-day simple moving average of $48.74. The firm has a market cap of $9.40 billion, a PE ratio of 28.20, a P/E/G ratio of 2.47 and a beta of 0.92. Graco Inc. has a 12 month low of $43.52 and a 12 month high of $56.99.

Graco (NYSE:GGG) last released its quarterly earnings data on Monday, January 27th. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.09. Graco had a return on equity of 34.45% and a net margin of 20.89%. The firm had revenue of $412.30 million during the quarter, compared to analyst estimates of $392.61 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that Graco Inc. will post 1.98 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Monday, April 20th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, April 17th. Graco’s payout ratio is currently 36.84%.

Graco Profile

Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.

Further Reading: Using other technical indicators with support levels

Institutional Ownership by Quarter for Graco (NYSE:GGG)

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