Graco Inc. (NYSE:GGG) Shares Sold by FORA Capital LLC

FORA Capital LLC lessened its position in shares of Graco Inc. (NYSE:GGG) by 28.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,607 shares of the industrial products company’s stock after selling 1,039 shares during the quarter. FORA Capital LLC’s holdings in Graco were worth $220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of Graco in the fourth quarter valued at about $25,000. TD Private Client Wealth LLC raised its position in shares of Graco by 118.0% during the 4th quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 190 shares during the last quarter. National Pension Service purchased a new stake in Graco in the 4th quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new stake in Graco during the 4th quarter valued at $37,000. Finally, Brooklyn Investment Group increased its position in Graco by 39.1% during the fourth quarter. Brooklyn Investment Group now owns 484 shares of the industrial products company’s stock worth $41,000 after buying an additional 136 shares in the last quarter. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $85.00 price objective on Graco in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $93.00.

Graco Trading Down 0.6 %

NYSE GGG opened at $83.28 on Friday. The company has a market capitalization of $13.92 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The business’s 50-day moving average price is $81.58 and its 200 day moving average price is $84.44. Graco Inc. has a twelve month low of $72.06 and a twelve month high of $92.86.

Graco (NYSE:GGG) last released its earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $528.28 million during the quarter, compared to the consensus estimate of $526.98 million. Graco had a net margin of 23.00% and a return on equity of 19.38%. Graco’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. Equities analysts predict that Graco Inc. will post 3.06 EPS for the current year.

Graco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Monday, April 14th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, April 14th. Graco’s dividend payout ratio (DPR) is currently 38.87%.

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.