WealthPlan Investment Management LLC lessened its position in shares of Graco Inc. (NYSE:GGG – Free Report) by 43.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,928 shares of the industrial products company’s stock after selling 52,931 shares during the period. WealthPlan Investment Management LLC’s holdings in Graco were worth $5,650,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC bought a new position in Graco during the third quarter worth $29,000. Assetmark Inc. raised its stake in Graco by 42.6% during the third quarter. Assetmark Inc. now owns 465 shares of the industrial products company’s stock worth $40,000 after buying an additional 139 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Graco by 982.6% during the first quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company’s stock worth $42,000 after buying an additional 452 shares during the last quarter. Field & Main Bank bought a new position in Graco during the fourth quarter worth $41,000. Finally, TD Private Client Wealth LLC grew its holdings in Graco by 116.9% in the third quarter. TD Private Client Wealth LLC now owns 514 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 277 shares during the period. Institutional investors own 93.88% of the company’s stock.
Graco Trading Down 1.1%
NYSE:GGG opened at $75.70 on Friday. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.43 and a beta of 0.96. The firm has a fifty day simple moving average of $84.03 and a two-hundred day simple moving average of $85.13. Graco Inc. has a 12 month low of $75.58 and a 12 month high of $95.69.
Key Headlines Impacting Graco
Here are the key news stories impacting Graco this week:
- Positive Sentiment: Zacks Research slightly raised Graco’s Q1 2027 EPS estimate to $0.74 from $0.73, signaling a marginally better outlook for that period.
- Positive Sentiment: The firm also nudged Q4 2026 EPS higher to $0.83 from $0.82, indicating a small improvement in late-2026 earnings expectations.
- Neutral Sentiment: Several longer-term forecasts remain constructive, including FY2027 EPS of $3.40 and FY2028 EPS of $3.93, suggesting analysts still expect growth over time.
- Negative Sentiment: Zacks Research cut FY2026 EPS to $3.09 from $3.18, which is below the current consensus of $3.13 and points to some near-term earnings risk.
- Negative Sentiment: The firm also lowered Q2 2026 EPS to $0.81 from $0.83 and trimmed Q2 2027, Q3 2027, Q4 2027, Q1 2028, and FY2028 estimates, reinforcing a softer medium-term outlook for Graco.
Analyst Upgrades and Downgrades
GGG has been the subject of a number of research reports. Robert W. Baird reduced their price target on shares of Graco from $96.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 price target on shares of Graco in a report on Friday, April 24th. DA Davidson restated a “neutral” rating and issued a $85.00 price target on shares of Graco in a report on Monday, April 27th. Weiss Ratings cut shares of Graco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Finally, KeyCorp restated a “sector weight” rating on shares of Graco in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $94.25.
View Our Latest Analysis on Graco
Insider Activity at Graco
In other Graco news, Director Andrea Helen Simon bought 1,240 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of $80.53 per share, with a total value of $99,857.20. Following the completion of the transaction, the director directly owned 1,240 shares in the company, valued at approximately $99,857.20. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 2.18% of the stock is currently owned by insiders.
About Graco
Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco’s solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.
The company’s product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.
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