Landscape Capital Management L.L.C. Purchases New Stake in Graco Inc. $GGG

Landscape Capital Management L.L.C. purchased a new stake in shares of Graco Inc. (NYSE:GGG – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,689 shares of the industrial products company’s stock, valued at approximately $506,000.

A number of other large investors have also added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Graco by 0.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 21,277 shares of the industrial products company’s stock worth $1,745,000 after purchasing an additional 109 shares during the period. Stonebridge Capital Advisors LLC grew its stake in shares of Graco by 0.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 41,431 shares of the industrial products company’s stock worth $3,562,000 after purchasing an additional 119 shares during the last quarter. ICW Investment Advisors LLC increased its holdings in Graco by 5.2% during the 2nd quarter. ICW Investment Advisors LLC now owns 2,723 shares of the industrial products company’s stock valued at $234,000 after purchasing an additional 135 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Graco by 5.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,813 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 139 shares during the period. Finally, Root Financial Partners LLC raised its position in Graco by 43.2% during the 1st quarter. Root Financial Partners LLC now owns 504 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 93.88% of the company’s stock.

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Graco Trading Up 0.2%

Shares of GGG stock opened at $80.82 on Monday. The company’s fifty day moving average price is $77.79 and its 200-day moving average price is $81.98. The stock has a market cap of $13.09 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 2.48 and a beta of 0.92. Graco Inc. has a 12 month low of $72.51 and a 12 month high of $95.69.

Graco (NYSE:GGG – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.10. Graco had a net margin of 23.53% and a return on equity of 19.54%. The company had revenue of $590.55 million during the quarter, compared to analyst estimates of $608.06 million. During the same period last year, the business earned $0.75 EPS. Graco’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts forecast that Graco Inc. will post 3.26 earnings per share for the current fiscal year.

Graco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, July 20th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.5%. Graco’s dividend payout ratio (DPR) is currently 37.11%.

Analyst Ratings Changes

Several equities research analysts have weighed in on GGG shares. Robert W. Baird set a $94.00 price objective on Graco in a report on Friday, July 24th. Wolfe Research lowered shares of Graco from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Weiss Ratings raised Graco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Royal Bank Of Canada upped their target price on Graco from $92.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, DA Davidson reissued a “neutral” rating and issued a $85.00 target price on shares of Graco in a research report on Monday, July 27th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $95.00.

Read Our Latest Stock Analysis on GGG

Graco Profile

(Free Report)

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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