Sei Investments Co. Acquires 1,485 Shares of Graco Inc. (GGG)
Sei Investments Co. raised its position in shares of Graco Inc. (NYSE:GGG) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 263,797 shares of the company’s stock after buying an additional 1,485 shares during the period. Sei Investments Co. owned about 0.47% of Graco worth $19,521,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Graco by 4.5% in the second quarter. Vanguard Group Inc. now owns 4,543,988 shares of the company’s stock valued at $358,931,000 after buying an additional 196,697 shares in the last quarter. Mairs & Power INC increased its position in shares of Graco by 3.2% in the second quarter. Mairs & Power INC now owns 2,940,388 shares of the company’s stock valued at $232,261,000 after buying an additional 90,292 shares in the last quarter. Fiera Capital Corp increased its position in shares of Graco by 2.5% in the second quarter. Fiera Capital Corp now owns 2,378,013 shares of the company’s stock valued at $187,840,000 after buying an additional 58,975 shares in the last quarter. Atlanta Capital Management Co. L L C increased its position in shares of Graco by 7.1% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,242,693 shares of the company’s stock valued at $177,151,000 after buying an additional 148,678 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Graco by 5.6% in the second quarter. BlackRock Fund Advisors now owns 1,953,321 shares of the company’s stock valued at $154,293,000 after buying an additional 104,427 shares in the last quarter. 87.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Graco Inc. (NYSE:GGG) traded down 0.90% during mid-day trading on Tuesday, hitting $81.20. 75,286 shares of the stock traded hands. The firm has a 50 day moving average of $76.54 and a 200 day moving average of $76.56. The company has a market cap of $4.52 billion, a P/E ratio of 23.27 and a beta of 1.29. Graco Inc. has a 12 month low of $63.05 and a 12 month high of $86.62.
Graco (NYSE:GGG) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $327.20 million for the quarter, compared to the consensus estimate of $331.66 million. Graco had a net margin of 15.20% and a return on equity of 29.75%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Equities analysts anticipate that Graco Inc. will post $3.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 2nd. Stockholders of record on Monday, October 17th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, October 13th. Graco’s dividend payout ratio (DPR) is 37.93%.
GGG has been the subject of several recent analyst reports. Deutsche Bank AG initiated coverage on shares of Graco in a report on Tuesday, September 6th. They issued a “hold” rating and a $83.00 target price for the company. Zacks Investment Research raised shares of Graco from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th. Nine investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $83.75.
In other news, insider Patrick J. Mchale sold 11,500 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $74.19, for a total value of $853,185.00. Following the sale, the insider now directly owns 142,230 shares of the company’s stock, valued at approximately $10,552,043.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William J. Carroll sold 3,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $81.37, for a total transaction of $292,932.00. Following the completion of the sale, the director now directly owns 25,703 shares in the company, valued at $2,091,453.11. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.
Graco Company Profile
Graco Inc (Graco) is a manufacturing company. The Company designs, manufactures and markets equipment to pump, meter, mix and dispense fluid and powder materials. The Company operates through three segments: Industrial, Process and Contractor. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids.
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