Great West Life Assurance Co. Can increased its position in shares of Graco Inc. (NYSE:GGG) by 5.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,036 shares of the industrial products company’s stock after buying an additional 1,560 shares during the period. Great West Life Assurance Co. Can owned 0.06% of Graco worth $3,107,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Graco during the fourth quarter worth $41,069,000. Norges Bank bought a new stake in shares of Graco during the fourth quarter worth $34,615,000. Mairs & Power INC raised its stake in shares of Graco by 11.1% in the third quarter. Mairs & Power INC now owns 3,265,581 shares of the industrial products company’s stock worth $241,653,000 after buying an additional 325,193 shares in the last quarter. Atlanta Capital Management Co. L L C raised its stake in shares of Graco by 12.2% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 2,505,243 shares of the industrial products company’s stock worth $208,161,000 after buying an additional 272,735 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of Graco by 66.5% in the third quarter. Capital World Investors now owns 458,000 shares of the industrial products company’s stock worth $33,892,000 after buying an additional 183,000 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Graco (NYSE:GGG)

Graco Inc. (NYSE:GGG) opened at 109.57 on Friday. Graco Inc. has a 52 week low of $69.33 and a 52 week high of $111.69. The company has a market capitalization of $6.09 billion, a PE ratio of 102.21 and a beta of 1.27. The firm has a 50-day moving average of $103.82 and a 200-day moving average of $91.64.

Graco (NYSE:GGG) last announced its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.30. Graco had a net margin of 3.06% and a return on equity of 31.04%. The firm had revenue of $340.59 million during the quarter, compared to analysts’ expectations of $315.62 million. During the same period in the prior year, the company posted $0.70 EPS. The company’s revenue was up 11.7% on a year-over-year basis. Equities analysts expect that Graco Inc. will post $4.15 earnings per share for the current fiscal year.

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A number of analysts recently weighed in on GGG shares. Zacks Investment Research raised shares of Graco from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Friday, February 24th. Royal Bank of Canada raised their price objective on shares of Graco from $81.00 to $85.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 1st. Wunderlich cut shares of Graco from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Wednesday, February 1st. Finally, TheStreet raised shares of Graco from a “c+” rating to a “b+” rating in a research note on Thursday, April 27th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $92.00.

In other Graco news, Director Jack W. Eugster sold 3,578 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $93.26, for a total value of $333,684.28. Following the completion of the transaction, the director now directly owns 29,395 shares in the company, valued at approximately $2,741,377.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lee R. Mitau sold 8,600 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $93.24, for a total transaction of $801,864.00. Following the completion of the transaction, the director now owns 67,404 shares of the company’s stock, valued at $6,284,748.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 600,564 shares of company stock valued at $12,499,638. Corporate insiders own 5.60% of the company’s stock.

Graco Company Profile

Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.

12 Month Chart for NYSE:GGG

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