Northwestern Mutual Investment Management Company LLC cut its holdings in shares of Graco Inc. (NYSE:GGG) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,601 shares of the industrial products company’s stock after selling 50 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Graco were worth $758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GGG. BlackRock Inc. grew its position in shares of Graco by 13,639.9% during the first quarter. BlackRock Inc. now owns 4,370,674 shares of the industrial products company’s stock worth $411,455,000 after acquiring an additional 4,338,864 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Graco by 6.8% during the first quarter. Vanguard Group Inc. now owns 4,886,860 shares of the industrial products company’s stock worth $460,049,000 after acquiring an additional 309,685 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Graco by 36.5% during the first quarter. Bank of New York Mellon Corp now owns 940,408 shares of the industrial products company’s stock worth $88,531,000 after acquiring an additional 251,447 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Graco by 59.8% during the first quarter. Goldman Sachs Group Inc. now owns 652,883 shares of the industrial products company’s stock worth $61,463,000 after acquiring an additional 244,321 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Graco by 1,065.3% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 163,311 shares of the industrial products company’s stock worth $15,374,000 after acquiring an additional 149,297 shares during the last quarter. Institutional investors and hedge funds own 86.85% of the company’s stock.

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Graco Inc. (NYSE:GGG) opened at 115.63 on Friday. Graco Inc. has a 52-week low of $69.33 and a 52-week high of $117.54. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 73.37 and a beta of 1.24. The company has a 50-day moving average of $113.42 and a 200-day moving average of $105.61.

Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.32. The firm had revenue of $379.50 million during the quarter, compared to the consensus estimate of $369.36 million. Graco had a return on equity of 40.21% and a net margin of 6.50%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. Equities research analysts expect that Graco Inc. will post $4.53 EPS for the current year.

In related news, VP Karen Park Gallivan sold 12,242 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $115.00, for a total transaction of $1,407,830.00. Following the completion of the transaction, the vice president now directly owns 27,264 shares in the company, valued at approximately $3,135,360. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.70% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on GGG shares. Zacks Investment Research upgraded shares of Graco from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Monday, July 31st. Wolfe Research upgraded shares of Graco from an “underperform” rating to a “peer perform” rating and set a $100.00 price objective on the stock in a research report on Monday, July 31st. FBR & Co reiterated a “marketperform” rating on shares of Graco in a research report on Tuesday, July 11th. Royal Bank Of Canada reiterated a “hold” rating on shares of Graco in a research report on Friday, July 28th. Finally, BidaskClub lowered shares of Graco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $106.20.

About Graco

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.

Institutional Ownership by Quarter for Graco (NYSE:GGG)

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