Keybank National Association OH lowered its position in shares of Graco Inc. (NYSE:GGG) by 4.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,168 shares of the industrial products company’s stock after selling 150 shares during the quarter. Keybank National Association OH’s holdings in Graco were worth $346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prudential Financial Inc. lifted its position in Graco by 19.0% during the 2nd quarter. Prudential Financial Inc. now owns 327,738 shares of the industrial products company’s stock worth $35,816,000 after acquiring an additional 52,346 shares during the period. Morgan Stanley lifted its position in Graco by 12.3% during the 1st quarter. Morgan Stanley now owns 148,597 shares of the industrial products company’s stock worth $13,989,000 after acquiring an additional 16,224 shares during the period. BB&T Securities LLC lifted its position in Graco by 0.5% during the 2nd quarter. BB&T Securities LLC now owns 6,930 shares of the industrial products company’s stock worth $757,000 after acquiring an additional 36 shares during the period. Capstone Asset Management Co. lifted its position in Graco by 2.5% during the 2nd quarter. Capstone Asset Management Co. now owns 5,646 shares of the industrial products company’s stock worth $617,000 after acquiring an additional 140 shares during the period. Finally, Credit Suisse AG lifted its position in Graco by 10.3% during the 1st quarter. Credit Suisse AG now owns 59,672 shares of the industrial products company’s stock worth $5,616,000 after acquiring an additional 5,584 shares during the period. 86.85% of the stock is owned by institutional investors.

In other Graco news, insider David M. Lowe sold 30,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $115.50, for a total value of $3,465,000.00. Following the completion of the transaction, the insider now owns 164,809 shares in the company, valued at $19,035,439.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Karen Park Gallivan sold 12,242 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were 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 owns 27,264 shares of the company’s stock, valued at approximately $3,135,360. The disclosure for this sale can be found here. Insiders sold 44,242 shares of company stock valued at $4,873,050 in the last 90 days. 5.70% of the stock is currently owned by insiders.

GGG has been the subject of a number of research reports. Zacks Investment Research raised Graco from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research report on Monday, July 31st. Wolfe Research raised Graco from an “underperform” rating to a “peer perform” rating and set a $100.00 price target for the company in a research report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Graco in a research report on Friday, July 28th. FBR & Co reaffirmed a “marketperform” rating on shares of Graco in a research report on Tuesday, July 11th. Finally, BidaskClub cut Graco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Graco presently has a consensus rating of “Hold” and an average target price of $106.20.

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Graco Inc. (NYSE GGG) opened at 117.24 on Thursday. The firm’s 50 day moving average price is $113.94 and its 200-day moving average price is $106.17. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 74.39 and a beta of 1.24. Graco Inc. has a 1-year low of $69.33 and a 1-year high of $118.04.

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

Graco 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.

Institutional Ownership by Quarter for Graco (NYSE:GGG)

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