Boston Private Wealth LLC purchased a new position in shares of Graco Inc. (NYSE:GGG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,700 shares of the industrial products company’s stock, valued at approximately $210,000.

Several other large investors have also modified their holdings of GGG. Advisors Asset Management Inc. lifted its holdings in shares of Graco by 106.1% during the second quarter. Advisors Asset Management Inc. now owns 1,123 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 578 shares during the period. Acrospire Investment Management LLC lifted its holdings in shares of Graco by 200.0% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 800 shares during the period. Fiduciary Trust Co. acquired a new position in shares of Graco during the second quarter worth $180,000. Mosaic Family Wealth LLC lifted its holdings in shares of Graco by 5.1% during the second quarter. Mosaic Family Wealth LLC now owns 1,880 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 91 shares during the period. Finally, HM Payson & Co. acquired a new position in shares of Graco during the second quarter worth $207,000. Institutional investors own 86.27% of the company’s stock.

In related news, insider Daniel Stolyarov sold 500,000 shares of Graco stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $0.11, for a total transaction of $55,000.00. Also, VP David M. Ahlers sold 22,500 shares of Graco stock in a transaction on Friday, September 15th. The stock was sold at an average price of $120.01, for a total transaction of $2,700,225.00. Following the transaction, the vice president now directly owns 42,047 shares of the company’s stock, valued at approximately $5,046,060.47. The disclosure for this sale can be found here. Insiders have sold 734,018 shares of company stock valued at $19,672,731 in the last three months. 5.70% of the stock is owned by insiders.

Graco Inc. (GGG) opened at $129.46 on Monday. Graco Inc. has a 52 week low of $81.36 and a 52 week high of $134.11. The firm has a market cap of $7,266.59, a price-to-earnings ratio of 28.27, a P/E/G ratio of 2.83 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.46 and a current ratio of 2.23.

Graco (NYSE:GGG) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.09. Graco had a net margin of 7.72% and a return on equity of 42.05%. The business had revenue of $379.81 million during the quarter, compared to the consensus estimate of $356.30 million. During the same quarter last year, the firm earned $0.95 earnings per share. Graco’s quarterly revenue was up 16.1% on a year-over-year basis. analysts expect that Graco Inc. will post 4.36 EPS for the current fiscal year.

A number of brokerages have recently commented on GGG. SunTrust Banks reiterated a “hold” rating and set a $128.00 price target on shares of Graco in a report on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and set a $135.00 price target on shares of Graco in a report on Friday, October 27th. Zacks Investment Research lowered shares of Graco from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. B. Riley reiterated a “neutral” rating on shares of Graco in a report on Wednesday, November 1st. Finally, ValuEngine lowered shares of Graco from a “buy” rating to a “hold” rating in a report on Friday. Twelve equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $116.75.

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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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