Public Employees Retirement System of Ohio trimmed its stake in Graco Inc. (NYSE:GGG) by 10.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157,540 shares of the industrial products company’s stock after selling 17,947 shares during the quarter. Public Employees Retirement System of Ohio owned 0.09% of Graco worth $7,905,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Icon Wealth Partners LLC bought a new stake in shares of Graco during the first quarter valued at approximately $25,000. Alpha Quant Advisors LLC boosted its stake in Graco by 91.9% during the 1st quarter. Alpha Quant Advisors LLC now owns 783 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 375 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Graco in the 2nd quarter worth $40,000. Manchester Capital Management LLC bought a new stake in shares of Graco in the 1st quarter worth $41,000. Finally, Kavar Capital Partners LLC bought a new stake in shares of Graco in the 2nd quarter worth $43,000. 84.24% of the stock is currently owned by institutional investors and hedge funds.

Graco stock traded up $0.08 during midday trading on Wednesday, reaching $46.28. 12,555 shares of the company traded hands, compared to its average volume of 352,672. Graco Inc. has a 12 month low of $37.36 and a 12 month high of $53.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 1.39. The business has a 50 day moving average of $46.32 and a two-hundred day moving average of $48.92. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98.

Graco (NYSE:GGG) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $428.30 million during the quarter, compared to the consensus estimate of $444.93 million. Graco had a return on equity of 39.22% and a net margin of 20.61%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. As a group, equities analysts forecast that Graco Inc. will post 1.91 EPS for the current year.

GGG has been the topic of a number of research analyst reports. Zacks Investment Research raised Graco from a “sell” rating to a “hold” rating and set a $49.00 price target on the stock in a report on Wednesday, May 29th. ValuEngine cut Graco from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 4th. Finally, Robert W. Baird set a $50.00 price objective on Graco and gave the stock a “hold” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $47.20.

Graco Company Profile

Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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