Tower Research Capital LLC TRC increased its stake in shares of Graco Inc. (NYSE:GGG) by 196.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 15,867 shares of the industrial products company’s stock after purchasing an additional 10,521 shares during the period. Tower Research Capital LLC TRC’s holdings in Graco were worth $796,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GGG. BlackRock Inc. raised its position in shares of Graco by 3.5% in the 2nd quarter. BlackRock Inc. now owns 15,382,636 shares of the industrial products company’s stock valued at $771,901,000 after purchasing an additional 517,850 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Graco by 12.6% in the 2nd quarter. HighTower Advisors LLC now owns 11,787 shares of the industrial products company’s stock valued at $591,000 after purchasing an additional 1,322 shares in the last quarter. Banco de Sabadell S.A acquired a new position in shares of Graco in the 2nd quarter valued at approximately $1,806,000. MUFG Securities EMEA plc acquired a new position in shares of Graco in the 2nd quarter valued at approximately $1,082,000. Finally, MML Investors Services LLC raised its position in shares of Graco by 19.7% in the 2nd quarter. MML Investors Services LLC now owns 12,109 shares of the industrial products company’s stock valued at $608,000 after purchasing an additional 1,993 shares in the last quarter. 83.99% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director William J. Carroll sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $46.53, for a total value of $279,180.00. Following the completion of the sale, the director now directly owns 49,984 shares in the company, valued at approximately $2,325,755.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.23% of the stock is currently owned by insiders.

Shares of NYSE GGG traded down $0.04 during trading on Tuesday, reaching $45.97. The stock had a trading volume of 98,999 shares, compared to its average volume of 349,587. Graco Inc. has a one year low of $37.36 and a one year high of $53.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.22. The stock has a market cap of $7.78 billion, a PE ratio of 24.45, a P/E/G ratio of 2.12 and a beta of 0.98. The firm’s 50 day moving average price is $46.02 and its two-hundred day moving average price is $48.91.

Graco (NYSE:GGG) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). Graco had a net margin of 20.61% and a return on equity of 39.22%. The firm had revenue of $428.30 million during the quarter, compared to the consensus estimate of $444.93 million. During the same quarter last year, the firm posted $0.48 earnings per share. Graco’s revenue was up .9% compared to the same quarter last year. On average, research analysts expect that Graco Inc. will post 1.91 earnings per share for the current year.

A number of equities analysts have issued reports on GGG shares. Robert W. Baird set a $50.00 target price on Graco and gave the company a “hold” rating in a research report on Friday, July 26th. Zacks Investment Research raised Graco from a “sell” rating to a “hold” rating and set a $49.00 target price on the stock in a research report on Wednesday, May 29th. Finally, ValuEngine lowered Graco from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Graco has an average rating of “Hold” and an average price target 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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