10,785 Shares in Graco Inc. $GGG Bought by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC acquired a new position in Graco Inc. (NYSE:GGG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,785 shares of the industrial products company’s stock, valued at approximately $884,000.

Other large investors also recently modified their holdings of the company. AE Wealth Management LLC lifted its position in shares of Graco by 32.7% in the fourth quarter. AE Wealth Management LLC now owns 398,336 shares of the industrial products company’s stock worth $32,652,000 after buying an additional 98,141 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of Graco by 40.5% in the third quarter. Swiss Life Asset Management Ltd now owns 45,544 shares of the industrial products company’s stock worth $3,869,000 after buying an additional 13,130 shares in the last quarter. Raiffeisen Bank International AG lifted its position in shares of Graco by 191.8% in the third quarter. Raiffeisen Bank International AG now owns 8,809 shares of the industrial products company’s stock worth $744,000 after buying an additional 5,790 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Graco in the fourth quarter worth about $3,527,000. Finally, Comerica Bank lifted its position in shares of Graco by 54.1% in the fourth quarter. Comerica Bank now owns 172,328 shares of the industrial products company’s stock worth $14,126,000 after buying an additional 60,486 shares in the last quarter. Institutional investors own 93.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Robert W. Baird decreased their target price on Graco from $96.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group boosted their target price on Graco from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. KeyCorp reiterated a “sector weight” rating on shares of Graco in a research report on Tuesday, January 27th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Graco in a research report on Friday, April 24th. Finally, DA Davidson reiterated a “neutral” rating and issued a $85.00 target price on shares of Graco in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $94.25.

Insider Transactions at Graco

In related news, Director Andrea Helen Simon acquired 1,240 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were acquired at an average cost of $80.53 per share, for a total transaction of $99,857.20. Following the completion of the transaction, the director directly owned 1,240 shares in the company, valued at approximately $99,857.20. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.18% of the stock is currently owned by company insiders.

Graco Price Performance

Shares of GGG stock opened at $75.34 on Thursday. Graco Inc. has a 1 year low of $74.39 and a 1 year high of $95.69. The stock’s 50 day simple moving average is $83.20 and its two-hundred day simple moving average is $85.04. The company has a market cap of $12.50 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 2.42 and a beta of 0.96.

Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.09). Graco had a net margin of 22.96% and a return on equity of 18.66%. The company had revenue of $540.14 million for the quarter, compared to analysts’ expectations of $561.35 million. During the same quarter last year, the company earned $0.70 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts expect that Graco Inc. will post 3.12 EPS for the current year.

About Graco

Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco’s solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company’s product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.