Sei Investments Co. Has $42.02 Million Stake in Graco Inc. $GGG

Sei Investments Co. grew its holdings in Graco Inc. (NYSE:GGG) by 3.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 496,425 shares of the industrial products company’s stock after acquiring an additional 16,516 shares during the period. Sei Investments Co.’s holdings in Graco were worth $42,023,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Graco in the fourth quarter valued at about $161,949,000. Bank of Montreal Can lifted its stake in Graco by 1,636.9% during the fourth quarter. Bank of Montreal Can now owns 1,011,196 shares of the industrial products company’s stock worth $82,888,000 after purchasing an additional 952,977 shares during the period. Caisse de depot et placement du Quebec lifted its stake in Graco by 236.4% during the third quarter. Caisse de depot et placement du Quebec now owns 1,279,553 shares of the industrial products company’s stock worth $108,711,000 after purchasing an additional 899,174 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Graco by 20,706.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 556,362 shares of the industrial products company’s stock valued at $45,605,000 after purchasing an additional 553,688 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Graco by 51.8% in the 1st quarter. Hsbc Holdings PLC now owns 1,194,254 shares of the industrial products company’s stock valued at $101,061,000 after purchasing an additional 407,557 shares during the period. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Graco

Here are the key news stories impacting Graco this week:

• Positive Sentiment: Graco posted record second-quarter sales and operating earnings, while adjusted EPS of $0.91 beat expectations, helping fuel buying in the stock. Graco (GGG) On Record Q2 Earnings And The Case For More Upside
• Positive Sentiment: Management’s third-quarter sales guidance and reaffirmed full-year outlook signaled confidence in demand trends, backlog growth, and a stronger second half. Graco Inc. Signals Stronger Second Half Ahead
• Positive Sentiment: Royal Bank of Canada raised its price target on Graco to $96 from $92 and kept an outperform rating, reinforcing a bullish analyst view. Benzinga / The Fly analyst update
• Neutral Sentiment: William Blair maintained a Hold rating, saying improving orders and backlog are being offset by only modest near-term growth. Balanced Outlook for Graco
• Neutral Sentiment: Several articles highlighted that revenue came in below some estimates even as profits and margins improved, making the earnings reaction more dependent on outlook than on top-line growth alone. Graco Surpasses Q2 Earnings Estimates, Reaffirms 2026 View

Graco Trading Down 0.1%

NYSE:GGG opened at $79.43 on Monday. The stock has a market capitalization of $12.86 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 2.56 and a beta of 0.93. Graco Inc. has a 1 year low of $72.51 and a 1 year high of $95.69. The firm has a 50 day moving average of $75.07 and a 200-day moving average of $82.65.

Graco (NYSE:GGG) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. Graco had a return on equity of 19.54% and a net margin of 23.53%.The business had revenue of $590.55 million for the quarter, compared to analyst estimates of $608.06 million. During the same period in the prior year, the company earned $0.75 EPS. Graco’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts forecast that Graco Inc. will post 3.1 EPS for the current fiscal year.

Graco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Monday, July 20th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Monday, July 20th. This represents a $1.18 dividend on an annualized basis and a yield of 1.5%. Graco’s payout ratio is currently 37.11%.

Analysts Set New Price Targets

GGG has been the subject of a number of recent research reports. Robert W. Baird set a $94.00 target price on Graco in a report on Friday. Wolfe Research lowered Graco from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Royal Bank Of Canada increased their price objective on Graco from $92.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday. Weiss Ratings cut Graco from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 21st. Finally, DA Davidson restated a “neutral” rating and issued a $85.00 target price on shares of Graco in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $95.00.

Graco Company Profile

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.