RBO & Co. LLC continued to hold its stake in Graco Inc. (NYSE:GGG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,612 shares of the company’s stock at the end of the fourth quarter. RBO & Co. LLC owned about 0.11% of Graco worth $4,953,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Bbva Compass Bancshares Inc. increased its position in Graco by 16.7% in the second quarter. Bbva Compass Bancshares Inc. now owns 15,537 shares of the company’s stock valued at $1,227,000 after buying an additional 2,222 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in Graco during the second quarter valued at $5,924,000. Gratus Capital LLC acquired a new position in Graco during the second quarter valued at $6,256,000. Gamco Investors INC. ET AL increased its position in Graco by 0.5% in the second quarter. Gamco Investors INC. ET AL now owns 1,299,024 shares of the company’s stock valued at $102,610,000 after buying an additional 7,025 shares during the last quarter. Finally, DE Burlo Group Inc. increased its position in Graco by 32.5% in the second quarter. DE Burlo Group Inc. now owns 44,000 shares of the company’s stock valued at $3,475,000 after buying an additional 10,800 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.
Shares of Graco Inc. (NYSE:GGG) traded up 0.73% during midday trading on Monday, reaching $91.67. 153,844 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $86.91 and its 200 day moving average price is $78.90. Graco Inc. has a one year low of $69.33 and a one year high of $91.95. The firm has a market capitalization of $5.11 billion, a PE ratio of 129.11 and a beta of 1.27.
Graco (NYSE:GGG) last issued its quarterly earnings results on Monday, January 30th. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.14. Graco had a return on equity of 31.04% and a net margin of 3.06%. The business had revenue of $349.10 million for the quarter, compared to analyst estimates of $326.05 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that Graco Inc. will post $3.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 17th were paid a dividend of $0.36 per share. This is a positive change from Graco’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, January 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.57%. Graco’s payout ratio is presently 202.82%.
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Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Graco from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Friday, February 3rd. TheStreet cut shares of Graco from a “b+” rating to a “c+” rating in a research note on Monday, January 30th. RBC Capital Markets set a $85.00 price objective on shares of Graco and gave the company a “sector perform” rating in a research note on Wednesday, February 1st. Royal Bank Of Canada boosted their price objective on shares of Graco from $81.00 to $85.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 1st. Finally, Wunderlich cut shares of Graco from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research note on Wednesday, February 1st. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $85.80.
In related news, VP David M. Lowe sold 22,500 shares of Graco stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $89.08, for a total transaction of $2,004,300.00. Following the completion of the sale, the vice president now owns 156,994 shares of the company’s stock, valued at $13,985,025.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Caroline M. Chambers sold 8,000 shares of Graco stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $81.98, for a total value of $655,840.00. Following the sale, the vice president now directly owns 12,826 shares of the company’s stock, valued at approximately $1,051,475.48. The disclosure for this sale can be found here. Insiders have sold 53,400 shares of company stock worth $4,648,756 in the last 90 days. Insiders own 5.60% of the company’s stock.
Graco Company Profile
Graco Inc (Graco) is a manufacturing company. The Company designs, manufactures and markets equipment to pump, meter, mix and dispense fluid and powder materials. The Company operates through three segments: Industrial, Process and Contractor. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids.
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