Swiss National Bank Boosts Position in Graco Inc. (GGG)

Swiss National Bank raised its stake in shares of Graco Inc. (NYSE:GGG) by 0.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 92,000 shares of the industrial products company’s stock after buying an additional 500 shares during the period. Swiss National Bank’s holdings in Graco were worth $8,661,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GGG. Mosaic Family Wealth LLC boosted its position in shares of Graco by 13.0% in the third quarter. Mosaic Family Wealth LLC now owns 1,727 shares of the industrial products company’s stock valued at $128,000 after buying an additional 199 shares during the last quarter. Creative Planning raised its stake in Graco by 5.4% in the first quarter. Creative Planning now owns 1,496 shares of the industrial products company’s stock valued at $141,000 after buying an additional 76 shares during the period. Canada Pension Plan Investment Board raised its stake in Graco by 425.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,100 shares of the industrial products company’s stock valued at $198,000 after buying an additional 1,700 shares during the period. Park National Corp OH purchased a new stake in Graco during the first quarter valued at approximately $203,000. Finally, Riverhead Capital Management LLC raised its stake in Graco by 506.1% in the third quarter. Riverhead Capital Management LLC now owns 3,000 shares of the industrial products company’s stock valued at $222,000 after buying an additional 2,505 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Graco (NYSE:GGG)

Graco Inc. (NYSE:GGG) traded down 0.05% during mid-day trading on Friday, reaching $109.52. The company had a trading volume of 5,815 shares. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 102.16 and a beta of 1.27. The firm has a 50-day moving average price of $103.82 and a 200 day moving average price of $91.64. Graco Inc. has a 12-month low of $69.33 and a 12-month high of $111.69.

Graco (NYSE:GGG) last issued its earnings results on Wednesday, April 26th. The industrial products company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.30. The company had revenue of $340.59 million for the quarter, compared to analysts’ expectations of $315.62 million. Graco had a net margin of 3.06% and a return on equity of 31.04%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. Analysts expect that Graco Inc. will post $4.15 EPS for the current year.

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GGG has been the subject of several analyst reports. Zacks Investment Research lowered shares of Graco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 31st. Wunderlich lowered 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. Royal Bank of Canada increased 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, TheStreet lowered shares of Graco from a “b+” rating to a “c+” rating in a research note on Monday, January 30th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Graco presently has an average rating of “Hold” and an average target price of $92.00.

In related news, VP Charles L. Rescorla sold 30,000 shares of Graco stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $109.99, for a total value of $3,299,700.00. Following the transaction, the vice president now owns 91,802 shares in the company, valued at approximately $10,097,301.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Elena Polyakova sold 360,000 shares of Graco stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $0.12, for a total transaction of $43,200.00. In the last quarter, insiders sold 600,564 shares of company stock worth $12,499,638. 5.60% of the stock is owned by corporate insiders.

Graco Company Profile

Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.

12 Month Chart for NYSE:GGG

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