Palladium Partners LLC held its position in shares of W.R. Grace & Co. (NYSE:GRA) during the second quarter, Holdings Channel reports. The firm owned 9,000 shares of the specialty chemicals company’s stock at the end of the second quarter. Palladium Partners LLC’s holdings in W.R. Grace & Co. were worth $648,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. World Asset Management Inc acquired a new position in shares of W.R. Grace & Co. during the second quarter valued at $221,000. Daiwa Securities Group Inc. boosted its position in shares of W.R. Grace & Co. by 22.9% in the second quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock valued at $155,000 after buying an additional 400 shares in the last quarter. US Bancorp DE boosted its position in shares of W.R. Grace & Co. by 26.8% in the second quarter. US Bancorp DE now owns 2,897 shares of the specialty chemicals company’s stock valued at $208,000 after buying an additional 613 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of W.R. Grace & Co. by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock valued at $181,000 after buying an additional 298 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of W.R. Grace & Co. by 478.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 11,085 shares of the specialty chemicals company’s stock valued at $798,000 after buying an additional 9,170 shares in the last quarter. Institutional investors and hedge funds own 83.89% of the company’s stock.

W.R. Grace & Co. (GRA) opened at 68.96 on Monday. The company’s 50 day moving average is $70.85 and its 200-day moving average is $70.34. W.R. Grace & Co. has a 1-year low of $63.37 and a 1-year high of $80.56. The stock has a market cap of $4.70 billion, a PE ratio of 33.57 and a beta of 1.12.

W.R. Grace & Co. (NYSE:GRA) last released its quarterly earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The company had revenue of $429.50 million for the quarter, compared to analyst estimates of $407.72 million. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.88%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $0.74 earnings per share. Equities research analysts forecast that W.R. Grace & Co. will post $3.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, August 15th. This represents a $0.84 annualized dividend and a yield of 1.22%. W.R. Grace & Co.’s dividend payout ratio is presently 42.21%.

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Several brokerages have recently weighed in on GRA. BidaskClub cut shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Monness Crespi & Hardt dropped their price target on shares of W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, July 27th. Jefferies Group LLC reiterated a “hold” rating and set a $70.00 price target on shares of W.R. Grace & Co. in a research note on Friday, June 16th. Finally, Goldman Sachs Group, Inc. (The) cut shares of W.R. Grace & Co. from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $80.18.

In related news, VP William C. Dockman sold 4,940 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $70.02, for a total transaction of $345,898.80. Following the sale, the vice president now owns 6,275 shares in the company, valued at $439,375.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Mark A. Shelnitz sold 26,853 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $71.44, for a total transaction of $1,918,378.32. Following the sale, the vice president now owns 83,437 shares in the company, valued at approximately $5,960,739.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

About W.R. Grace & Co.

W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

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Institutional Ownership by Quarter for W.R. Grace & Co. (NYSE:GRA)

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