Gratus Capital LLC boosted its holdings in shares of Graco Inc. (NYSE:GGG) by 199.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 231,285 shares of the industrial products company’s stock after buying an additional 153,940 shares during the quarter. Graco comprises 1.4% of Gratus Capital LLC’s portfolio, making the stock its 13th biggest holding. Gratus Capital LLC’s holdings in Graco were worth $10,459,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Fenimore Asset Management Inc. increased its position in Graco by 199.0% during the fourth quarter. Fenimore Asset Management Inc. now owns 971,481 shares of the industrial products company’s stock worth $43,930,000 after buying an additional 646,572 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Graco by 207.1% in the fourth quarter. California Public Employees Retirement System now owns 511,947 shares of the industrial products company’s stock valued at $23,150,000 after purchasing an additional 345,230 shares during the last quarter. M&T Bank Corp grew its position in shares of Graco by 199.5% in the fourth quarter. M&T Bank Corp now owns 54,747 shares of the industrial products company’s stock valued at $2,475,000 after purchasing an additional 36,468 shares during the last quarter. Shelton Capital Management grew its position in shares of Graco by 200.0% in the fourth quarter. Shelton Capital Management now owns 12,504 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 8,336 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Graco by 1,142.5% in the fourth quarter. Teacher Retirement System of Texas now owns 57,129 shares of the industrial products company’s stock valued at $2,583,000 after purchasing an additional 52,531 shares during the last quarter. 32.29% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Karen Park Gallivan sold 27,000 shares of Graco stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $48.34, for a total transaction of $1,305,180.00. Following the sale, the vice president now directly owns 72,305 shares of the company’s stock, valued at $3,495,223.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Caroline M. Chambers sold 10,000 shares of Graco stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $131.56, for a total value of $1,315,600.00. Following the sale, the vice president now directly owns 15,191 shares in the company, valued at $1,998,527.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,652 shares of company stock worth $8,312,792. 5.70% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on the company. Deutsche Bank raised Graco from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, January 23rd. Oppenheimer reaffirmed a “hold” rating on shares of Graco in a research report on Thursday, December 28th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $49.00 price target on shares of Graco in a research report on Thursday, January 4th. B. Riley reaffirmed a “neutral” rating on shares of Graco in a research report on Wednesday, November 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $45.00 price target on shares of Graco in a research report on Friday, October 27th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $47.33.

Shares of Graco Inc. (GGG) opened at $41.40 on Friday. The stock has a market capitalization of $7,304.76, a PE ratio of 28.49, a PEG ratio of 2.32 and a beta of 1.15. Graco Inc. has a 1 year low of $29.70 and a 1 year high of $49.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.67.

Graco (NYSE:GGG) last released its earnings results on Monday, January 29th. The industrial products company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Graco had a return on equity of 40.08% and a net margin of 17.12%. The firm had revenue of $374.90 million for the quarter, compared to analyst estimates of $369.53 million. During the same period last year, the business earned $1.00 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. sell-side analysts predict that Graco Inc. will post 1.78 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Monday, January 22nd were given a dividend of $0.3975 per share. The ex-dividend date was Friday, January 19th. This is an increase from Graco’s previous quarterly dividend of $0.36. This represents a $1.59 dividend on an annualized basis and a yield of 3.84%. Graco’s dividend payout ratio (DPR) is 36.47%.

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About Graco

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.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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