Graco Inc. $GGG Shares Sold by Fiera Capital Corp

Fiera Capital Corp decreased its holdings in Graco Inc. (NYSE:GGG) by 5.4% in the fourth quarter, Holdings Channel reports. The firm owned 4,115,821 shares of the industrial products company’s stock after selling 233,561 shares during the period. Graco comprises about 1.1% of Fiera Capital Corp’s portfolio, making the stock its 27th largest position. Fiera Capital Corp’s holdings in Graco were worth $337,374,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. boosted its position in shares of Graco by 42.6% in the 3rd quarter. Assetmark Inc. now owns 465 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 139 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Graco by 982.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 452 shares in the last quarter. Field & Main Bank acquired a new stake in shares of Graco in the 4th quarter worth $41,000. Matrix Trust Co boosted its position in shares of Graco by 43.0% in the 4th quarter. Matrix Trust Co now owns 555 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 167 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Graco by 40.3% in the 3rd quarter. CENTRAL TRUST Co now owns 735 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 93.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. 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. Weiss Ratings lowered Graco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 target price on shares of Graco in a research note on Friday, April 24th. Finally, Robert W. Baird reduced their target price on Graco from $96.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $94.25.

Insider Buying and Selling at Graco

In related news, Director Andrea Helen Simon acquired 1,240 shares of Graco stock in a transaction on Monday, April 27th. The stock was acquired at an average price of $80.53 per share, for a total transaction of $99,857.20. Following the purchase, the director owned 1,240 shares of the company’s stock, valued at approximately $99,857.20. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.18% of the company’s stock.

Graco Price Performance

Shares of GGG stock opened at $74.28 on Monday. The business has a fifty day moving average of $80.56 and a 200 day moving average of $84.51. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 2.40 and a beta of 0.93. Graco Inc. has a 1 year low of $73.48 and a 1 year high of $95.69.

Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.09). The company had revenue of $540.14 million for the quarter, compared to analysts’ expectations of $561.35 million. Graco had a net margin of 22.96% and a return on equity of 18.66%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.70 EPS. As a group, equities research analysts expect that Graco Inc. will post 3.1 earnings per share for the current year.

About Graco

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.