Montrusco Bolton Investments Inc. Boosts Stake in Graco Inc. (GGG)

Montrusco Bolton Investments Inc. lifted its holdings in Graco Inc. (NYSE:GGG) by 214.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,348 shares of the industrial products company’s stock after buying an additional 61,585 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Graco were worth $4,086,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cardinal Capital Management increased its holdings in shares of Graco by 6.8% in the 3rd quarter. Cardinal Capital Management now owns 7,621 shares of the industrial products company’s stock worth $942,000 after buying an additional 488 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Graco by 4.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 108,820 shares of the industrial products company’s stock worth $13,460,000 after buying an additional 5,072 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Graco by 6.3% in the 3rd quarter. Prudential Financial Inc. now owns 348,478 shares of the industrial products company’s stock worth $43,103,000 after buying an additional 20,740 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Graco by 8.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 305,782 shares of the industrial products company’s stock valued at $33,416,000 after purchasing an additional 23,718 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in Graco during the 2nd quarter valued at about $1,458,000. Hedge funds and other institutional investors own 28.75% of the company’s stock.

In other Graco news, VP Mark W. Sheahan sold 30,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $131.31, for a total value of $3,939,300.00. Following the completion of the sale, the vice president now directly owns 49,538 shares of the company’s stock, valued at approximately $6,504,834.78. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel Stolyarov sold 500,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $0.11, for a total transaction of $55,000.00. Over the last three months, insiders sold 734,752 shares of company stock valued at $18,245,690. 5.70% of the stock is owned by corporate insiders.

GGG has been the topic of several analyst reports. Royal Bank of Canada reiterated a “hold” rating and set a $49.00 price target on shares of Graco in a report on Thursday, January 4th. Oppenheimer reiterated a “hold” rating on shares of Graco in a report on Thursday, December 28th. SunTrust Banks reiterated a “hold” rating and set a $42.67 price target on shares of Graco in a report on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and set a $45.00 price target on shares of Graco in a report on Friday, October 27th. Finally, FBR & Co set a $46.67 price target on shares of Graco and gave the company a “hold” rating in a report on Thursday, October 26th. Thirteen research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $41.67.

Shares of Graco Inc. (NYSE:GGG) opened at $46.92 on Friday. The stock has a market cap of $7,917.70, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.85 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.23 and a quick ratio of 1.46. Graco Inc. has a 52-week low of $28.39 and a 52-week high of $47.44.

Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. The company had revenue of $379.81 million during the quarter, compared to analysts’ expectations of $356.30 million. Graco had a net margin of 7.72% and a return on equity of 42.05%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. equities research analysts anticipate that Graco Inc. will post 1.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Monday, January 22nd will be given a $0.3975 dividend. This represents a $1.59 annualized dividend and a yield of 3.39%. This is a boost from Graco’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 19th. Graco’s payout ratio is 75.79%.

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Graco 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.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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