Quantinno Capital Management LP Raises Stock Holdings in Graco Inc. (NYSE:GGG)

Quantinno Capital Management LP raised its position in shares of Graco Inc. (NYSE:GGG) by 54.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,335 shares of the industrial products company’s stock after purchasing an additional 12,412 shares during the period. Quantinno Capital Management LP’s holdings in Graco were worth $2,978,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Graco during the fourth quarter valued at $25,000. TD Private Client Wealth LLC grew its holdings in Graco by 118.0% during the fourth quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 190 shares during the period. National Pension Service bought a new position in Graco during the fourth quarter valued at $34,000. Whipplewood Advisors LLC bought a new position in Graco during the fourth quarter valued at $37,000. Finally, Brooklyn Investment Group grew its holdings in Graco by 39.1% during the fourth quarter. Brooklyn Investment Group now owns 484 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 136 shares during the period. 93.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $85.00 price objective on Graco in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $93.00.

Insider Transactions at Graco

In related news, insider David J. Thompson sold 3,588 shares of Graco stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $86.23, for a total transaction of $309,393.24. Following the completion of the sale, the insider now owns 27,520 shares of the company’s stock, valued at approximately $2,373,049.60. This trade represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.19% of the company’s stock.

Graco Price Performance

Graco stock opened at $87.02 on Tuesday. Graco Inc. has a one year low of $72.06 and a one year high of $92.86. The business has a fifty day moving average price of $81.63 and a 200-day moving average price of $84.65. The firm has a market capitalization of $14.54 billion, a P/E ratio of 30.86, a PEG ratio of 2.85 and a beta of 1.09.

Graco (NYSE:GGG) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Graco had a return on equity of 19.38% and a net margin of 23.00%. The firm had revenue of $528.28 million during the quarter, compared to analyst estimates of $526.98 million. During the same period last year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts expect that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Graco Company Profile

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.