Savant Capital LLC Acquires 10,101 Shares of Graco Inc. $GGG

Savant Capital LLC raised its holdings in Graco Inc. (NYSE:GGG) by 416.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,528 shares of the industrial products company’s stock after acquiring an additional 10,101 shares during the quarter. Savant Capital LLC’s holdings in Graco were worth $1,077,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. NewSquare Capital LLC grew its stake in shares of Graco by 320.7% in the second quarter. NewSquare Capital LLC now owns 345 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 263 shares during the last quarter. eCIO Inc. acquired a new position in Graco during the 1st quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Graco by 41.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 481 shares of the industrial products company’s stock valued at $41,000 after buying an additional 141 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of Graco in the first quarter valued at about $41,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Graco by 982.6% in the first quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company’s stock valued at $42,000 after buying an additional 452 shares during the period. Institutional investors and hedge funds own 93.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on GGG. KeyCorp reiterated a “sector weight” rating on shares of Graco in a report on Thursday, October 23rd. Weiss Ratings lowered shares of Graco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, Robert W. Baird set a $89.00 price objective on shares of Graco in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Graco currently has a consensus rating of “Moderate Buy” and an average price target of $94.00.

Graco Trading Down 1.6%

GGG opened at $81.18 on Friday. The company has a fifty day moving average price of $83.18 and a two-hundred day moving average price of $84.48. Graco Inc. has a 1-year low of $72.06 and a 1-year high of $92.86. The company has a market cap of $13.46 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 2.71 and a beta of 1.08.

Graco (NYSE:GGG) last issued its earnings results on Wednesday, October 22nd. The industrial products company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The firm had revenue of $543.36 million for the quarter, compared to analyst estimates of $563.07 million. Graco had a return on equity of 18.89% and a net margin of 22.72%.Graco’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. On average, research analysts forecast that Graco Inc. will post 3.06 EPS for the current fiscal year.

Graco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Monday, October 20th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, October 20th. Graco’s dividend payout ratio (DPR) is currently 37.54%.

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.