Flinton Capital Management LLC lifted its stake in Graco Inc. (NYSE:GGG) by 195.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,494 shares of the industrial products company’s stock after acquiring an additional 15,538 shares during the period. Flinton Capital Management LLC’s holdings in Graco were worth $1,062,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of GGG. Valley National Advisers Inc. boosted its holdings in shares of Graco by 200.0% in the fourth quarter. Valley National Advisers Inc. now owns 2,385 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 1,590 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Graco by 53.5% in the fourth quarter. Meeder Asset Management Inc. now owns 3,174 shares of the industrial products company’s stock worth $144,000 after acquiring an additional 1,106 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Graco by 286.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,363 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 2,493 shares during the period. Hexavest Inc. boosted its holdings in shares of Graco by 200.0% in the fourth quarter. Hexavest Inc. now owns 4,200 shares of the industrial products company’s stock worth $190,000 after acquiring an additional 2,800 shares during the period. Finally, Fiduciary Trust Co. bought a new position in shares of Graco in the fourth quarter worth $201,000. 86.39% of the stock is owned by hedge funds and other institutional investors.
Shares of Graco Inc. (NYSE:GGG) opened at $46.59 on Friday. The stock has a market capitalization of $7,894.30, a price-to-earnings ratio of 30.39, a P/E/G ratio of 2.49 and a beta of 1.17. Graco Inc. has a 52 week low of $30.59 and a 52 week high of $49.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.67 and a current ratio of 2.70.
Graco (NYSE:GGG) last posted its quarterly earnings data on Monday, January 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). Graco had a net margin of 17.12% and a return on equity of 40.08%. The business had revenue of $374.90 million for the quarter, compared to the consensus estimate of $369.53 million. During the same period in the prior year, the business posted $1.00 EPS. Graco’s quarterly revenue was up 7.4% on a year-over-year basis. equities analysts expect that Graco Inc. will post 1.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Monday, April 16th will be paid a dividend of $0.1325 per share. This represents a $0.53 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, April 13th. Graco’s dividend payout ratio (DPR) is currently 36.47%.
In other Graco news, VP Karen Park Gallivan sold 27,000 shares of Graco stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $46.67, for a total transaction of $1,260,090.00. Following the completion of the sale, the vice president now owns 72,305 shares of the company’s stock, valued at $3,374,474.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Caroline M. Chambers sold 9,939 shares of Graco stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.03, for a total value of $417,736.17. Following the sale, the vice president now directly owns 30,615 shares of the company’s stock, valued at approximately $1,286,748.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,564 shares of company stock valued at $4,225,595. Corporate insiders own 5.70% of the company’s stock.
GGG has been the subject of a number of analyst reports. ValuEngine lowered Graco from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Robert W. Baird reissued a “hold” rating and set a $47.67 price objective on shares of Graco in a research note on Friday, December 15th. B. Riley reissued a “hold” rating and set a $46.67 price objective on shares of Graco in a research note on Wednesday, December 20th. Zacks Investment Research lowered Graco from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Finally, Oppenheimer reissued a “hold” rating on shares of Graco in a research note on Thursday, December 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Graco has an average rating of “Hold” and an average price target of $47.33.
TRADEMARK VIOLATION NOTICE: “Flinton Capital Management LLC Has $1.06 Million Stake in Graco Inc. (GGG)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2018/03/18/flinton-capital-management-llc-has-1-06-million-stake-in-graco-inc-ggg.html.
Graco Company 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.
Receive News & Ratings for Graco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graco and related companies with MarketBeat.com's FREE daily email newsletter.