Marco Investment Management LLC Buys 150 Shares of Graco Inc. (NYSE:GGG)

Marco Investment Management LLC lifted its stake in shares of Graco Inc. (NYSE:GGG) by 3.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,050 shares of the industrial products company’s stock after acquiring an additional 150 shares during the period. Marco Investment Management LLC’s holdings in Graco were worth $382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SkyView Investment Advisors LLC lifted its holdings in shares of Graco by 316.5% during the 1st quarter. SkyView Investment Advisors LLC now owns 354 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 269 shares during the last quarter. Baillie Gifford & Co. purchased a new position in Graco in the 2nd quarter worth $27,000. Certified Advisory Corp purchased a new position in Graco in the 1st quarter worth $30,000. FFT Wealth Management LLC purchased a new position in Graco in the 2nd quarter worth $31,000. Finally, Quadrant Capital Group LLC raised its position in Graco by 110.2% in the 2nd quarter. Quadrant Capital Group LLC now owns 555 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 291 shares during the period. 83.54% of the stock is owned by institutional investors.

Separately, Royal Bank of Canada decreased their target price on shares of Graco from $88.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, July 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $77.60.

In related news, insider Caroline M. Chambers sold 13,000 shares of the business’s stock in a transaction dated Friday, August 6th. The shares were sold at an average price of $78.48, for a total transaction of $1,020,240.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Timothy R. White sold 2,565 shares of the business’s stock in a transaction dated Wednesday, September 8th. The stock was sold at an average price of $77.95, for a total transaction of $199,941.75. Following the sale, the insider now directly owns 48,261 shares in the company, valued at approximately $3,761,944.95. The disclosure for this sale can be found here. 3.63% of the stock is owned by insiders.

GGG stock opened at $74.17 on Tuesday. The firm’s 50-day moving average price is $77.33 and its two-hundred day moving average price is $75.22. Graco Inc. has a 12-month low of $58.78 and a 12-month high of $80.48. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 3.83 and a beta of 0.60. The company has a current ratio of 3.36, a quick ratio of 2.42 and a debt-to-equity ratio of 0.10.

Graco (NYSE:GGG) last released its quarterly earnings data on Tuesday, July 20th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Graco had a net margin of 23.76% and a return on equity of 31.42%. The firm had revenue of $507.16 million for the quarter, compared to analysts’ expectations of $478.01 million. During the same quarter in the previous year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 38.2% compared to the same quarter last year. Equities analysts predict that Graco Inc. will post 2.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 3rd. Investors of record on Monday, October 18th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, October 15th. Graco’s dividend payout ratio is currently 38.46%.

Graco Company Profile

Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies and Industrial Products divisions.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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