10,785 Shares in Graco Inc. $GGG Acquired by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC acquired a new position in Graco Inc. (NYSE:GGG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,785 shares of the industrial products company’s stock, valued at approximately $884,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in Graco in the third quarter worth approximately $29,000. Assetmark Inc. grew its stake in Graco by 42.6% in the third quarter. Assetmark Inc. now owns 465 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 139 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Graco by 982.6% in the first quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 452 shares in the last quarter. Field & Main Bank bought a new position in Graco in the fourth quarter worth approximately $41,000. Finally, Matrix Trust Co grew its stake in Graco by 43.0% in the fourth quarter. Matrix Trust Co now owns 555 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 93.88% of the company’s stock.

Insiders Place Their Bets

In other Graco news, Director Andrea Helen Simon acquired 1,240 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was purchased at an average price of $80.53 per share, for a total transaction of $99,857.20. Following the acquisition, the director owned 1,240 shares in the company, valued at approximately $99,857.20. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.18% of the stock is currently owned by corporate insiders.

Graco Stock Up 0.0%

Graco stock opened at $75.34 on Thursday. The business has a fifty day moving average of $83.20 and a two-hundred day moving average of $85.04. The firm has a market cap of $12.50 billion, a P/E ratio of 24.54, a P/E/G ratio of 2.42 and a beta of 0.96. Graco Inc. has a twelve month low of $74.39 and a twelve month high of $95.69.

Graco (NYSE:GGG) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.09). The company had revenue of $540.14 million for the quarter, compared to analysts’ expectations of $561.35 million. Graco had a return on equity of 18.66% and a net margin of 22.96%.The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. Equities analysts expect that Graco Inc. will post 3.12 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on GGG shares. KeyCorp reissued a “sector weight” rating on shares of Graco in a research note on Tuesday, January 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of Graco in a research note on Friday, April 24th. DA Davidson reissued a “neutral” rating and issued a $85.00 price objective on shares of Graco in a research note on Monday, April 27th. Robert W. Baird lowered their target price on Graco from $96.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Finally, Jefferies Financial Group upped their target price on Graco from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Graco has a consensus rating of “Hold” and an average price target of $94.25.

Graco Profile

Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco’s solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company’s product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.