Graco Inc. $GGG Shares Bought by Tredje AP fonden

Tredje AP fonden raised its position in Graco Inc. (NYSE:GGG) by 5,238.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,574 shares of the industrial products company’s stock after acquiring an additional 14,301 shares during the quarter. Tredje AP fonden’s holdings in Graco were worth $1,195,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC boosted its holdings in Graco by 32.7% in the 4th quarter. AE Wealth Management LLC now owns 398,336 shares of the industrial products company’s stock worth $32,652,000 after buying an additional 98,141 shares during the last quarter. Raiffeisen Bank International AG boosted its holdings in Graco by 191.8% in the 3rd quarter. Raiffeisen Bank International AG now owns 8,809 shares of the industrial products company’s stock worth $744,000 after buying an additional 5,790 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in Graco by 40.5% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 45,544 shares of the industrial products company’s stock worth $3,869,000 after buying an additional 13,130 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Graco in the 4th quarter worth about $3,527,000. Finally, Principal Financial Group Inc. boosted its holdings in Graco by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,458,857 shares of the industrial products company’s stock worth $208,908,000 after buying an additional 75,285 shares during the last quarter. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GGG. Robert W. Baird lowered their price objective on Graco from $96.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. DA Davidson restated a “neutral” rating and set a $85.00 target price on shares of Graco in a report on Monday, April 27th. Weiss Ratings cut Graco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. KeyCorp restated a “sector weight” rating on shares of Graco in a report on Tuesday, January 27th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $95.00 target price on shares of Graco in a report on Friday, April 24th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Graco currently has a consensus rating of “Hold” and a consensus target price of $94.25.

Graco Stock Performance

GGG opened at $75.34 on Thursday. The stock has a market capitalization of $12.50 billion, a PE ratio of 24.54, a P/E/G ratio of 2.42 and a beta of 0.96. Graco Inc. has a one year low of $74.39 and a one year high of $95.69. The business’s 50 day moving average price is $83.20 and its 200 day moving average price is $85.04.

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

Insider Transactions at Graco

In other news, Director Andrea Helen Simon bought 1,240 shares of the business’s stock in a transaction on Monday, April 27th. The shares were bought at an average price of $80.53 per share, with a total value of $99,857.20. Following the completion of the transaction, the director directly owned 1,240 shares in the company, valued at $99,857.20. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.18% of the stock is currently owned by insiders.

Graco Company 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.