Mutual of America Capital Management LLC increased its position in Graco Inc. (NYSE:GGG) by 0.6% during the first quarter, Holdings Channel reports. The firm owned 43,916 shares of the industrial products company’s stock after buying an additional 242 shares during the period. Mutual of America Capital Management LLC’s holdings in Graco were worth $4,134,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in GGG. Creative Planning raised its stake in shares of Graco by 5.4% in the first quarter. Creative Planning now owns 1,496 shares of the industrial products company’s stock worth $141,000 after buying an additional 76 shares during the period. Mosaic Family Wealth LLC raised its stake in shares of Graco by 13.0% in the third quarter. Mosaic Family Wealth LLC now owns 1,727 shares of the industrial products company’s stock worth $128,000 after buying an additional 199 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Graco by 425.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,100 shares of the industrial products company’s stock worth $198,000 after buying an additional 1,700 shares during the period. Park National Corp OH bought a new stake in shares of Graco during the first quarter worth about $203,000. Finally, Suntrust Banks Inc. bought a new stake in shares of Graco during the first quarter worth about $239,000. 88.67% of the stock is currently owned by institutional investors.
Graco Inc. (NYSE:GGG) traded up 0.33% on Friday, reaching $110.55. The company had a trading volume of 310,262 shares. The firm has a 50 day moving average price of $101.46 and a 200-day moving average price of $90.36. Graco Inc. has a 12 month low of $69.33 and a 12 month high of $111.69. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 103.12 and a beta of 1.27.
Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.30. The business had revenue of $340.59 million for the quarter, compared to the consensus estimate of $315.62 million. Graco had a return on equity of 31.04% and a net margin of 3.06%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS. Analysts forecast that Graco Inc. will post $4.15 earnings per share for the current fiscal year.
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A number of brokerages have recently issued reports on GGG. Royal Bank of Canada reaffirmed a “hold” rating and set a $104.00 target price on shares of Graco in a research report on Friday, April 28th. TheStreet raised Graco from a “c+” rating to a “b+” rating in a research report on Thursday, April 27th. Zacks Investment Research raised Graco from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Friday, February 3rd. Finally, Wunderlich lowered Graco from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Wednesday, February 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $92.00.
In related news, Director Eric Etchart sold 302 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $98.20, for a total transaction of $29,656.40. Following the sale, the director now owns 8,917 shares of the company’s stock, valued at approximately $875,649.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elena Polyakova sold 360,000 shares of the firm’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $0.12, for a total value of $43,200.00. Insiders have sold a total of 604,956 shares of company stock worth $13,822,472 in the last ninety days. 5.60% of the stock is currently owned by company insiders.
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.
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