Graco Inc. (NYSE:GGG) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Graco Inc. (NYSE:GGGGet Rating) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 401,400 shares of the industrial products company’s stock after selling 500 shares during the quarter. Swiss National Bank owned about 0.24% of Graco worth $23,847,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. National Asset Management Inc. lifted its position in Graco by 87.8% in the first quarter. National Asset Management Inc. now owns 6,232 shares of the industrial products company’s stock valued at $435,000 after buying an additional 2,913 shares during the last quarter. Vontobel Holding Ltd. lifted its position in Graco by 19.5% in the second quarter. Vontobel Holding Ltd. now owns 11,518 shares of the industrial products company’s stock valued at $688,000 after buying an additional 1,882 shares during the last quarter. M&T Bank Corp lifted its position in Graco by 12.3% in the second quarter. M&T Bank Corp now owns 40,673 shares of the industrial products company’s stock valued at $2,405,000 after buying an additional 4,449 shares during the last quarter. Xponance Inc. lifted its position in Graco by 7.9% in the second quarter. Xponance Inc. now owns 31,592 shares of the industrial products company’s stock valued at $1,877,000 after buying an additional 2,323 shares during the last quarter. Finally, Hosking Partners LLP lifted its position in Graco by 3.0% in the first quarter. Hosking Partners LLP now owns 195,775 shares of the industrial products company’s stock valued at $13,649,000 after buying an additional 5,772 shares during the last quarter. Institutional investors and hedge funds own 86.47% of the company’s stock.

Graco Stock Down 1.0 %

GGG stock opened at $69.94 on Thursday. The company’s 50 day moving average price is $64.44 and its 200 day moving average price is $63.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.91 and a current ratio of 2.99. Graco Inc. has a fifty-two week low of $56.48 and a fifty-two week high of $81.09. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 3.34 and a beta of 0.81.

Graco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 2nd. Investors of record on Monday, October 17th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, October 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.20%. Graco’s payout ratio is 32.06%.

Wall Street Analysts Forecast Growth

GGG has been the topic of several research reports. Royal Bank of Canada increased their price target on shares of Graco from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com cut shares of Graco from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, DA Davidson reduced their price target on shares of Graco to $70.00 in a research report on Tuesday, August 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.50.

About Graco

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Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; equipment that pumps, meters, mixes and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems and applicators, and precision dispensing solutions.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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