International Assets Investment Management LLC Acquires Shares of 3,210 Graco Inc. (NYSE:GGG)

International Assets Investment Management LLC acquired a new stake in shares of Graco Inc. (NYSE:GGG) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,210 shares of the industrial products company’s stock, valued at approximately $278,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in Graco during the 4th quarter valued at approximately $28,000. Fortitude Family Office LLC acquired a new position in shares of Graco in the 4th quarter valued at $29,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Graco by 3,063.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 601 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 582 shares during the period. Larson Financial Group LLC lifted its stake in shares of Graco by 370.7% in the 3rd quarter. Larson Financial Group LLC now owns 626 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 493 shares during the period. Finally, Private Trust Co. NA lifted its stake in shares of Graco by 298.9% in the 3rd quarter. Private Trust Co. NA now owns 714 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 535 shares during the period. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Angela F. Wordell sold 3,588 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $93.60, for a total value of $335,836.80. Following the completion of the transaction, the vice president now owns 12,725 shares of the company’s stock, valued at $1,191,060. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Timothy R. White sold 2,895 shares of Graco stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $87.49, for a total value of $253,283.55. Following the completion of the transaction, the insider now owns 50,782 shares in the company, valued at $4,442,917.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Angela F. Wordell sold 3,588 shares of Graco stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $93.60, for a total transaction of $335,836.80. Following the completion of the transaction, the vice president now owns 12,725 shares of the company’s stock, valued at approximately $1,191,060. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,378 shares of company stock valued at $4,376,528. 2.63% of the stock is currently owned by company insiders.

Graco Stock Performance

Shares of NYSE GGG opened at $82.56 on Friday. The firm has a market cap of $13.96 billion, a PE ratio of 28.47, a PEG ratio of 2.65 and a beta of 0.81. The firm has a fifty day moving average of $91.03 and a 200 day moving average of $84.96. Graco Inc. has a one year low of $69.78 and a one year high of $94.77.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.09). Graco had a net margin of 23.15% and a return on equity of 23.01%. The business had revenue of $492.19 million during the quarter, compared to analysts’ expectations of $536.19 million. During the same period in the previous year, the business posted $0.74 EPS. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, equities analysts predict that Graco Inc. will post 3.14 EPS for the current fiscal year.

Graco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, April 12th. Graco’s payout ratio is 35.17%.

Wall Street Analyst Weigh In

GGG has been the subject of several analyst reports. Jefferies Financial Group boosted their target price on shares of Graco from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Royal Bank of Canada boosted their target price on shares of Graco from $91.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. William Blair reiterated a “market perform” rating on shares of Graco in a research note on Friday. StockNews.com lowered shares of Graco from a “buy” rating to a “hold” rating in a report on Friday. Finally, Robert W. Baird cut their price target on shares of Graco from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Friday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.25.

Graco Company Profile

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.