Aigen Investment Management LP Has $1.27 Million Position in Graco Inc. (NYSE:GGG)

Aigen Investment Management LP lessened its position in shares of Graco Inc. (NYSE:GGG - Free Report) by 42.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,488 shares of the industrial products company's stock after selling 10,877 shares during the quarter. Aigen Investment Management LP's holdings in Graco were worth $1,268,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Graco by 2.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 328,306 shares of the industrial products company's stock valued at $28,730,000 after purchasing an additional 8,485 shares during the period. WealthPlan Investment Management LLC raised its stake in Graco by 5.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 124,131 shares of the industrial products company's stock valued at $10,863,000 after acquiring an additional 6,169 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Graco by 498.2% during the third quarter. Venturi Wealth Management LLC now owns 1,687 shares of the industrial products company's stock valued at $148,000 after purchasing an additional 1,405 shares during the period. Covestor Ltd boosted its position in shares of Graco by 17.6% during the third quarter. Covestor Ltd now owns 2,454 shares of the industrial products company's stock valued at $215,000 after buying an additional 368 shares during the last quarter. Finally, Atria Investments Inc increased its stake in Graco by 17.6% in the 3rd quarter. Atria Investments Inc now owns 18,053 shares of the industrial products company's stock worth $1,580,000 after acquiring an additional 2,708 shares during the last quarter. Institutional investors and hedge funds own 93.88% of the company's stock.

Insider Buying and Selling

In other news, insider David J. Thompson sold 3,216 shares of Graco stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $88.31, for a total value of $284,004.96. Following the completion of the sale, the insider now directly owns 27,246 shares of the company's stock, valued at approximately $2,406,094.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.63% of the company's stock.

Graco Trading Down 1.0 %

NYSE:GGG traded down $0.93 during mid-day trading on Tuesday, hitting $88.15. The stock had a trading volume of 872,615 shares, compared to its average volume of 731,140. The company has a 50 day simple moving average of $84.49 and a 200-day simple moving average of $82.27. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 3.00 and a beta of 0.82. Graco Inc. has a 52 week low of $77.03 and a 52 week high of $94.77.

Graco (NYSE:GGG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.05). Graco had a return on equity of 21.24% and a net margin of 22.87%. The company had revenue of $519.21 million during the quarter, compared to analyst estimates of $538.19 million. During the same period in the prior year, the firm earned $0.76 earnings per share. Graco's revenue was down 3.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Graco Inc. will post 2.92 earnings per share for the current year.

Graco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st were paid a $0.255 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $1.02 annualized dividend and a yield of 1.16%. Graco's dividend payout ratio is presently 36.04%.

Analysts Set New Price Targets

GGG has been the subject of several research analyst reports. Royal Bank of Canada lowered their price target on Graco from $96.00 to $93.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Robert W. Baird decreased their target price on Graco from $88.00 to $85.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Finally, DA Davidson restated a "neutral" rating and set a $79.00 target price on shares of Graco in a report on Friday, September 27th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Graco presently has an average rating of "Hold" and a consensus target price of $89.25.

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.