Callan Family Office LLC Makes New $1.30 Million Investment in Graco Inc. (NYSE:GGG)

Callan Family Office LLC purchased a new position in shares of Graco Inc. (NYSE:GGG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,442 shares of the industrial products company's stock, valued at approximately $1,302,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GGG. Golden State Wealth Management LLC purchased a new position in shares of Graco during the 4th quarter valued at approximately $25,000. Brooklyn Investment Group bought a new position in Graco during the 3rd quarter valued at $30,000. National Pension Service bought a new position in Graco during the 4th quarter valued at $34,000. Whipplewood Advisors LLC acquired a new position in Graco during the 4th quarter worth $37,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Graco in the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 93.88% of the company's stock.

Graco Stock Up 1.4 %

GGG stock traded up $1.24 during midday trading on Friday, reaching $87.60. The company had a trading volume of 944,537 shares, compared to its average volume of 825,903. The firm has a market capitalization of $14.85 billion, a PE ratio of 31.06, a P/E/G ratio of 2.85 and a beta of 0.83. The stock has a 50 day moving average price of $84.83 and a 200 day moving average price of $85.39. Graco Inc. has a fifty-two week low of $77.49 and a fifty-two week high of $94.77.

Graco (NYSE:GGG - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The industrial products company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.13). Graco had a return on equity of 19.38% and a net margin of 23.00%. Research analysts predict that Graco Inc. will post 3.06 EPS for the current year.

Remove Ads

Graco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be given a $0.275 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.10 annualized dividend and a yield of 1.26%. Graco's dividend payout ratio is presently 39.01%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price target on Graco from $93.00 to $97.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. BNP Paribas upgraded Graco from a "neutral" rating to an "outperform" rating and set a $105.00 target price for the company in a research report on Thursday, December 19th. Finally, DA Davidson set a $85.00 price target on Graco in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $93.00.

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.