Canada Post Corp Registered Pension Plan Takes $1.48 Million Position in Graco Inc. (NYSE:GGG)

Canada Post Corp Registered Pension Plan acquired a new stake in 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 acquired 17,535 shares of the industrial products company's stock, valued at approximately $1,478,000.

A number of other large investors also recently bought and sold shares of GGG. Institute for Wealth Management LLC. increased its stake in shares of Graco by 2.5% during the fourth quarter. Institute for Wealth Management LLC. now owns 4,860 shares of the industrial products company's stock worth $410,000 after acquiring an additional 119 shares during the period. Albert D Mason Inc. boosted its holdings in Graco by 0.4% in the 4th quarter. Albert D Mason Inc. now owns 27,923 shares of the industrial products company's stock valued at $2,354,000 after purchasing an additional 121 shares in the last quarter. Optas LLC increased its position in Graco by 4.0% during the 4th quarter. Optas LLC now owns 3,360 shares of the industrial products company's stock worth $283,000 after purchasing an additional 128 shares during the period. Brooklyn Investment Group raised its stake in shares of Graco by 39.1% during the 4th quarter. Brooklyn Investment Group now owns 484 shares of the industrial products company's stock worth $41,000 after buying an additional 136 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of Graco by 1.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 14,548 shares of the industrial products company's stock valued at $1,226,000 after buying an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 93.88% of the company's stock.

Graco Price Performance

GGG traded up $0.17 during trading on Friday, reaching $78.59. 658,830 shares of the stock were exchanged, compared to its average volume of 812,239. Graco Inc. has a 1 year low of $72.06 and a 1 year high of $92.86. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 2.85 and a beta of 0.92. The business's 50 day moving average price is $83.03 and its two-hundred day moving average price is $84.88.

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 net margin of 23.00% and a return on equity of 19.38%. On average, analysts anticipate that Graco Inc. will post 3.06 EPS for the current year.

Graco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.40%. Graco's dividend payout ratio (DPR) is 39.01%.

Wall Street Analyst Weigh In

Several research firms have issued reports on GGG. Royal Bank of Canada increased their price objective on Graco from $93.00 to $97.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. DA Davidson set a $85.00 price objective on shares of Graco in a research note on Friday, January 31st. Four equities 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 company presently has a consensus rating of "Hold" and an average target price of $93.00.

About Graco

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.