Capital Fund Management S.A. Lowers Position in Graco Inc. (NYSE:GGG)

Capital Fund Management S.A. cut its stake in Graco Inc. (NYSE:GGG - Free Report) by 50.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,441 shares of the industrial products company's stock after selling 61,706 shares during the quarter. Capital Fund Management S.A.'s holdings in Graco were worth $5,095,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. FMR LLC increased its stake in Graco by 33.7% in the 3rd quarter. FMR LLC now owns 32,418 shares of the industrial products company's stock valued at $2,837,000 after buying an additional 8,166 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Graco by 32.7% in the third quarter. Orion Portfolio Solutions LLC now owns 14,410 shares of the industrial products company's stock valued at $1,261,000 after acquiring an additional 3,549 shares in the last quarter. MML Investors Services LLC increased its position in shares of Graco by 5.4% during the third quarter. MML Investors Services LLC now owns 7,476 shares of the industrial products company's stock valued at $654,000 after acquiring an additional 386 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Graco by 23.5% during the third quarter. Toronto Dominion Bank now owns 27,132 shares of the industrial products company's stock worth $2,374,000 after acquiring an additional 5,161 shares during the period. Finally, SkyView Investment Advisors LLC boosted its position in Graco by 2.9% in the third quarter. SkyView Investment Advisors LLC now owns 11,183 shares of the industrial products company's stock worth $979,000 after purchasing an additional 320 shares during the last quarter. Institutional investors own 93.88% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. DA Davidson set a $85.00 price target on shares of Graco in a research report on Friday, January 31st. Royal Bank of Canada increased their target price on shares of Graco from $93.00 to $97.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $93.00.

Graco Stock Performance

NYSE GGG traded up $0.17 during trading on Friday, hitting $78.59. 658,830 shares of the company's stock traded hands, compared to its average volume of 810,939. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.85 and a beta of 0.92. The business has a 50 day moving average of $83.03 and a 200-day moving average of $84.90. Graco Inc. has a 12-month low of $72.06 and a 12-month high of $92.86.

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

Graco Announces Dividend

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

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.