Charles Schwab Investment Management Inc. Has $88.92 Million Stock Position in Graco Inc. (NYSE:GGG)

Charles Schwab Investment Management Inc. increased its position in Graco Inc. (NYSE:GGG - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,054,966 shares of the industrial products company's stock after purchasing an additional 19,545 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.62% of Graco worth $88,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in Graco by 1,784.4% in the fourth quarter. Jones Financial Companies Lllp now owns 14,265 shares of the industrial products company's stock worth $1,202,000 after purchasing an additional 13,508 shares during the period. Bridges Investment Management Inc. grew its position in shares of Graco by 3.2% during the 4th quarter. Bridges Investment Management Inc. now owns 123,965 shares of the industrial products company's stock worth $10,449,000 after buying an additional 3,845 shares during the period. BlueStem Wealth Partners LLC acquired a new position in shares of Graco during the 4th quarter worth about $261,000. Metis Global Partners LLC grew its position in shares of Graco by 3.8% during the 4th quarter. Metis Global Partners LLC now owns 6,968 shares of the industrial products company's stock worth $587,000 after buying an additional 254 shares during the period. Finally, US Bancorp DE grew its position in shares of Graco by 0.5% during the 4th quarter. US Bancorp DE now owns 225,127 shares of the industrial products company's stock worth $18,976,000 after buying an additional 1,230 shares during the period. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GGG shares. DA Davidson set a $85.00 target price on Graco in a research report on Friday, January 31st. Royal Bank of Canada boosted their target price on Graco from $93.00 to $97.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, BNP Paribas upgraded Graco from a "neutral" rating to an "outperform" rating and set a $105.00 price objective for the company in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $93.00.

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Graco Stock Performance

Shares of GGG opened at $87.60 on Monday. The stock has a 50 day simple moving average of $84.83 and a 200 day simple moving average of $85.42. Graco Inc. has a 52-week low of $77.49 and a 52-week high of $94.77. 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.

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

Graco Dividend Announcement

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

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.

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