Fiera Capital Corp Has $493.93 Million Stock Position in Graco Inc. (NYSE:GGG)

Fiera Capital Corp decreased its position in Graco Inc. (NYSE:GGG - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,859,916 shares of the industrial products company's stock after selling 281,860 shares during the period. Graco comprises 1.6% of Fiera Capital Corp's portfolio, making the stock its 17th largest holding. Fiera Capital Corp owned 3.47% of Graco worth $493,932,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of Graco in the fourth quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new position in shares of Graco in the third quarter valued at approximately $30,000. Eastern Bank acquired a new position in shares of Graco in the third quarter valued at approximately $59,000. MilWealth Group LLC acquired a new position in shares of Graco in the fourth quarter valued at approximately $63,000. Finally, Northwest Investment Counselors LLC acquired a new position in Graco during the third quarter worth approximately $67,000. Hedge funds and other institutional investors own 93.88% of the company's stock.

Insiders Place Their Bets

In related news, EVP Kathryn L. Schoenrock sold 1,527 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $90.30, for a total value of $137,888.10. Following the sale, the executive vice president now owns 6,374 shares of the company's stock, valued at $575,572.20. This trade represents a 19.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Caroline M. Chambers sold 8,280 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $90.57, for a total transaction of $749,919.60. Following the completion of the sale, the insider now directly owns 57,612 shares in the company, valued at approximately $5,217,918.84. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

Graco Trading Down 0.3 %

NYSE GGG traded down $0.22 during trading hours on Friday, reaching $85.84. 601,270 shares of the company traded hands, compared to its average volume of 798,662. Graco Inc. has a 12 month low of $77.49 and a 12 month high of $94.77. The stock has a market capitalization of $14.49 billion, a PE ratio of 30.44, a PEG ratio of 2.75 and a beta of 0.84. The company has a 50 day moving average of $84.88 and a two-hundred day moving average of $84.80.

Graco (NYSE:GGG - Get Free Report) last posted 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, equities research analysts anticipate that Graco Inc. will post 3.07 earnings per share for the current year.

Graco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.28%. Graco's dividend payout ratio (DPR) is 39.01%.

Analyst Ratings Changes

GGG has been the subject of several research analyst reports. BNP Paribas raised shares of Graco from a "neutral" rating to an "outperform" rating and set a $105.00 price target for the company in a research report on Thursday, December 19th. Royal Bank of Canada upped their price target on shares of Graco from $93.00 to $97.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, Robert W. Baird dropped their price target on shares of Graco from $88.00 to $85.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Graco presently has a consensus rating of "Hold" and a consensus price target of $91.50.

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.