XTX Topco Ltd Has $499,000 Holdings in Graco Inc. (NYSE:GGG)

XTX Topco Ltd cut its stake in Graco Inc. (NYSE:GGG - Free Report) by 62.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,922 shares of the industrial products company's stock after selling 9,713 shares during the period. XTX Topco Ltd's holdings in Graco were worth $499,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Institute for Wealth Management LLC. grew its stake in 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 buying an additional 119 shares during the last quarter. Albert D Mason Inc. raised its position 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 during the last quarter. Optas LLC boosted its stake in Graco by 4.0% in the fourth quarter. Optas LLC now owns 3,360 shares of the industrial products company's stock worth $283,000 after purchasing an additional 128 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Graco by 39.1% during the fourth quarter. Brooklyn Investment Group now owns 484 shares of the industrial products company's stock worth $41,000 after purchasing an additional 136 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in shares of Graco by 1.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 14,548 shares of the industrial products company's stock worth $1,226,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 93.88% of the company's stock.

Graco Stock Up 1.8 %

NYSE GGG traded up $1.41 during trading hours on Thursday, hitting $80.38. The company's stock had a trading volume of 1,457,902 shares, compared to its average volume of 819,377. Graco Inc. has a twelve month low of $72.06 and a twelve month high of $92.86. The firm has a market capitalization of $13.51 billion, a P/E ratio of 28.50, a PEG ratio of 2.85 and a beta of 0.92. The stock has a fifty day moving average of $82.58 and a 200 day moving average of $84.73.

Graco (NYSE:GGG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The company had revenue of $528.28 million for the quarter, compared to the consensus estimate of $526.98 million. Graco had a return on equity of 19.38% and a net margin of 23.00%. On average, analysts predict that Graco Inc. will post 3.06 earnings per share for the current year.

Graco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be paid a $0.275 dividend. 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 1.37%. Graco's dividend payout ratio (DPR) is presently 39.01%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GGG shares. DA Davidson set a $85.00 price target on shares of Graco in a research report on Friday, January 31st. Royal Bank of Canada boosted their price objective 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Graco has a consensus rating of "Hold" and a consensus price target of $93.00.

Graco 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.