Intech Investment Management LLC Has $5.39 Million Stake in Graco Inc. (NYSE:GGG)

Intech Investment Management LLC increased its stake in shares of Graco Inc. (NYSE:GGG - Free Report) by 39.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,975 shares of the industrial products company's stock after buying an additional 18,059 shares during the quarter. Intech Investment Management LLC's holdings in Graco were worth $5,392,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR bought a new position in shares of Graco during the fourth quarter worth about $2,721,000. Carlson Capital Management grew its position in Graco by 0.8% in the 4th quarter. Carlson Capital Management now owns 26,699 shares of the industrial products company's stock worth $2,250,000 after purchasing an additional 200 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Graco by 58.1% in the fourth quarter. William Blair Investment Management LLC now owns 397,303 shares of the industrial products company's stock valued at $33,489,000 after purchasing an additional 146,042 shares during the period. Gitterman Wealth Management LLC bought a new stake in shares of Graco during the fourth quarter valued at approximately $207,000. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Graco by 8.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,239 shares of the industrial products company's stock worth $442,000 after buying an additional 411 shares during the period. 93.88% of the stock is owned by institutional investors and hedge funds.

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Graco Stock Performance

Shares of GGG stock traded down $1.15 during mid-day trading on Friday, hitting $82.13. 2,288,403 shares of the stock traded hands, compared to its average volume of 735,362. The firm has a market cap of $13.81 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 2.85 and a beta of 0.83. The company's 50-day simple moving average is $85.00 and its 200-day simple moving average is $85.51. Graco Inc. has a twelve month low of $77.49 and a twelve month high of $94.48.

Graco (NYSE:GGG - Get Free Report) last issued its quarterly earnings results 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%. Analysts forecast that Graco Inc. will post 3.06 earnings per share for the current year.

Graco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Monday, April 14th. Graco's payout ratio is 39.01%.

Analysts Set New Price Targets

Several research firms recently commented on GGG. DA Davidson set a $85.00 target price on Graco in a research report on Friday, January 31st. Royal Bank of Canada raised their price target on Graco from $93.00 to $97.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Finally, BNP Paribas raised shares of Graco from a "neutral" rating to an "outperform" rating and set a $105.00 price objective for the company in a report on Thursday, December 19th. Four 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, Graco currently has a consensus rating of "Hold" and an average 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.