Jones Financial Companies Lllp Acquires 13,508 Shares of Graco Inc. (NYSE:GGG)

Jones Financial Companies Lllp raised its stake in Graco Inc. (NYSE:GGG - Free Report) by 1,784.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,265 shares of the industrial products company's stock after buying an additional 13,508 shares during the quarter. Jones Financial Companies Lllp's holdings in Graco were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN raised its position in shares of Graco by 3.4% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 419,942 shares of the industrial products company's stock valued at $36,749,000 after acquiring an additional 13,876 shares during the period. Natixis Advisors LLC increased its stake in Graco by 254.8% in the third quarter. Natixis Advisors LLC now owns 195,533 shares of the industrial products company's stock valued at $17,111,000 after purchasing an additional 140,417 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Graco by 2.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 328,306 shares of the industrial products company's stock worth $28,730,000 after purchasing an additional 8,485 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Graco by 32.0% during the fourth quarter. Allianz Asset Management GmbH now owns 1,545,846 shares of the industrial products company's stock worth $130,298,000 after purchasing an additional 374,967 shares in the last quarter. Finally, PineStone Asset Management Inc. boosted its position in shares of Graco by 2.7% during the fourth quarter. PineStone Asset Management Inc. now owns 2,904,681 shares of the industrial products company's stock worth $244,836,000 after purchasing an additional 76,184 shares in the last quarter. Institutional investors own 93.88% of the company's stock.

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Wall Street Analyst Weigh In

GGG has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on Graco from $93.00 to $97.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. DA Davidson set a $85.00 target price on shares of Graco in a research note on Friday, January 31st. 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 report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $93.00.

Graco Trading Down 2.2 %

Shares of Graco stock traded down $1.94 on Tuesday, reaching $84.85. 721,338 shares of the company were exchanged, compared to its average volume of 828,593. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 2.85 and a beta of 0.83. The company has a 50-day moving average of $84.89 and a 200 day moving average of $85.46. Graco Inc. has a one year low of $77.49 and a one year high of $94.77.

Graco (NYSE:GGG - Get Free Report) last posted its quarterly earnings results 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 return on equity of 19.38% and a net margin of 23.00%. Analysts predict that Graco Inc. will post 3.06 earnings per share for the current year.

Graco Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.30%. The ex-dividend date is Monday, April 14th. Graco's dividend 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.