Jump Financial LLC Sells 24,030 Shares of Graco Inc. (NYSE:GGG)

Jump Financial LLC cut its holdings in shares of Graco Inc. (NYSE:GGG - Free Report) by 82.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the industrial products company's stock after selling 24,030 shares during the period. Jump Financial LLC's holdings in Graco were worth $421,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new stake in shares of Graco during the 4th quarter worth $25,000. TD Private Client Wealth LLC boosted its position in shares of Graco by 118.0% in the 4th quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 190 shares during the period. National Pension Service acquired a new stake in Graco during the 4th quarter worth about $34,000. Whipplewood Advisors LLC purchased a new stake in Graco during the fourth quarter valued at about $37,000. Finally, Brooklyn Investment Group boosted its holdings in shares of Graco by 39.1% in the fourth quarter. Brooklyn Investment Group now owns 484 shares of the industrial products company's stock worth $41,000 after buying an additional 136 shares during the period. 93.88% of the stock is currently owned by institutional investors.

Graco Trading Up 0.2 %

NYSE GGG traded up $0.17 on Tuesday, reaching $81.49. The stock had a trading volume of 500,360 shares, compared to its average volume of 816,457. Graco Inc. has a 1 year low of $72.06 and a 1 year high of $92.86. The business has a 50 day moving average price of $82.24 and a 200 day moving average price of $84.63. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 2.85 and a beta of 0.92.

Graco (NYSE:GGG - Get Free Report) last released 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. Graco had a net margin of 23.00% and a return on equity of 19.38%. The business had revenue of $528.28 million for the quarter, compared to the consensus estimate of $526.98 million. During the same quarter last year, the firm earned $0.65 EPS. Graco's revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts anticipate that Graco Inc. will post 3.06 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.10 annualized dividend and a yield of 1.35%. Graco's dividend payout ratio (DPR) is currently 38.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. DA Davidson set a $85.00 price objective on shares of Graco in a research report on Friday, January 31st. 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 report on Friday, January 3rd. Three 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 currently has an average rating of "Hold" and an average target price of $93.00.

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.