Montanaro Asset Management Ltd Makes New Investment in Graco Inc. (NYSE:GGG)

Montanaro Asset Management Ltd bought a new position in shares of Graco Inc. (NYSE:GGG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 90,000 shares of the industrial products company's stock, valued at approximately $7,586,000. Graco accounts for approximately 1.6% of Montanaro Asset Management Ltd's portfolio, making the stock its 29th largest holding. Montanaro Asset Management Ltd owned about 0.05% of Graco as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Graco during the 4th quarter worth approximately $25,000. Brooklyn Investment Group purchased a new stake in Graco during the third quarter worth $30,000. TD Private Client Wealth LLC grew its position in Graco by 118.0% during the fourth quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company's stock valued at $30,000 after buying an additional 190 shares during the period. National Pension Service acquired a new stake in Graco during the fourth quarter valued at $34,000. Finally, Whipplewood Advisors LLC purchased a new position in Graco in the fourth quarter valued at $37,000. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

Graco Trading Down 0.2 %

NYSE:GGG traded down $0.20 during trading hours on Monday, hitting $83.22. 133,090 shares of the stock were exchanged, compared to its average volume of 809,132. The firm's fifty day moving average price is $85.03 and its 200 day moving average price is $85.64. Graco Inc. has a 52-week low of $77.49 and a 52-week high of $93.25. The company has a market cap of $13.99 billion, a P/E ratio of 29.51, a P/E/G ratio of 2.85 and a beta of 0.83.

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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%. Equities analysts expect that Graco Inc. will post 3.06 EPS for the current fiscal year.

Graco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Monday, April 14th. Graco's dividend payout ratio (DPR) is 39.01%.

Analysts Set New Price Targets

GGG has been the topic of a number of analyst reports. 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 objective 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 Graco from a "neutral" rating to an "outperform" rating and set a $105.00 target price for the company in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Graco currently has a consensus rating of "Hold" and a consensus price target of $93.00.

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.