Natixis Advisors LLC Has $18.26 Million Holdings in Graco Inc. (NYSE:GGG)

Natixis Advisors LLC grew its stake in Graco Inc. (NYSE:GGG - Free Report) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,662 shares of the industrial products company's stock after purchasing an additional 21,129 shares during the quarter. Natixis Advisors LLC owned approximately 0.13% of Graco worth $18,262,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new position in Graco during the 4th quarter worth $25,000. Brooklyn Investment Group acquired a new position in shares of Graco in the third quarter valued at about $30,000. National Pension Service bought a new position in Graco during the fourth quarter worth about $34,000. Whipplewood Advisors LLC acquired a new stake in Graco in the 4th quarter worth about $37,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Graco in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 93.88% of the company's stock.

Graco Price Performance

GGG traded down $1.15 during trading on Friday, hitting $82.13. 2,288,403 shares of the stock traded hands, compared to its average volume of 734,790. The business has a 50 day moving average price of $85.00 and a 200 day moving average price of $85.48. Graco Inc. has a twelve month low of $77.49 and a twelve month high of $94.69. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 2.85 and a beta of 0.83.

Graco (NYSE:GGG - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The industrial products company reported $0.64 earnings per share 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%. On average, equities research analysts predict that Graco Inc. will post 3.06 earnings per share for the current year.

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Graco Dividend Announcement

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 given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Monday, April 14th. Graco's dividend payout ratio (DPR) is currently 39.01%.

Analysts Set New Price Targets

Several research analysts have recently commented on GGG shares. DA Davidson set a $85.00 target price on shares of Graco in a report on Friday, January 31st. BNP Paribas upgraded Graco from a "neutral" rating to an "outperform" rating and set a $105.00 price objective on the stock in a research note on Thursday, December 19th. Finally, Royal Bank of Canada upped their target price on Graco from $93.00 to $97.00 and gave the company 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 given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.