106,286 Shares in Graco Inc. (NYSE:GGG) Acquired by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. bought a new position in shares of Graco Inc. (NYSE:GGG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 106,286 shares of the industrial products company's stock, valued at approximately $9,301,000. GW Henssler & Associates Ltd. owned approximately 0.06% of Graco as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in GGG. Gradient Investments LLC acquired a new stake in Graco during the 2nd quarter worth $27,000. New Covenant Trust Company N.A. purchased a new stake in shares of Graco in the first quarter valued at about $43,000. UMB Bank n.a. boosted its stake in shares of Graco by 187.8% during the third quarter. UMB Bank n.a. now owns 495 shares of the industrial products company's stock worth $43,000 after buying an additional 323 shares during the period. Blue Trust Inc. grew its holdings in shares of Graco by 220.9% during the second quarter. Blue Trust Inc. now owns 690 shares of the industrial products company's stock worth $55,000 after buying an additional 475 shares during the last quarter. Finally, Tobam increased its position in Graco by 90.2% in the 1st quarter. Tobam now owns 601 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 285 shares during the period. Institutional investors and hedge funds own 93.88% of the company's stock.

Analyst Ratings Changes

GGG has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price objective on Graco from $96.00 to $93.00 and set an "outperform" rating for the company in a research report on Friday. DA Davidson reaffirmed a "neutral" rating and set a $79.00 price target on shares of Graco in a report on Friday, September 27th. Finally, Robert W. Baird lowered their price objective on shares of Graco from $88.00 to $85.00 and set a "neutral" rating on the stock in a research report on Friday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $89.25.

Graco Trading Up 0.1 %

Shares of GGG traded up $0.05 during mid-day trading on Tuesday, hitting $81.50. The company's stock had a trading volume of 736,445 shares, compared to its average volume of 730,771. Graco Inc. has a 1-year low of $73.03 and a 1-year high of $94.77. The firm has a market capitalization of $13.78 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.82 and a beta of 0.81. The firm has a 50-day simple moving average of $83.94 and a 200 day simple moving average of $82.51.

Graco (NYSE:GGG - Get Free Report) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.05). The business had revenue of $519.21 million during the quarter, compared to analyst estimates of $538.19 million. Graco had a net margin of 23.16% and a return on equity of 22.40%. Graco's revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. As a group, sell-side analysts predict that Graco Inc. will post 2.98 EPS for the current fiscal year.

Graco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $1.02 dividend on an annualized basis and a yield of 1.25%. Graco's dividend payout ratio (DPR) is presently 35.17%.

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.