Pictet Asset Management Holding SA Has $8.52 Million Holdings in Graco Inc. (NYSE:GGG)

Pictet Asset Management Holding SA grew its stake in Graco Inc. (NYSE:GGG - Free Report) by 18.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,103 shares of the industrial products company's stock after purchasing an additional 15,806 shares during the period. Pictet Asset Management Holding SA owned about 0.06% of Graco worth $8,522,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in Graco during the fourth quarter valued at about $25,000. TD Private Client Wealth LLC grew its holdings in shares of Graco by 118.0% during the 4th quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company's stock worth $30,000 after purchasing an additional 190 shares in the last quarter. National Pension Service bought a new stake in shares of Graco during the fourth quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new position in shares of Graco in the fourth quarter valued at $37,000. Finally, Brooklyn Investment Group lifted its position in 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 purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 93.88% of the company's stock.

Graco Stock Performance

Shares of NYSE GGG traded down $1.36 during mid-day trading on Monday, hitting $74.41. 1,687,213 shares of the stock were exchanged, compared to its average volume of 791,530. Graco Inc. has a twelve month low of $72.06 and a twelve month high of $93.01. The stock's fifty day simple moving average is $84.39 and its two-hundred day simple moving average is $85.50. The company has a market cap of $12.51 billion, a P/E ratio of 26.39, a PEG ratio of 2.85 and a beta of 0.92.

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Graco (NYSE:GGG - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The industrial products company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.13). Graco had a net margin of 23.00% and a return on equity of 19.38%. As a group, equities research analysts predict that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Graco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be given a dividend of $0.275 per share. The ex-dividend date is Monday, April 14th. This represents a $1.10 annualized dividend and a yield of 1.48%. Graco's dividend payout ratio (DPR) is 39.01%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GGG. BNP Paribas raised shares of Graco from a "neutral" rating to an "outperform" rating and set a $105.00 price target on the stock in a report on Thursday, December 19th. DA Davidson set a $85.00 target price on Graco in a report on Friday, January 31st. Finally, Royal Bank of Canada boosted their price target on Graco from $93.00 to $97.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Graco currently has a consensus rating of "Hold" and an average target price of $93.00.

Graco 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.