Graco Inc. (NYSE:GGG) Shares Acquired by Sei Investments Co.

Sei Investments Co. grew its position in shares of Graco Inc. (NYSE:GGG - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 241,962 shares of the industrial products company's stock after buying an additional 34,794 shares during the period. Sei Investments Co. owned about 0.14% of Graco worth $20,395,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in Graco during the fourth quarter worth $25,000. Brooklyn Investment Group acquired a new stake in shares of Graco during the third quarter worth $30,000. TD Private Client Wealth LLC lifted 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 worth $30,000 after buying an additional 190 shares during the last quarter. National Pension Service bought a new position in Graco in the fourth quarter worth about $34,000. Finally, Whipplewood Advisors LLC acquired a new position in Graco during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 93.88% of the company's stock.

Graco Trading Down 1.3 %

GGG traded down $1.09 on Friday, reaching $83.35. The company had a trading volume of 583,930 shares, compared to its average volume of 779,448. The company has a market capitalization of $14.01 billion, a P/E ratio of 29.56, a PEG ratio of 2.85 and a beta of 0.83. The company has a fifty day moving average of $85.03 and a 200-day moving average of $85.64. Graco Inc. has a one year low of $77.49 and a one year high of $93.25.

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

Graco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be paid 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 is presently 39.01%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Graco from $93.00 to $97.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. BNP Paribas upgraded shares of Graco from a "neutral" rating to an "outperform" rating and set a $105.00 price target on the stock in a research note on Thursday, December 19th. Finally, DA Davidson set a $85.00 price objective on Graco in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.