Snyder Capital Management L P grew its position in Graco Inc. (NYSE:GGG - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 896,343 shares of the industrial products company's stock after purchasing an additional 121,985 shares during the period. Graco comprises about 1.6% of Snyder Capital Management L P's portfolio, making the stock its 24th largest position. Snyder Capital Management L P owned approximately 0.53% of Graco worth $75,553,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Stonebridge Capital Advisors LLC boosted its holdings in shares of Graco by 5.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 40,398 shares of the industrial products company's stock valued at $3,405,000 after buying an additional 1,916 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Graco by 24.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 6,387 shares of the industrial products company's stock worth $538,000 after buying an additional 1,261 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Graco by 77.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 28,198 shares of the industrial products company's stock worth $2,377,000 after buying an additional 12,340 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Graco by 48.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,497,164 shares of the industrial products company's stock worth $126,196,000 after buying an additional 486,277 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Graco by 4.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 109,459 shares of the industrial products company's stock valued at $9,227,000 after buying an additional 4,948 shares during the last quarter. Institutional investors own 93.88% of the company's stock.
Analyst Upgrades and Downgrades
GGG has been the subject of a number of research analyst reports. DA Davidson set a $85.00 price objective on Graco in a report on Friday, January 31st. 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $93.00.
View Our Latest Analysis on GGG
Graco Stock Performance
Shares of GGG stock opened at $80.38 on Friday. Graco Inc. has a fifty-two week low of $72.06 and a fifty-two week high of $92.86. The company has a market cap of $13.51 billion, a PE ratio of 28.50, a P/E/G ratio of 2.85 and a beta of 0.92. The stock's fifty day moving average price is $82.47 and its two-hundred day moving average price is $84.70.
Graco (NYSE:GGG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. Graco had a return on equity of 19.38% and a net margin of 23.00%. The firm had revenue of $528.28 million for the quarter, compared to analysts' expectations of $526.98 million. On average, equities analysts predict that Graco Inc. will post 3.06 EPS for the current fiscal year.
Graco Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be issued a $0.275 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.10 dividend on an annualized basis and a yield of 1.37%. Graco's payout ratio is presently 39.01%.
About Graco
(
Free Report)
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.
Further Reading
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