WealthPlan Investment Management LLC Purchases 6,169 Shares of Graco Inc. (NYSE:GGG)

WealthPlan Investment Management LLC grew its holdings in shares of Graco Inc. (NYSE:GGG - Free Report) by 5.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 124,131 shares of the industrial products company's stock after purchasing an additional 6,169 shares during the period. Graco makes up approximately 1.1% of WealthPlan Investment Management LLC's holdings, making the stock its 26th largest position. WealthPlan Investment Management LLC owned approximately 0.07% of Graco worth $10,863,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GGG. Vident Advisory LLC grew its position in Graco by 567.4% during the 1st quarter. Vident Advisory LLC now owns 42,899 shares of the industrial products company's stock valued at $4,009,000 after purchasing an additional 36,471 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Graco by 14.5% during the first quarter. TD Asset Management Inc now owns 1,440,378 shares of the industrial products company's stock valued at $134,618,000 after buying an additional 182,470 shares during the last quarter. M&G Plc increased its position in shares of Graco by 2.0% during the second quarter. M&G Plc now owns 483,535 shares of the industrial products company's stock valued at $38,199,000 after acquiring an additional 9,673 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Graco by 2.9% during the first quarter. Acadian Asset Management LLC now owns 884,912 shares of the industrial products company's stock valued at $82,683,000 after acquiring an additional 24,827 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Graco by 20.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 92,942 shares of the industrial products company's stock worth $8,686,000 after acquiring an additional 15,480 shares during the last quarter. 93.88% of the stock is owned by institutional investors.

Graco Stock Down 1.0 %

NYSE:GGG traded down $0.85 on Tuesday, hitting $88.23. The stock had a trading volume of 210,064 shares, compared to its average volume of 728,260. The business's 50-day simple moving average is $84.49 and its two-hundred day simple moving average is $82.27. Graco Inc. has a 52-week low of $77.03 and a 52-week high of $94.77. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 3.00 and a beta of 0.82.

Graco (NYSE:GGG - Get Free Report) last announced 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). Graco had a return on equity of 21.24% and a net margin of 22.87%. The company had revenue of $519.21 million during the quarter, compared to the consensus estimate of $538.19 million. During the same period in the prior year, the business posted $0.76 earnings per share. Graco's revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Graco Inc. will post 2.92 EPS for the current year.

Graco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Monday, October 21st were paid a dividend of $0.255 per share. The ex-dividend date was Monday, October 21st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.16%. Graco's dividend payout ratio (DPR) is presently 36.04%.

Insider Buying and Selling

In other news, insider David J. Thompson sold 3,216 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $88.31, for a total transaction of $284,004.96. Following the sale, the insider now directly owns 27,246 shares in the company, valued at $2,406,094.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on GGG. Robert W. Baird cut their target price on Graco from $88.00 to $85.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. 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, Royal Bank of Canada decreased their price objective on shares of Graco from $96.00 to $93.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $89.25.

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.