Whittier Trust Co. of Nevada Inc. Has $7.39 Million Stake in Graco Inc. (NYSE:GGG)

Whittier Trust Co. of Nevada Inc. lifted its position in Graco Inc. (NYSE:GGG - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,627 shares of the industrial products company's stock after buying an additional 4,136 shares during the period. Whittier Trust Co. of Nevada Inc. owned about 0.05% of Graco worth $7,386,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GGG. Golden State Wealth Management LLC acquired a new position in Graco in the fourth quarter valued at about $25,000. Brooklyn Investment Group acquired a new position in shares of Graco in the 3rd quarter valued at approximately $30,000. National Pension Service acquired a new position in shares of Graco in the 4th quarter valued at approximately $34,000. Whipplewood Advisors LLC bought a new stake in Graco during the 4th quarter worth approximately $37,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Graco during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 93.88% of the company's stock.

Graco Trading Up 0.5 %

Shares of NYSE GGG traded up $0.38 during midday trading on Tuesday, reaching $84.24. The company's stock had a trading volume of 640,755 shares, compared to its average volume of 735,676. The stock has a 50 day simple moving average of $85.04 and a 200-day simple moving average of $85.56. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 2.85 and a beta of 0.83. Graco Inc. has a fifty-two week low of $77.49 and a fifty-two week high of $94.48.

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Graco (NYSE:GGG - Get Free Report) last issued its quarterly earnings results 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%. As a group, equities analysts anticipate that Graco Inc. will post 3.06 EPS for the current year.

Graco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be issued 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 1.31%. Graco's payout ratio is presently 39.01%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Graco from $93.00 to $97.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. BNP Paribas raised shares of Graco from a "neutral" rating to an "outperform" rating and set a $105.00 target price for the company in a research note on Thursday, December 19th. Finally, DA Davidson set a $85.00 target price on Graco in a 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, Graco presently has an average rating of "Hold" and a consensus 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.