Vestor Capital LLC Maintains Holdings in Graco Inc. (GGG)
Vestor Capital LLC continued to hold its stake in shares of Graco Inc. (NYSE:GGG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,201 shares of the industrial products company’s stock at the close of the second quarter. Vestor Capital LLC’s holdings in Graco were worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in shares of Graco by 106.1% during the second quarter. Advisors Asset Management Inc. now owns 1,123 shares of the industrial products company’s stock valued at $123,000 after buying an additional 578 shares during the period. Fiduciary Trust Co. purchased a new position in shares of Graco during the second quarter valued at approximately $180,000. Mosaic Family Wealth LLC lifted its stake in shares of Graco by 5.1% during the second quarter. Mosaic Family Wealth LLC now owns 1,880 shares of the industrial products company’s stock valued at $205,000 after buying an additional 91 shares during the period. HM Payson & Co. purchased a new position in shares of Graco during the second quarter valued at approximately $207,000. Finally, TLP Group LLC purchased a new position in shares of Graco during the first quarter valued at approximately $193,000. 86.85% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Karen Park Gallivan sold 12,242 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $115.00, for a total transaction of $1,407,830.00. Following the completion of the sale, the vice president now directly owns 27,264 shares in the company, valued at $3,135,360. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David M. Lowe sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $115.50, for a total transaction of $3,465,000.00. Following the sale, the insider now owns 164,809 shares of the company’s stock, valued at $19,035,439.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,242 shares of company stock valued at $4,873,050. 5.70% of the stock is currently owned by corporate insiders.
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Shares of Graco Inc. (NYSE:GGG) traded down 0.60% during trading on Wednesday, reaching $116.53. 31,650 shares of the company traded hands. Graco Inc. has a 12 month low of $69.33 and a 12 month high of $117.97. The firm has a 50-day moving average price of $113.67 and a 200-day moving average price of $105.99. The firm has a market capitalization of $6.53 billion, a PE ratio of 73.94 and a beta of 1.24.
Graco (NYSE:GGG) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.06 by $0.32. The business had revenue of $379.50 million during the quarter, compared to analysts’ expectations of $369.36 million. Graco had a net margin of 6.50% and a return on equity of 40.21%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.89 earnings per share. Equities research analysts anticipate that Graco Inc. will post $4.53 EPS for the current year.
Several equities analysts recently issued reports on GGG shares. Zacks Investment Research raised shares of Graco from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Monday, July 31st. Wolfe Research raised shares of Graco from an “underperform” rating to a “peer perform” rating and set a $100.00 price objective on the stock in a research note on Monday, July 31st. FBR & Co reissued a “marketperform” rating on shares of Graco in a research note on Tuesday, July 11th. Royal Bank Of Canada reissued a “hold” rating on shares of Graco in a research note on Friday, July 28th. Finally, BidaskClub downgraded shares of Graco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $106.20.
Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.
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