BlackRock Inc. raised its stake in Graco Inc. (NYSE:GGG) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,423,083 shares of the industrial products company’s stock after buying an additional 420,393 shares during the period. BlackRock Inc. owned about 8.61% of Graco worth $659,424,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GGG. Bank of Montreal Can increased its holdings in shares of Graco by 28.4% in the 4th quarter. Bank of Montreal Can now owns 136,641 shares of the industrial products company’s stock worth $6,179,000 after buying an additional 30,233 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Graco by 207.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 952,411 shares of the industrial products company’s stock worth $43,069,000 after buying an additional 642,322 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Graco in the 4th quarter worth $556,000. SG Americas Securities LLC increased its holdings in shares of Graco by 1,076.1% in the 4th quarter. SG Americas Securities LLC now owns 33,459 shares of the industrial products company’s stock worth $1,513,000 after buying an additional 30,614 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Graco by 749.4% in the 4th quarter. APG Asset Management N.V. now owns 453,600 shares of the industrial products company’s stock worth $17,082,000 after buying an additional 400,200 shares during the last quarter. 85.98% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. ValuEngine lowered shares of Graco from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Zacks Investment Research raised shares of Graco from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Saturday, February 3rd. Finally, DA Davidson assumed coverage on shares of Graco in a report on Thursday, April 12th. They issued a “neutral” rating and a $48.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Graco has a consensus rating of “Hold” and an average target price of $47.30.

In other Graco news, VP Jeffrey P. Johnson sold 90,000 shares of the firm’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $47.06, for a total value of $4,235,400.00. Following the sale, the vice president now owns 48,971 shares of the company’s stock, valued at approximately $2,304,575.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William J. Carroll sold 26,625 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $46.67, for a total transaction of $1,242,588.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 373,829 shares of company stock worth $17,080,657. 5.10% of the stock is owned by insiders.

Graco opened at $45.40 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.60 and a current ratio of 2.55. Graco Inc. has a 52 week low of $34.89 and a 52 week high of $49.69. The firm has a market cap of $7.65 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15.

Graco (NYSE:GGG) last released its earnings results on Wednesday, April 25th. The industrial products company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.07. Graco had a net margin of 17.99% and a return on equity of 41.12%. The company had revenue of $406.30 million for the quarter, compared to analyst estimates of $369.61 million. During the same quarter last year, the firm earned $1.05 EPS. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. research analysts expect that Graco Inc. will post 1.89 earnings per share for the current year.

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. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.

Want to see what other hedge funds are holding GGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graco Inc. (NYSE:GGG).

Institutional Ownership by Quarter for Graco (NYSE:GGG)

Receive News & Ratings for Graco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graco and related companies with MarketBeat.com's FREE daily email newsletter.