Signaturefd LLC grew its position in Graco Inc. (NYSE:GGG) by 727.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,235 shares of the industrial products company’s stock after purchasing an additional 1,965 shares during the period. Signaturefd LLC’s holdings in Graco were worth $101,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GGG. Victory Capital Management Inc. acquired a new position in Graco in the 1st quarter worth about $2,859,000. Swiss National Bank increased its holdings in shares of Graco by 2.3% during the 1st quarter. Swiss National Bank now owns 292,500 shares of the industrial products company’s stock valued at $13,373,000 after acquiring an additional 6,600 shares during the last quarter. ING Groep NV acquired a new position in shares of Graco during the 1st quarter valued at about $485,000. Thrivent Financial for Lutherans increased its holdings in shares of Graco by 4.8% during the 1st quarter. Thrivent Financial for Lutherans now owns 38,651 shares of the industrial products company’s stock valued at $1,767,000 after acquiring an additional 1,778 shares during the last quarter. Finally, Neuburgh Advisers LLC increased its holdings in shares of Graco by 21.7% during the 1st quarter. Neuburgh Advisers LLC now owns 18,502 shares of the industrial products company’s stock valued at $846,000 after acquiring an additional 3,300 shares during the last quarter. 85.69% of the stock is currently owned by institutional investors.

In related news, Director Jack W. Eugster sold 32,297 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $46.66, for a total transaction of $1,506,978.02. Following the completion of the sale, the director now owns 103,251 shares in the company, valued at approximately $4,817,691.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Caroline M. Chambers sold 97,500 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $47.10, for a total value of $4,592,250.00. Following the sale, the insider now owns 119,092 shares of the company’s stock, valued at approximately $5,609,233.20. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Graco from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Friday, July 6th. Oppenheimer reissued a “hold” rating on shares of Graco in a report on Thursday, July 26th. DA Davidson set a $49.00 price objective on Graco and gave the company a “hold” rating in a report on Monday, August 20th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $49.00 price objective on shares of Graco in a report on Friday, July 27th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $49.17.

Shares of NYSE GGG opened at $48.15 on Monday. Graco Inc. has a 52 week low of $39.21 and a 52 week high of $49.69. The stock has a market cap of $7.93 billion, a PE ratio of 33.67, a P/E/G ratio of 2.97 and a beta of 1.10. The company has a current ratio of 2.65, a quick ratio of 1.64 and a debt-to-equity ratio of 0.42.

Graco (NYSE:GGG) last announced its earnings results on Wednesday, July 25th. The industrial products company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). Graco had a net margin of 18.07% and a return on equity of 40.67%. The business had revenue of $424.60 million for the quarter, compared to the consensus estimate of $421.19 million. During the same quarter in the previous year, the company earned $1.38 EPS. Graco’s revenue for the quarter was up 11.9% compared to the same quarter last year. research analysts expect that Graco Inc. will post 1.84 earnings per share for the current year.

Graco 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.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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