JLB & Associates Inc. decreased its holdings in Graco Inc. (NYSE:GGG) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 298,224 shares of the industrial products company’s stock after selling 987 shares during the period. Graco comprises approximately 3.0% of JLB & Associates Inc.’s investment portfolio, making the stock its 6th biggest holding. JLB & Associates Inc. owned about 0.18% of Graco worth $12,480,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Moody National Bank Trust Division acquired a new position in shares of Graco during the fourth quarter worth $73,000. First Hawaiian Bank increased its position in shares of Graco by 633.2% during the fourth quarter. First Hawaiian Bank now owns 1,789 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 1,545 shares in the last quarter. Signaturefd LLC increased its position in shares of Graco by 727.8% during the second quarter. Signaturefd LLC now owns 2,235 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 1,965 shares in the last quarter. Beaton Management Co. Inc. acquired a new position in shares of Graco during the third quarter worth $202,000. Finally, Hengehold Capital Management LLC acquired a new position in shares of Graco during the third quarter worth $202,000. 85.20% of the stock is owned by institutional investors.

NYSE:GGG traded down $0.52 during mid-day trading on Friday, hitting $42.54. The company’s stock had a trading volume of 262,887 shares, compared to its average volume of 690,583. Graco Inc. has a 1 year low of $37.36 and a 1 year high of $49.69. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.71 and a current ratio of 2.77. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.64 and a beta of 1.11.

Graco (NYSE:GGG) last posted its quarterly earnings results on Wednesday, October 24th. The industrial products company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. Graco had a net margin of 18.73% and a return on equity of 42.19%. The company had revenue of $415.94 million for the quarter, compared to analyst estimates of $403.62 million. As a group, equities research analysts predict that Graco Inc. will post 1.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Tuesday, January 22nd will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.50%. This is a positive change from Graco’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, January 18th. Graco’s dividend payout ratio is presently 37.06%.

A number of brokerages have recently issued reports on GGG. Zacks Investment Research raised Graco from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Friday, October 26th. ValuEngine lowered shares of Graco from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Oppenheimer reissued a “hold” rating on shares of Graco in a report on Monday, October 29th. Royal Bank of Canada reissued a “hold” rating and set a $45.00 price objective on shares of Graco in a report on Wednesday, December 19th. Finally, SunTrust Banks reissued a “hold” rating and set a $45.00 price objective on shares of Graco in a report on Monday, October 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $48.17.

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About Graco

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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