National Asset Management Inc. raised its holdings in Graco Inc. (NYSE:GGG) by 55.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,302 shares of the industrial products company’s stock after purchasing an additional 4,017 shares during the period. National Asset Management Inc.’s holdings in Graco were worth $568,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Icon Wealth Partners LLC acquired a new position in Graco in the 1st quarter valued at approximately $25,000. Alpha Quant Advisors LLC increased its position in shares of Graco by 91.9% during the first quarter. Alpha Quant Advisors LLC now owns 783 shares of the industrial products company’s stock worth $39,000 after buying an additional 375 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Graco during the second quarter worth $40,000. Manchester Capital Management LLC bought a new position in Graco during the first quarter worth $41,000. Finally, Kavar Capital Partners LLC bought a new position in Graco during the second quarter worth $43,000. 84.79% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on GGG shares. Robert W. Baird set a $50.00 target price on shares of Graco and gave the stock a “hold” rating in a research note on Friday, July 26th. ValuEngine lowered shares of Graco from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised shares of Graco from a “sell” rating to a “hold” rating and set a $49.00 target price on the stock in a research note on Wednesday, May 29th. Finally, DA Davidson reissued a “neutral” rating on shares of Graco in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $47.20.

Shares of Graco stock traded down $0.10 during trading hours on Friday, reaching $45.17. The company’s stock had a trading volume of 31,162 shares, compared to its average volume of 528,985. Graco Inc. has a one year low of $37.36 and a one year high of $53.91. The company has a market capitalization of $7.56 billion, a P/E ratio of 24.03, a P/E/G ratio of 2.06 and a beta of 0.97. The stock’s fifty day simple moving average is $48.32 and its two-hundred day simple moving average is $48.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.22.

Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Graco had a net margin of 20.61% and a return on equity of 39.22%. The business had revenue of $428.30 million during the quarter, compared to the consensus estimate of $444.93 million. During the same period last year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts forecast that Graco Inc. will post 1.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 22nd were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Friday, July 19th. Graco’s dividend payout ratio (DPR) is 34.04%.

In other Graco news, insider Jeffrey P. Johnson sold 15,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $48.85, for a total value of $732,750.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.23% of the stock is currently owned by company insiders.

Graco Company Profile

Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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