Snowden Capital Advisors LLC Purchases 440 Shares of Graco Inc. (NYSE:GGG)

Snowden Capital Advisors LLC raised its position in Graco Inc. (NYSE:GGG) by 6.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,403 shares of the industrial products company’s stock after buying an additional 440 shares during the period. Snowden Capital Advisors LLC’s holdings in Graco were worth $624,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GGG. Park Avenue Securities LLC bought a new position in Graco in the 4th quarter valued at $254,000. HB Wealth Management LLC bought a new position in Graco in the 4th quarter valued at $261,000. UMB Bank n.a. boosted its position in Graco by 93.1% in the 4th quarter. UMB Bank n.a. now owns 956 shares of the industrial products company’s stock valued at $81,000 after buying an additional 461 shares during the last quarter. Ballentine Partners LLC boosted its position in Graco by 4.8% in the 4th quarter. Ballentine Partners LLC now owns 4,425 shares of the industrial products company’s stock valued at $373,000 after buying an additional 203 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Graco by 0.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 68,030 shares of the industrial products company’s stock valued at $5,734,000 after buying an additional 300 shares during the last quarter. 93.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson set a $85.00 price target on Graco in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Graco presently has an average rating of “Hold” and an average target price of $93.00.

Insiders Place Their Bets

In related news, insider David J. Thompson sold 3,588 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $86.23, for a total transaction of $309,393.24. Following the sale, the insider now owns 27,520 shares of the company’s stock, valued at approximately $2,373,049.60. This trade represents a 11.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.19% of the company’s stock.

Graco Stock Down 0.3%

GGG stock opened at $86.71 on Wednesday. The business’s fifty day moving average is $81.71 and its 200-day moving average is $84.66. The company has a market cap of $14.49 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. Graco Inc. has a twelve month low of $72.06 and a twelve month high of $92.86.

Graco (NYSE:GGG) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Graco had a return on equity of 19.38% and a net margin of 23.00%. The company had revenue of $528.28 million for the quarter, compared to the consensus estimate of $526.98 million. During the same quarter in the prior year, the business posted $0.65 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Research analysts anticipate that Graco Inc. will post 3.06 earnings per share for the current fiscal 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. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.