Wealth Enhancement Advisory Services LLC Acquires 33,015 Shares of Graco Inc. (NYSE:GGG)

Wealth Enhancement Advisory Services LLC increased its holdings in Graco Inc. (NYSE:GGG) by 53.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,253 shares of the industrial products company’s stock after buying an additional 33,015 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Graco worth $8,029,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in Graco in the fourth quarter worth $25,000. TD Private Client Wealth LLC grew its holdings in Graco by 118.0% in the fourth quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 190 shares during the last quarter. National Pension Service purchased a new position in Graco in the fourth quarter worth $34,000. Whipplewood Advisors LLC purchased a new position in Graco in the fourth quarter worth $37,000. Finally, Wood Tarver Financial Group LLC purchased a new position in Graco in the fourth quarter worth $46,000. 93.88% of the stock is owned by hedge funds and other institutional investors.

Graco Trading Up 0.0%

NYSE GGG opened at $84.68 on Monday. The firm’s fifty day simple moving average is $81.83 and its two-hundred day simple moving average is $84.47. Graco Inc. has a 12-month low of $72.06 and a 12-month high of $92.86. The firm has a market capitalization of $14.15 billion, a P/E ratio of 30.03, a P/E/G ratio of 2.85 and a beta of 1.09.

Graco (NYSE:GGG) last released its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Graco had a net margin of 23.00% and a return on equity of 19.38%. The business had revenue of $528.28 million for the quarter, compared to analyst estimates of $526.98 million. During the same period in the previous year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts predict that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Insider Activity

In other news, insider David J. Thompson sold 3,588 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $86.23, for a total transaction of $309,393.24. Following the sale, the insider now directly owns 27,520 shares of the company’s stock, valued at $2,373,049.60. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.19% of the company’s stock.

About Graco

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.