Seilern Investment Management Ltd Has $8.44 Million Stock Position in Graco Inc. (NYSE:GGG)

Seilern Investment Management Ltd lowered its stake in Graco Inc. (NYSE:GGG) by 17.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 101,116 shares of the industrial products company’s stock after selling 21,985 shares during the quarter. Graco comprises approximately 0.6% of Seilern Investment Management Ltd’s holdings, making the stock its 20th largest holding. Seilern Investment Management Ltd’s holdings in Graco were worth $8,444,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Graco by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 17,141,579 shares of the industrial products company’s stock valued at $1,444,864,000 after buying an additional 183,335 shares during the period. Geode Capital Management LLC raised its position in shares of Graco by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,229,385 shares of the industrial products company’s stock valued at $356,053,000 after acquiring an additional 77,093 shares during the period. PineStone Asset Management Inc. raised its position in shares of Graco by 2.7% in the 4th quarter. PineStone Asset Management Inc. now owns 2,904,681 shares of the industrial products company’s stock valued at $244,836,000 after acquiring an additional 76,184 shares during the period. Principal Financial Group Inc. raised its position in shares of Graco by 17.0% in the 4th quarter. Principal Financial Group Inc. now owns 2,328,179 shares of the industrial products company’s stock valued at $196,242,000 after acquiring an additional 337,437 shares during the period. Finally, Norges Bank acquired a new stake in shares of Graco in the 4th quarter valued at approximately $177,434,000. Institutional investors and hedge funds own 93.88% of the company’s stock.

Graco Stock Performance

GGG opened at $85.05 on Friday. The firm’s fifty day moving average is $81.85 and its two-hundred day moving average is $84.33. The firm has a market cap of $14.21 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 2.85 and a beta of 1.07. Graco Inc. has a twelve month low of $72.06 and a twelve month high of $92.86.

Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. The business had revenue of $528.28 million for the quarter, compared to the consensus estimate of $526.98 million. Graco had a return on equity of 19.38% and a net margin of 23.00%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Equities analysts forecast that Graco Inc. will post 3.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider David J. Thompson sold 3,588 shares of the 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 completion of the sale, the insider now owns 27,520 shares of the company’s stock, valued at $2,373,049.60. This represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.19% of the company’s stock.

Graco 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.