Graco Inc. $GGG Shares Bought by Marshall Financial Group LLC

Marshall Financial Group LLC raised its position in Graco Inc. (NYSE:GGG) by 3.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,787 shares of the industrial products company’s stock after buying an additional 520 shares during the quarter. Marshall Financial Group LLC’s holdings in Graco were worth $1,208,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC acquired a new position in Graco in the 2nd quarter valued at $216,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Graco by 82.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 180,509 shares of the industrial products company’s stock worth $16,027,000 after purchasing an additional 81,706 shares in the last quarter. Sarasin & Partners LLP boosted its position in shares of Graco by 0.7% in the 2nd quarter. Sarasin & Partners LLP now owns 307,638 shares of the industrial products company’s stock worth $26,448,000 after buying an additional 2,194 shares in the last quarter. Taylor Hoffman Capital Management LLC boosted its position in shares of Graco by 3.4% in the 2nd quarter. Taylor Hoffman Capital Management LLC now owns 45,952 shares of the industrial products company’s stock worth $3,950,000 after buying an additional 1,493 shares in the last quarter. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of Graco in the 2nd quarter worth about $559,000. 93.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on GGG. Robert W. Baird boosted their price objective on shares of Graco from $88.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Wolfe Research initiated coverage on shares of Graco in a report on Wednesday, June 18th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.50.

Graco Stock Down 0.1%

Shares of NYSE:GGG opened at $84.66 on Thursday. Graco Inc. has a 52-week low of $72.06 and a 52-week high of $92.86. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. The company has a 50 day moving average of $85.40 and a two-hundred day moving average of $84.12.

Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). Graco had a return on equity of 19.05% and a net margin of 22.26%.The firm had revenue of $571.81 million for the quarter, compared to the consensus estimate of $590.57 million. During the same quarter last year, the business earned $0.77 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that Graco Inc. will post 3.06 earnings per share for the current year.

Graco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Monday, October 20th will be paid a dividend of $0.275 per share. The ex-dividend date is Monday, October 20th. This represents a $1.10 annualized dividend and a yield of 1.3%. Graco’s dividend payout ratio (DPR) is 39.01%.

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.