Landscape Capital Management L.L.C. Buys Shares of 6,689 Graco Inc. $GGG

Landscape Capital Management L.L.C. purchased a new position in Graco Inc. (NYSE:GGG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,689 shares of the industrial products company’s stock, valued at approximately $506,000.

A number of other large investors also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new stake in Graco in the 1st quarter worth approximately $26,000. Whipplewood Advisors LLC grew its position in shares of Graco by 2,650.0% during the 1st quarter. Whipplewood Advisors LLC now owns 330 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Essential Partners LLC increased its holdings in shares of Graco by 78.6% in the first quarter. Essential Partners LLC now owns 359 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 158 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Graco by 982.6% in the first quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 452 shares during the period. Finally, Root Financial Partners LLC raised its position in shares of Graco by 43.2% in the first quarter. Root Financial Partners LLC now owns 504 shares of the industrial products company’s stock worth $43,000 after buying an additional 152 shares in the last quarter. 93.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GGG shares. Weiss Ratings raised Graco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. DA Davidson restated a “neutral” rating and issued a $85.00 price objective on shares of Graco in a research report on Monday, July 27th. Robert W. Baird set a $94.00 target price on shares of Graco in a research note on Friday, July 24th. Wolfe Research cut shares of Graco from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada raised their price objective on shares of Graco from $92.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $95.00.

Graco Stock Up 0.2%

Graco stock opened at $80.82 on Monday. The company has a market capitalization of $13.09 billion, a PE ratio of 25.42, a P/E/G ratio of 2.48 and a beta of 0.92. The firm has a fifty day simple moving average of $77.79 and a two-hundred day simple moving average of $81.98. Graco Inc. has a twelve month low of $72.51 and a twelve month high of $95.69.

Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. Graco had a return on equity of 19.54% and a net margin of 23.53%.The firm had revenue of $590.55 million for the quarter, compared to analysts’ expectations of $608.06 million. During the same period last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts expect that Graco Inc. will post 3.26 earnings per share for the current fiscal year.

Graco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, July 20th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, July 20th. Graco’s dividend payout ratio (DPR) is presently 37.11%.

About Graco

Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco’s solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company’s product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.