Simplicity Wealth LLC Acquires 258 Shares of Graco Inc. (NYSE:GGG)

Simplicity Wealth LLC raised its holdings in Graco Inc. (NYSE:GGG) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,013 shares of the industrial products company’s stock after purchasing an additional 258 shares during the quarter. Simplicity Wealth LLC’s holdings in Graco were worth $844,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GGG. Van ECK Associates Corp raised its position in Graco by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 33,862 shares of the industrial products company’s stock valued at $2,807,000 after purchasing an additional 3,358 shares during the last quarter. Leavell Investment Management Inc. raised its position in Graco by 0.9% in the 3rd quarter. Leavell Investment Management Inc. now owns 16,602 shares of the industrial products company’s stock valued at $1,453,000 after purchasing an additional 143 shares during the last quarter. Equitable Trust Co. raised its position in Graco by 2.3% in the 3rd quarter. Equitable Trust Co. now owns 6,664 shares of the industrial products company’s stock valued at $583,000 after purchasing an additional 147 shares during the last quarter. Assetmark Inc. raised its position in Graco by 11.1% in the 3rd quarter. Assetmark Inc. now owns 16,700 shares of the industrial products company’s stock valued at $1,461,000 after purchasing an additional 1,662 shares during the last quarter. Finally, Atria Investments Inc raised its position in shares of Graco by 17.6% during the third quarter. Atria Investments Inc now owns 18,053 shares of the industrial products company’s stock worth $1,580,000 after acquiring an additional 2,708 shares during the last quarter. Institutional investors own 93.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GGG shares. DA Davidson set a $85.00 target price on Graco in a research report on Friday, January 31st. Royal Bank of Canada boosted their target price on Graco from $93.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, BNP Paribas upgraded Graco from a “neutral” rating to an “outperform” rating and set a $105.00 target price for the company in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Graco currently has an average rating of “Hold” and an average target price of $93.00.

Graco Trading Up 1.4 %

NYSE GGG opened at $87.60 on Monday. The stock has a 50-day simple moving average of $84.83 and a 200 day simple moving average of $85.42. The company has a market capitalization of $14.85 billion, a PE ratio of 31.06, a P/E/G ratio of 2.85 and a beta of 0.83. Graco Inc. has a 12 month low of $77.49 and a 12 month high of $94.77.

Graco (NYSE:GGG) last released its quarterly earnings data on Monday, January 27th. The industrial products company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.13). Graco had a net margin of 23.00% and a return on equity of 19.38%. As a group, sell-side analysts predict that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Graco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be issued a $0.275 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.10 dividend on an annualized basis and a yield of 1.26%. Graco’s dividend payout ratio is presently 39.01%.

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.