True Vision MN LLC Has $2.27 Million Stock Holdings in Graco Inc. (NYSE:GGG)

True Vision MN LLC reduced its holdings in shares of Graco Inc. (NYSE:GGG) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,962 shares of the industrial products company’s stock after selling 270 shares during the period. Graco comprises about 1.3% of True Vision MN LLC’s investment portfolio, making the stock its 16th biggest position. True Vision MN LLC’s holdings in Graco were worth $2,273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN grew its holdings in shares of Graco by 3.4% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 419,942 shares of the industrial products company’s stock worth $36,749,000 after purchasing an additional 13,876 shares during the last quarter. Natixis Advisors LLC grew its stake in Graco by 254.8% during the third quarter. Natixis Advisors LLC now owns 195,533 shares of the industrial products company’s stock worth $17,111,000 after buying an additional 140,417 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Graco by 2.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 328,306 shares of the industrial products company’s stock worth $28,730,000 after buying an additional 8,485 shares in the last quarter. Canoe Financial LP raised its stake in shares of Graco by 359.2% in the fourth quarter. Canoe Financial LP now owns 640,474 shares of the industrial products company’s stock valued at $53,986,000 after acquiring an additional 501,003 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Graco by 25.8% in the 3rd quarter. KBC Group NV now owns 31,991 shares of the industrial products company’s stock worth $2,800,000 after acquiring an additional 6,571 shares in the last quarter. Institutional investors own 93.88% of the company’s stock.

Insider Activity at Graco

In related news, insider Peter J. O’shea sold 18,075 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $88.76, for a total value of $1,604,337.00. Following the completion of the transaction, the insider now directly owns 14,516 shares in the company, valued at approximately $1,288,440.16. The trade was a 55.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Caroline M. Chambers sold 8,280 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $90.57, for a total transaction of $749,919.60. Following the sale, the insider now owns 57,612 shares in the company, valued at $5,217,918.84. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,882 shares of company stock worth $2,492,145 in the last ninety days. Company insiders own 2.63% of the company’s stock.

Graco Trading Up 1.2 %

Shares of NYSE GGG opened at $85.88 on Tuesday. The firm has a market capitalization of $14.50 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 2.75 and a beta of 0.84. The firm’s 50-day moving average is $85.22 and its 200-day moving average is $84.76. Graco Inc. has a 1 year low of $77.49 and a 1 year high of $94.77.

Graco (NYSE:GGG) last issued its earnings results on Monday, January 27th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate 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, equities research analysts anticipate that Graco Inc. will post 3.07 earnings per share for the current fiscal year.

Graco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, January 20th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, January 17th. This is a boost from Graco’s previous quarterly dividend of $0.26. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.28%. Graco’s dividend payout ratio is 39.01%.

Analyst Ratings Changes

GGG has been the subject of a number of research reports. Royal Bank of Canada raised their target price on Graco from $93.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Robert W. Baird lowered their price objective on shares of Graco from $88.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, BNP Paribas upgraded shares of Graco from a “neutral” rating to an “outperform” rating and set a $105.00 target price on the stock in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $91.50.

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.