Graco Inc. (NYSE:GGG) Shares Sold by Compass Ion Advisors LLC

Compass Ion Advisors LLC lessened its position in Graco Inc. (NYSE:GGG) by 37.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,975 shares of the industrial products company’s stock after selling 7,050 shares during the period. Compass Ion Advisors LLC’s holdings in Graco were worth $1,119,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Graco by 9.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 88,143 shares of the industrial products company’s stock valued at $8,238,000 after purchasing an additional 7,611 shares during the last quarter. Cardinal Capital Management lifted its stake in Graco by 14.5% in the 1st quarter. Cardinal Capital Management now owns 29,153 shares of the industrial products company’s stock worth $2,725,000 after acquiring an additional 3,685 shares in the last quarter. Janiczek Wealth Management LLC boosted its position in Graco by 25.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 3,219 shares of the industrial products company’s stock worth $301,000 after acquiring an additional 661 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Graco by 214.2% in the 1st quarter. Sound Income Strategies LLC now owns 1,021 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 696 shares during the period. Finally, Riverview Trust Co purchased a new stake in shares of Graco in the first quarter worth approximately $131,000. 93.88% of the stock is currently owned by institutional investors.

Graco Stock Up 0.0 %

Shares of GGG stock opened at $79.28 on Monday. Graco Inc. has a 12 month low of $69.78 and a 12 month high of $94.77. The company has a market cap of $13.41 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.60 and a beta of 0.82. The business’s 50 day moving average is $81.44 and its two-hundred day moving average is $86.04.

Graco (NYSE:GGG) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The firm had revenue of $492.19 million during the quarter, compared to analyst estimates of $536.19 million. Graco had a net margin of 23.15% and a return on equity of 23.01%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 earnings per share. As a group, equities analysts expect that Graco Inc. will post 3.05 EPS for the current fiscal year.

Graco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Monday, July 22nd will be paid a dividend of $0.255 per share. The ex-dividend date is Monday, July 22nd. This represents a $1.02 annualized dividend and a yield of 1.29%. Graco’s payout ratio is 35.17%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Robert W. Baird dropped their target price on Graco from $90.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. William Blair reaffirmed a “market perform” rating on shares of Graco in a research report on Friday, April 26th. StockNews.com cut shares of Graco from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $103.00 price target on shares of Graco in a research note on Thursday. Four research 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 has an average rating of “Hold” and a consensus price target of $90.75.

Graco Company 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.