Harvey Investment Co. LLC grew its position in Graco Inc. (NYSE:GGG – Free Report) by 576.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,380 shares of the industrial products company’s stock after purchasing an additional 31,000 shares during the period. Harvey Investment Co. LLC’s holdings in Graco were worth $3,184,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in GGG. Gradient Investments LLC acquired a new position in Graco in the second quarter valued at about $27,000. New Covenant Trust Company N.A. acquired a new position in shares of Graco in the 1st quarter worth approximately $43,000. UMB Bank n.a. grew its position in Graco by 187.8% during the 3rd quarter. UMB Bank n.a. now owns 495 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 323 shares during the last quarter. Blue Trust Inc. increased its holdings in Graco by 220.9% during the 2nd quarter. Blue Trust Inc. now owns 690 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 475 shares in the last quarter. Finally, Tobam raised its position in Graco by 90.2% in the 1st quarter. Tobam now owns 601 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 93.88% of the company’s stock.
Graco Stock Down 2.1 %
Shares of GGG opened at $81.15 on Thursday. The stock’s fifty day simple moving average is $83.88 and its 200-day simple moving average is $82.79. The firm has a market capitalization of $13.73 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.88 and a beta of 0.81. Graco Inc. has a 12-month low of $69.78 and a 12-month high of $94.77.
Graco Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Monday, October 21st will be issued a $0.255 dividend. The ex-dividend date is Monday, October 21st. This represents a $1.02 annualized dividend and a yield of 1.26%. Graco’s dividend payout ratio is currently 35.17%.
Wall Street Analyst Weigh In
Several analysts have recently commented on GGG shares. Robert W. Baird decreased their target price on Graco from $87.00 to $86.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Royal Bank of Canada decreased their price objective on shares of Graco from $99.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $79.00 target price on shares of Graco in a research note on Friday, September 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $90.25.
Check Out Our Latest Analysis on GGG
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.
Read More
- Five stocks we like better than Graco
- What Are Dividend Contenders? Investing in Dividend Contenders
- A $1.75 Billion Gamble: Can Lucid Ignite Growth?
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- The Rally in Lockheed Martin and RTX Can Continue: Here’s Why
- Low PE Growth Stocks: Unlocking Investment Opportunities
- 3 Undervalued Technology Stocks With Big Rebound Potential
Receive News & Ratings for Graco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graco and related companies with MarketBeat.com's FREE daily email newsletter.