Values First Advisors Inc. Makes New $2.07 Million Investment in Graco Inc. (NYSE:GGG)

by · The Cerbat Gem

Values First Advisors Inc. acquired a new position in shares of Graco Inc. (NYSE:GGG – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,610 shares of the industrial products company’s stock, valued at approximately $2,066,000. Graco accounts for about 1.1% of Values First Advisors Inc.’s holdings, making the stock its 24th largest holding.

Several other large investors have also modified their holdings of the company. Gradient Investments LLC acquired a new stake in shares of Graco in the second quarter valued at about $27,000. New Covenant Trust Company N.A. acquired a new stake in Graco in the 1st quarter valued at approximately $43,000. UMB Bank n.a. lifted its holdings in shares of Graco by 187.8% during the third quarter. UMB Bank n.a. now owns 495 shares of the industrial products company’s stock worth $43,000 after buying an additional 323 shares during the last quarter. Tobam lifted its holdings in shares of Graco by 90.2% during the first quarter. Tobam now owns 601 shares of the industrial products company’s stock worth $56,000 after buying an additional 285 shares during the last quarter. Finally, Eastern Bank bought a new stake in shares of Graco in the third quarter valued at approximately $59,000. 93.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Robert W. Baird cut their target price on shares of Graco from $87.00 to $86.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. DA Davidson reiterated a “neutral” rating and issued a $79.00 target price on shares of Graco in a research note on Friday, September 27th. Finally, Royal Bank of Canada decreased their target price on Graco from $99.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.25.

Get Our Latest Stock Analysis on Graco

Graco Stock Down 0.7 %

NYSE:GGG opened at $82.35 on Friday. The firm has a market capitalization of $13.93 billion, a PE ratio of 28.40, 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. The firm has a 50-day moving average price of $83.90 and a 200 day moving average price of $82.79.

Graco (NYSE:GGG – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.05). Graco had a return on equity of 22.40% and a net margin of 23.16%. The company had revenue of $519.21 million for the quarter, compared to the consensus estimate of $538.19 million. During the same quarter last year, the business earned $0.76 EPS. Graco’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, research analysts expect that Graco Inc. will post 2.98 EPS for the current year.

Graco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, October 21st. Graco’s payout ratio is 35.17%.

About Graco

(Free Report)

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.

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