AQR Capital Management LLC Has $27.16 Million Position in Graco Inc. (NYSE:GGG)

AQR Capital Management LLC boosted its holdings in shares of Graco Inc. (NYSE:GGG - Free Report) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 322,923 shares of the industrial products company's stock after buying an additional 14,690 shares during the quarter. AQR Capital Management LLC owned about 0.19% of Graco worth $27,164,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Allianz Asset Management GmbH raised its stake in shares of Graco by 32.0% in the 4th quarter. Allianz Asset Management GmbH now owns 1,545,846 shares of the industrial products company's stock valued at $130,298,000 after acquiring an additional 374,967 shares in the last quarter. PineStone Asset Management Inc. raised its position in shares of Graco by 2.7% in the fourth quarter. PineStone Asset Management Inc. now owns 2,904,681 shares of the industrial products company's stock valued at $244,836,000 after purchasing an additional 76,184 shares during the period. Canoe Financial LP lifted 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 worth $53,986,000 after buying an additional 501,003 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Graco by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,054,966 shares of the industrial products company's stock worth $88,923,000 after buying an additional 19,545 shares during the period. Finally, Whittier Trust Co. grew its stake in Graco by 3.4% in the 4th quarter. Whittier Trust Co. now owns 184,103 shares of the industrial products company's stock valued at $15,518,000 after buying an additional 6,041 shares during the last quarter. 93.88% of the stock is currently owned by institutional investors.

Graco Trading Down 0.0 %

NYSE:GGG traded down $0.03 during trading hours on Friday, hitting $83.73. 179,209 shares of the company traded hands, compared to its average volume of 813,302. Graco Inc. has a twelve month low of $72.06 and a twelve month high of $92.86. The firm has a 50-day moving average of $81.58 and a 200 day moving average of $84.44. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 2.85 and a beta of 1.09.

Graco (NYSE:GGG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. Graco had a net margin of 23.00% and a return on equity of 19.38%. The business had revenue of $528.28 million during the quarter, compared to analysts' expectations of $526.98 million. During the same quarter last year, the company earned $0.65 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Graco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Monday, April 14th. Graco's payout ratio is presently 38.87%.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $85.00 price target on shares of Graco in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $93.00.

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.