Bridgefront Capital LLC Acquires Shares of 3,805 Graco Inc. (NYSE:GGG)

Bridgefront Capital LLC bought a new stake in Graco Inc. (NYSE:GGG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,805 shares of the industrial products company's stock, valued at approximately $321,000.

A number of other institutional investors have also added to or reduced their stakes in GGG. Golden State Wealth Management LLC bought a new position in shares of Graco during the 4th quarter valued at about $25,000. TD Private Client Wealth LLC raised its stake in shares of Graco by 118.0% during the fourth quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company's stock worth $30,000 after acquiring an additional 190 shares in the last quarter. National Pension Service purchased a new position in shares of Graco during the fourth quarter worth approximately $34,000. Whipplewood Advisors LLC purchased a new stake in shares of Graco in the 4th quarter valued at $37,000. Finally, Brooklyn Investment Group grew its holdings in shares of Graco by 39.1% during the 4th quarter. Brooklyn Investment Group now owns 484 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 93.88% of the company's stock.

Graco Stock Performance

Shares of NYSE GGG traded down $0.48 during mid-day trading on Friday, hitting $83.28. The stock had a trading volume of 587,697 shares, compared to its average volume of 816,290. The firm has a market cap of $13.92 billion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The business has a 50 day moving average price of $81.58 and a two-hundred day moving average price of $84.44. Graco Inc. has a 1 year low of $72.06 and a 1 year high of $92.86.

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

Graco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Monday, April 14th. Graco's dividend payout ratio (DPR) is currently 38.87%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson set a $85.00 price target on shares of Graco in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average 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.