Deutsche Bank AG Has $33.16 Million Stock Position in Graco Inc. (NYSE:GGG)

Deutsche Bank AG boosted its holdings in Graco Inc. (NYSE:GGG - Free Report) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 393,396 shares of the industrial products company's stock after acquiring an additional 31,860 shares during the quarter. Deutsche Bank AG owned about 0.23% of Graco worth $33,159,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Institute for Wealth Management LLC. boosted its position in Graco by 2.5% during the fourth quarter. Institute for Wealth Management LLC. now owns 4,860 shares of the industrial products company's stock valued at $410,000 after purchasing an additional 119 shares during the last quarter. Albert D Mason Inc. lifted its stake in Graco by 0.4% in the fourth quarter. Albert D Mason Inc. now owns 27,923 shares of the industrial products company's stock valued at $2,354,000 after buying an additional 121 shares during the period. Optas LLC boosted its holdings in shares of Graco by 4.0% in the 4th quarter. Optas LLC now owns 3,360 shares of the industrial products company's stock worth $283,000 after buying an additional 128 shares during the last quarter. Brooklyn Investment Group raised its position 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 buying an additional 136 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in shares of Graco by 1.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 14,548 shares of the industrial products company's stock worth $1,226,000 after purchasing an additional 138 shares during the period. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

Graco Trading Down 0.3%

GGG traded down $0.27 during trading on Monday, hitting $87.00. The stock had a trading volume of 40,031 shares, compared to its average volume of 818,511. Graco Inc. has a 12 month low of $72.06 and a 12 month high of $92.86. The firm has a market cap of $14.54 billion, a PE ratio of 30.85, a P/E/G ratio of 2.85 and a beta of 1.09. The company has a 50 day simple moving average of $81.57 and a 200-day simple moving average of $84.61.

Graco (NYSE:GGG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $526.98 million. During the same quarter last year, the business posted $0.65 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Graco

In other news, insider David J. Thompson sold 3,588 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $86.23, for a total transaction of $309,393.24. Following the completion of the sale, the insider now owns 27,520 shares in the company, valued at $2,373,049.60. This trade represents a 11.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

About Graco

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.