25,428 Shares in Graco Inc. $GGG Acquired by SWS Partners

Key Points

• SWS Partners has acquired 25,428 shares of Graco Inc. for approximately $2,186,000 during Q2, signifying interest from institutional investors as they hold 93.88% of the company's stock.
• Graco's stock price experienced a modest gain of 0.8% and currently trades at $84.71, with a 12-month high of $92.86 and a low of $72.06.
• The company recently announced a quarterly dividend of $0.275, which results in an annualized yield of 1.3%, reflecting a dividend payout ratio of 39.01%.

SWS Partners acquired a new position in Graco Inc. (NYSE:GGG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,428 shares of the industrial products company's stock, valued at approximately $2,186,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GGG. eCIO Inc. bought a new stake in Graco during the 1st quarter valued at $32,000. WPG Advisers LLC bought a new stake in Graco during the 1st quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Graco by 41.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 481 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 141 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Graco by 982.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 452 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in Graco by 128.9% during the 1st quarter. Golden State Wealth Management LLC now owns 689 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 388 shares in the last quarter. Institutional investors own 93.88% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GGG shares. Wolfe Research started coverage on Graco in a research report on Wednesday, June 18th. They set an "outperform" rating on the stock. Robert W. Baird increased their target price on Graco from $88.00 to $91.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.50.

Graco Trading Up 0.8%

Shares of GGG opened at $84.71 on Monday. Graco Inc. has a 12 month low of $72.06 and a 12 month high of $92.86. The stock has a fifty day moving average price of $85.03 and a 200-day moving average price of $84.07. The firm has a market cap of $14.04 billion, a PE ratio of 30.04, a P/E/G ratio of 2.86 and a beta of 1.03.

Graco (NYSE:GGG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). Graco had a net margin of 22.26% and a return on equity of 19.05%. The business had revenue of $571.81 million for the quarter, compared to analysts' expectations of $590.57 million. During the same quarter in the prior year, the company posted $0.77 EPS. The business's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, research analysts forecast that Graco Inc. will post 3.06 EPS for the current year.

Graco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Monday, October 20th will be paid a $0.275 dividend. The ex-dividend date is Monday, October 20th. This represents a $1.10 dividend on an annualized basis and a yield of 1.3%. Graco's dividend payout ratio (DPR) is 39.01%.

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.

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