American National Bank & Trust Sells 10,056 Shares of Graco Inc. (NYSE:GGG)

American National Bank & Trust reduced its stake in Graco Inc. (NYSE:GGG - Free Report) by 69.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,495 shares of the industrial products company's stock after selling 10,056 shares during the quarter. American National Bank & Trust's holdings in Graco were worth $375,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in Graco in the fourth quarter valued at approximately $25,000. TD Private Client Wealth LLC lifted its stake in Graco by 118.0% in the fourth quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company's stock valued at $30,000 after buying an additional 190 shares during the period. National Pension Service acquired a new position in Graco in the fourth quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new position in Graco in the fourth quarter valued at approximately $37,000. Finally, Wood Tarver Financial Group LLC acquired a new position in Graco in the fourth quarter valued at approximately $46,000. 93.88% of the stock is owned by institutional investors and hedge funds.

Graco Stock Down 0.5%

GGG traded down $0.39 during trading on Thursday, hitting $83.90. The company's stock had a trading volume of 475,315 shares, compared to its average volume of 810,652. Graco Inc. has a twelve month low of $72.06 and a twelve month high of $92.86. The stock's fifty day moving average price is $81.84 and its 200-day moving average price is $84.38. The firm has a market capitalization of $14.02 billion, a P/E ratio of 29.75, a PEG ratio of 2.85 and a beta of 1.09.

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

Insider Transactions at Graco

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

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.