California State Teachers Retirement System Has $24.08 Million Holdings in Graco Inc. (NYSE:GGG)

California State Teachers Retirement System raised its holdings in shares of Graco Inc. (NYSE:GGG - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 285,706 shares of the industrial products company's stock after buying an additional 10,887 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Graco worth $24,082,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GGG. Institute for Wealth Management LLC. lifted its stake in shares of Graco by 2.5% in 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 buying an additional 119 shares during the period. Optas LLC grew its holdings in shares of Graco by 4.0% during the 4th quarter. Optas LLC now owns 3,360 shares of the industrial products company's stock worth $283,000 after purchasing an additional 128 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Graco by 1.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 14,548 shares of the industrial products company's stock valued at $1,226,000 after purchasing an additional 138 shares during the period. IFP Advisors Inc lifted its position in Graco by 6.1% in the fourth quarter. IFP Advisors Inc now owns 2,782 shares of the industrial products company's stock worth $235,000 after purchasing an additional 160 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Graco by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,398 shares of the industrial products company's stock valued at $2,899,000 after buying an additional 171 shares in the last quarter. 93.88% of the stock is owned by institutional investors.

Insider Activity

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

Graco Trading Down 1.3%

NYSE GGG traded down $1.07 on Monday, reaching $83.59. The company's stock had a trading volume of 316,498 shares, compared to its average volume of 816,119. The business has a 50-day moving average price of $81.83 and a 200 day moving average price of $84.47. The firm has a market cap of $13.97 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. Graco Inc. has a 52 week low of $72.06 and a 52 week high of $92.86.

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

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.