Free Trial

Capital Management Associates Inc Purchases 11,267 Shares of Graco Inc. (NYSE:GGG)

Graco logo with Industrials background

Capital Management Associates Inc boosted its holdings in shares of Graco Inc. (NYSE:GGG - Free Report) by 97.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,802 shares of the industrial products company's stock after buying an additional 11,267 shares during the period. Capital Management Associates Inc's holdings in Graco were worth $1,904,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC increased its holdings in shares of Graco by 118.0% in the fourth quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company's stock worth $30,000 after buying an additional 190 shares during the period. Wood Tarver Financial Group LLC purchased a new position in shares of Graco in the fourth quarter worth about $46,000. Golden State Wealth Management LLC increased its holdings in shares of Graco by 128.9% in the first quarter. Golden State Wealth Management LLC now owns 689 shares of the industrial products company's stock worth $58,000 after buying an additional 388 shares during the period. Sit Investment Associates Inc. purchased a new position in shares of Graco in the fourth quarter worth about $80,000. Finally, USA Financial Formulas increased its holdings in shares of Graco by 43.6% in the first quarter. USA Financial Formulas now owns 1,057 shares of the industrial products company's stock worth $88,000 after buying an additional 321 shares during the period. Institutional investors own 93.88% of the company's stock.

Graco Price Performance

NYSE:GGG traded up $0.90 during mid-day trading on Tuesday, reaching $88.51. 119,548 shares of the company's stock traded hands, compared to its average volume of 798,874. Graco Inc. has a 12-month low of $72.06 and a 12-month high of $92.86. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 3.00 and a beta of 1.06. The company has a 50 day moving average price of $84.88 and a 200-day moving average price of $83.82.

Graco (NYSE:GGG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. Graco had a return on equity of 19.42% and a net margin of 22.70%. The company had revenue of $528.28 million for the quarter, compared to the consensus estimate of $526.98 million. During the same quarter in the previous year, the business earned $0.65 EPS. Graco's revenue was up 7.3% compared to the same quarter last year. As a group, analysts forecast that Graco Inc. will post 3.06 EPS for the current year.

Graco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, July 21st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.10 annualized dividend and a yield of 1.24%. Graco's payout ratio is 38.87%.

Analysts Set New Price Targets

Separately, Wolfe Research assumed coverage on Graco in a report on Wednesday, June 18th. They issued an "outperform" rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Graco currently has an average rating of "Moderate Buy" and a consensus price target of $93.00.

Get Our Latest Stock Analysis on Graco

Insiders Place Their Bets

In other Graco news, insider David J. Thompson sold 3,588 shares of Graco 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 sale, the insider directly owned 27,520 shares of the company's stock, valued at approximately $2,373,049.60. The trade was a 11.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.19% of the company's stock.

Graco Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Graco (NYSE:GGG)

Should You Invest $1,000 in Graco Right Now?

Before you consider Graco, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Graco wasn't on the list.

While Graco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines