Curbstone Financial Management Corp Invests $404,000 in Graco Inc. $GGG

Key Points

• Curbstone Financial Management Corp invested approximately $404,000 in Graco Inc. by acquiring 4,700 shares during the 2nd quarter.
• Graco recently reported a Q2 EPS of $0.75, missing the consensus estimate, with revenue of $571.81 million, which was below analyst expectations.
• The company declared a quarterly dividend of $0.275, payable on November 5th, representing a 1.3% yield with a payout ratio of 39.01%.

Curbstone Financial Management Corp purchased a new position in shares of Graco Inc. (NYSE:GGG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,700 shares of the industrial products company's stock, valued at approximately $404,000.

Other large investors also recently made changes to their positions in the company. eCIO Inc. bought a new stake in shares of Graco during the 1st quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of 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 worth $41,000 after acquiring an additional 141 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Graco during the 1st quarter worth about $41,000. Geneos Wealth Management Inc. boosted its stake in shares of Graco by 982.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company's stock worth $42,000 after acquiring an additional 452 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Graco during the 2nd quarter worth about $51,000. Institutional investors own 93.88% of the company's stock.

Graco Stock Up 1.0%

Graco stock opened at $82.36 on Friday. The business has a 50 day moving average price of $84.62 and a two-hundred day moving average price of $83.99. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 2.77 and a beta of 1.07. Graco Inc. has a 12 month low of $72.06 and a 12 month high of $92.86.

Graco (NYSE:GGG - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $571.81 million during the quarter, compared to analyst estimates of $590.57 million. Graco had a net margin of 22.26% and a return on equity of 19.05%. The company's revenue was up 3.4% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. On average, analysts expect that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Graco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Monday, October 20th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.10 annualized dividend and a yield of 1.3%. Graco's dividend payout ratio is 39.01%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Graco in a research note on Wednesday, October 8th. Robert W. Baird boosted their price objective on Graco from $88.00 to $91.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Graco currently has a consensus rating of "Moderate Buy" and an average target price of $94.50.

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.

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