Diversified Trust Co Sells 9,711 Shares of Graco Inc. $GGG

Diversified Trust Co trimmed its position in shares of Graco Inc. (NYSE:GGG - Free Report) by 56.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,494 shares of the industrial products company's stock after selling 9,711 shares during the period. Diversified Trust Co's holdings in Graco were worth $644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. eCIO Inc. bought a new position in Graco during the first quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Graco by 41.5% during the second 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 during the period. WPG Advisers LLC bought a new stake in shares of Graco in the 1st quarter valued at approximately $41,000. Geneos Wealth Management Inc. grew its stake in shares of Graco by 982.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 452 shares during the period. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of Graco in the 4th quarter valued at approximately $46,000. 93.88% of the stock is currently owned by institutional investors.

Graco Stock Down 0.2%

GGG stock opened at $84.50 on Tuesday. The business's fifty day moving average is $85.21 and its 200-day moving average is $84.08. The company has a market cap of $14.00 billion, a P/E ratio of 29.96, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. Graco Inc. has a twelve month low of $72.06 and a twelve 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). Graco had a net margin of 22.26% and a return on equity of 19.05%. The company had revenue of $571.81 million during the quarter, compared to analyst estimates of $590.57 million. During the same period last year, the company earned $0.77 EPS. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts anticipate that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Graco Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wolfe Research assumed coverage on Graco in a research note on Wednesday, June 18th. They issued an "outperform" rating on the stock. Robert W. Baird upped their price objective on Graco from $88.00 to $91.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Graco presently has a consensus rating of "Moderate Buy" and an average price target of $94.50.

About Graco

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.