Fenimore Asset Management Inc Boosts Holdings in Graco Inc. (NYSE:GGG)

Fenimore Asset Management Inc lifted its stake in Graco Inc. (NYSE:GGG - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,090,796 shares of the industrial products company's stock after purchasing an additional 4,578 shares during the period. Graco accounts for about 1.9% of Fenimore Asset Management Inc's investment portfolio, making the stock its 21st biggest holding. Fenimore Asset Management Inc owned about 0.65% of Graco worth $91,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in Graco during the 4th quarter valued at about $25,000. TD Private Client Wealth LLC grew its position in Graco by 118.0% during 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 bought a new stake in Graco during the fourth quarter valued at approximately $34,000. Whipplewood Advisors LLC bought a new stake in Graco during the fourth quarter valued at approximately $37,000. Finally, Wood Tarver Financial Group LLC purchased a new position in Graco during the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 93.88% of the company's stock.

Insider Transactions at Graco

In other Graco news, insider David J. Thompson sold 3,588 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $86.23, for a total transaction of $309,393.24. Following the completion of the sale, the insider now directly owns 27,520 shares of the company's stock, valued at approximately $2,373,049.60. This represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.19% of the company's stock.

Graco Stock Performance

GGG stock opened at $85.05 on Monday. Graco Inc. has a one year low of $72.06 and a one year high of $92.86. The company's fifty day moving average price is $81.85 and its 200-day moving average price is $84.30. The company has a market capitalization of $14.21 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 2.85 and a beta of 1.07.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. Graco had a net margin of 23.00% and a return on equity of 19.38%. 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 prior year, the firm earned $0.65 earnings per share. Graco's revenue was up 7.3% on a year-over-year basis. On average, research analysts predict that Graco Inc. will post 3.06 EPS 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.

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