Graco Inc. $GGG Shares Acquired by Sei Investments Co.

Key Points

• Sei Investments increased its Graco stake by 3.4% in the first quarter to 496,425 shares valued at approximately $42 million. Institutional investors collectively own 93.88% of the company, with several other major funds also expanding their positions.
• Graco reported adjusted EPS of $0.91, beating estimates of $0.81, while quarterly revenue rose 3.3% year over year to $590.55 million but fell short of the $608.06 million consensus.
• Analyst sentiment remains mixed: RBC raised its price target to $96 and maintained an outperform rating, while the broader consensus is Hold with a $95 target. Graco also declared a quarterly dividend of $0.295 per share, representing a 1.5% yield.

Sei Investments Co. raised its holdings in Graco Inc. (NYSE:GGG - Free Report) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 496,425 shares of the industrial products company's stock after acquiring an additional 16,516 shares during the quarter. Sei Investments Co. owned about 0.30% of Graco worth $42,023,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Graco in the 4th quarter valued at $161,949,000. Bank of Montreal Can raised its holdings in Graco by 1,636.9% during the fourth quarter. Bank of Montreal Can now owns 1,011,196 shares of the industrial products company's stock valued at $82,888,000 after buying an additional 952,977 shares in the last quarter. Caisse de depot et placement du Quebec lifted its position in shares of Graco by 236.4% in the third quarter. Caisse de depot et placement du Quebec now owns 1,279,553 shares of the industrial products company's stock worth $108,711,000 after buying an additional 899,174 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Graco by 20,706.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,362 shares of the industrial products company's stock worth $45,605,000 after acquiring an additional 553,688 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Graco by 51.8% during the 1st quarter. Hsbc Holdings PLC now owns 1,194,254 shares of the industrial products company's stock worth $101,061,000 after acquiring an additional 407,557 shares in the last quarter. Institutional investors and hedge funds own 93.88% of the company's stock.

More Graco News

Here are the key news stories impacting Graco this week:

• Positive Sentiment: Graco posted record second-quarter sales and operating earnings, while adjusted EPS of $0.91 beat expectations, helping fuel buying in the stock. Graco (GGG) On Record Q2 Earnings And The Case For More Upside
• Positive Sentiment: Management’s third-quarter sales guidance and reaffirmed full-year outlook signaled confidence in demand trends, backlog growth, and a stronger second half. Graco Inc. Signals Stronger Second Half Ahead
• Positive Sentiment: Royal Bank of Canada raised its price target on Graco to $96 from $92 and kept an outperform rating, reinforcing a bullish analyst view. Benzinga / The Fly analyst update
• Neutral Sentiment: William Blair maintained a Hold rating, saying improving orders and backlog are being offset by only modest near-term growth. Balanced Outlook for Graco
• Neutral Sentiment: Several articles highlighted that revenue came in below some estimates even as profits and margins improved, making the earnings reaction more dependent on outlook than on top-line growth alone. Graco Surpasses Q2 Earnings Estimates, Reaffirms 2026 View

Graco Stock Down 0.1%

Shares of NYSE:GGG opened at $79.43 on Monday. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 2.56 and a beta of 0.93. The business has a 50 day moving average price of $75.07 and a 200 day moving average price of $82.65. Graco Inc. has a twelve month low of $72.51 and a twelve month high of $95.69.

Graco (NYSE:GGG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.10. Graco had a return on equity of 19.54% and a net margin of 23.53%.The company had revenue of $590.55 million during the quarter, compared to analyst estimates of $608.06 million. During the same period in the previous year, the company earned $0.75 earnings per share. The company's quarterly revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Graco Inc. will post 3.1 EPS for the current year.

Graco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Monday, July 20th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.5%. Graco's dividend payout ratio is currently 37.11%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GGG shares. Royal Bank Of Canada raised their price objective on Graco from $92.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday. Wolfe Research downgraded Graco from an "outperform" rating to a "peer perform" rating in a report on Thursday, July 9th. DA Davidson reissued a "neutral" rating and issued a $85.00 price target on shares of Graco in a research report on Monday, April 27th. Robert W. Baird set a $94.00 price objective on shares of Graco in a report on Friday. Finally, Weiss Ratings lowered shares of Graco from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $95.00.

Graco Profile

Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco's solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company's product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.

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