Vest Financial LLC Acquires 9,719 Shares of Graco Inc. (NYSE:GGG)

Vest Financial LLC lifted its position in shares of Graco Inc. (NYSE:GGG - Free Report) by 33.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,475 shares of the industrial products company's stock after buying an additional 9,719 shares during the quarter. Vest Financial LLC's holdings in Graco were worth $3,213,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Orion Portfolio Solutions LLC increased its position in shares of Graco by 1.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 14,548 shares of the industrial products company's stock worth $1,226,000 after buying an additional 138 shares during the period. IFP Advisors Inc increased its position in shares of Graco by 6.1% during the fourth quarter. IFP Advisors Inc now owns 2,782 shares of the industrial products company's stock worth $235,000 after buying an additional 160 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Graco by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,398 shares of the industrial products company's stock worth $2,899,000 after buying an additional 171 shares during the period. Principal Securities Inc. increased its position in shares of Graco by 23.3% during the fourth quarter. Principal Securities Inc. now owns 1,007 shares of the industrial products company's stock worth $85,000 after buying an additional 190 shares during the period. Finally, TD Private Client Wealth LLC increased its position in shares of Graco by 118.0% during 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. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Graco Price Performance

Shares of GGG traded up $1.08 during trading hours on Friday, hitting $85.05. 517,966 shares of the stock were exchanged, compared to its average volume of 810,330. The firm has a market capitalization of $14.21 billion, a P/E ratio of 30.16, a price-to-earnings-growth ratio of 2.85 and a beta of 1.07. The business has a 50-day moving average of $81.85 and a 200-day moving average of $84.36. Graco Inc. has a fifty-two week low of $72.06 and a fifty-two week high of $92.86.

Graco (NYSE:GGG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The business had revenue of $528.28 million during the quarter, compared to analysts' expectations of $526.98 million. Graco had a net margin of 23.00% and a return on equity of 19.38%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $0.65 earnings per share. As a group, analysts forecast that Graco Inc. will post 3.06 earnings per share 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.