iSAM Funds UK Ltd Sells 13,707 Shares of Graco Inc. (NYSE:GGG)

iSAM Funds UK Ltd lessened its stake in Graco Inc. (NYSE:GGG - Free Report) by 70.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,677 shares of the industrial products company's stock after selling 13,707 shares during the quarter. iSAM Funds UK Ltd's holdings in Graco were worth $479,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. State of Wyoming lifted its holdings in shares of Graco by 73.0% in the fourth quarter. State of Wyoming now owns 4,546 shares of the industrial products company's stock worth $383,000 after buying an additional 1,918 shares in the last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of Graco by 6.3% in the fourth quarter. Snowden Capital Advisors LLC now owns 7,403 shares of the industrial products company's stock worth $624,000 after buying an additional 440 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new position in shares of Graco in the fourth quarter worth $216,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Graco in the fourth quarter worth $218,000. Finally, Royal Bank of Canada lifted its holdings in shares of Graco by 7.5% in the fourth quarter. Royal Bank of Canada now owns 326,104 shares of the industrial products company's stock worth $27,487,000 after buying an additional 22,737 shares in the last quarter. Hedge funds and other institutional investors own 93.88% of the company's stock.

Graco Stock Down 1.1%

Graco stock traded down $0.89 during mid-day trading on Friday, reaching $83.63. 459,093 shares of the company's stock traded hands, compared to its average volume of 821,882. The company has a market cap of $13.98 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 2.85 and a beta of 1.09. The stock has a 50 day moving average of $81.73 and a two-hundred day moving average of $84.63. 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 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. The company had revenue of $528.28 million for the quarter, compared to the consensus estimate of $526.98 million. Graco had a net margin of 23.00% and a return on equity of 19.38%. Graco's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. As a group, sell-side analysts forecast that Graco Inc. will post 3.06 earnings per share for the current year.

Insider Activity at Graco

In other Graco news, insider David J. Thompson sold 3,588 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $86.23, for a total transaction of $309,393.24. Following the transaction, the insider now owns 27,520 shares in the company, valued at $2,373,049.60. The trade was a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $85.00 target price on shares of Graco in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Graco presently has a consensus rating of "Hold" and a consensus price target of $93.00.

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.