Mn Services Vermogensbeheer B.V. Sells 8,200 Shares of Graco Inc. (NYSE:GGG)

Mn Services Vermogensbeheer B.V. cut its holdings in shares of Graco Inc. (NYSE:GGG - Free Report) by 11.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,600 shares of the industrial products company's stock after selling 8,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Graco were worth $5,144,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Orion Portfolio Solutions LLC raised its stake in Graco by 1.0% during the 4th 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 raised its stake in Graco by 6.1% during the 4th 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 holdings in Graco by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,398 shares of the industrial products company's stock worth $2,899,000 after purchasing an additional 171 shares in the last quarter. Principal Securities Inc. increased its holdings in Graco by 23.3% during the 4th quarter. Principal Securities Inc. now owns 1,007 shares of the industrial products company's stock worth $85,000 after purchasing an additional 190 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in Graco by 118.0% during the 4th quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company's stock worth $30,000 after purchasing an additional 190 shares in the last quarter. 93.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Graco news, insider David J. Thompson sold 3,588 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 27,520 shares in the company, valued at $2,373,049.60. This trade represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.19% of the stock is currently owned by corporate insiders.

Graco Trading Down 0.8%

Shares of NYSE GGG traded down $0.65 during mid-day trading on Friday, hitting $83.96. The company had a trading volume of 1,759,139 shares, compared to its average volume of 812,420. The company has a market capitalization of $14.03 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 2.84 and a beta of 1.07. The firm has a 50-day simple moving average of $83.20 and a two-hundred day simple moving average of $83.91. Graco Inc. has a one year low of $72.06 and a one year high of $92.86.

Graco (NYSE:GGG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $528.28 million during the quarter, compared to analysts' expectations of $526.98 million. Graco had a return on equity of 19.42% and a net margin of 22.70%. Graco's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. Sell-side analysts expect that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Graco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, July 21st will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Monday, July 21st. Graco's payout ratio is 38.87%.

Analyst Upgrades and Downgrades

Separately, Wolfe Research began coverage on Graco in a report on Wednesday. They set an "outperform" rating for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.00.

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.