J. Safra Sarasin Holding AG Has $1.86 Million Holdings in Graco Inc. $GGG

Key Points

• J. Safra Sarasin Holding AG increased its stake in Graco Inc. by 90.6% during the 2nd quarter, owning 21,675 shares worth approximately $1.86 million.
• Graco's latest quarterly earnings results showed an EPS of $0.75, missing the consensus estimate and experiencing a year-over-year revenue increase of 3.4% despite a total revenue of $571.81 million.
• The firm announced a quarterly dividend of $0.275 per share, which will be paid on November 5th, indicating a 1.3% yield and a payout ratio of 39.01%.

J. Safra Sarasin Holding AG raised its stake in Graco Inc. (NYSE:GGG - Free Report) by 90.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,675 shares of the industrial products company's stock after acquiring an additional 10,302 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Graco were worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. eCIO Inc. acquired a new stake in shares of Graco in the first quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Graco by 41.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 481 shares of the industrial products company's stock valued at $41,000 after buying an additional 141 shares during the period. WPG Advisers LLC acquired a new stake in shares of Graco in the 1st quarter valued at $41,000. Geneos Wealth Management Inc. increased its stake in shares of Graco by 982.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company's stock valued at $42,000 after buying an additional 452 shares during the period. Finally, Golden State Wealth Management LLC increased its position in Graco by 128.9% in the first quarter. Golden State Wealth Management LLC now owns 689 shares of the industrial products company's stock worth $58,000 after purchasing an additional 388 shares during the period. Institutional investors and hedge funds own 93.88% of the company's stock.

Graco Stock Performance

Shares of NYSE GGG opened at $84.75 on Friday. The stock has a market cap of $14.04 billion, a P/E ratio of 30.05, a P/E/G ratio of 2.87 and a beta of 1.07. The firm has a 50 day moving average price of $84.89 and a 200 day moving average price of $84.10. Graco Inc. has a 52-week low of $72.06 and a 52-week high of $92.86.

Graco (NYSE:GGG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). Graco had a net margin of 22.26% and a return on equity of 19.05%. The firm had revenue of $571.81 million during the quarter, compared to analyst estimates of $590.57 million. During the same period last year, the firm earned $0.77 EPS. Graco's quarterly revenue was up 3.4% on a year-over-year basis. Analysts predict that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Graco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Monday, October 20th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, October 20th. Graco's payout ratio is presently 39.01%.

Analyst Ratings Changes

A number of brokerages recently commented on GGG. Wolfe Research began coverage on Graco in a research report on Wednesday, June 18th. They issued an "outperform" rating for the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Graco in a research report on Saturday, September 27th. Finally, Robert W. Baird lifted their price target on shares of Graco from $88.00 to $91.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $94.50.

Graco Company 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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