Graco Inc. (NYSE:GGG) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in shares of Graco Inc. (NYSE:GGG - Free Report) by 54.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,335 shares of the industrial products company's stock after buying an additional 12,412 shares during the quarter. Quantinno Capital Management LP's holdings in Graco were worth $2,978,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GGG. Park Avenue Securities LLC bought a new position in shares of Graco in the fourth quarter valued at $254,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Graco by 24.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 11,939 shares of the industrial products company's stock valued at $1,006,000 after buying an additional 2,328 shares in the last quarter. Procyon Advisors LLC lifted its stake in shares of Graco by 26.6% in the fourth quarter. Procyon Advisors LLC now owns 4,378 shares of the industrial products company's stock valued at $369,000 after buying an additional 921 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of Graco by 39.1% in the fourth quarter. Brooklyn Investment Group now owns 484 shares of the industrial products company's stock valued at $41,000 after buying an additional 136 shares in the last quarter. Finally, Trust Co. of Vermont lifted its position in shares of Graco by 102.9% during the fourth quarter. Trust Co. of Vermont now owns 2,435 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 1,235 shares in the last quarter. 93.88% of the stock is owned by institutional investors.

Graco Stock Performance

Shares of NYSE:GGG traded down $0.89 during midday trading on Friday, reaching $83.63. 459,093 shares of the company's stock traded hands, compared to its average volume of 821,882. Graco Inc. has a one year low of $72.06 and a one year high of $92.86. The stock has a 50 day moving average of $81.73 and a 200 day moving average of $84.61. The company has a market cap of $13.98 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 2.85 and a beta of 1.09.

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

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $85.00 price objective on shares of Graco in a research report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $93.00.

Insider Buying and Selling

In related news, insider David J. Thompson sold 3,588 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was 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 of the company's stock, valued at approximately $2,373,049.60. This trade represents a 11.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.19% of the stock is currently owned by company insiders.

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.