Graco Inc. (NYSE:GGG) Stock Holdings Lifted by Running Oak Capital LLC

Running Oak Capital LLC lifted its holdings in Graco Inc. (NYSE:GGG - Free Report) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,119 shares of the industrial products company's stock after acquiring an additional 20,020 shares during the period. Running Oak Capital LLC owned approximately 0.10% of Graco worth $14,708,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. TD Private Client Wealth LLC increased its position in shares of Graco by 118.0% in the fourth quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company's stock worth $30,000 after acquiring an additional 190 shares in the last quarter. National Pension Service acquired a new stake in Graco during the 4th quarter valued at $34,000. Whipplewood Advisors LLC acquired a new stake in Graco during the 4th quarter valued at $37,000. Wood Tarver Financial Group LLC acquired a new stake in Graco during the 4th quarter valued at $46,000. Finally, Sit Investment Associates Inc. acquired a new stake in Graco during the 4th quarter valued at $80,000. Institutional investors and hedge funds own 93.88% of the company's stock.

Insiders Place Their Bets

In other news, insider David J. Thompson sold 3,588 shares of Graco stock in a transaction dated 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 transaction, the insider now directly owns 27,520 shares of the company's stock, valued at approximately $2,373,049.60. The trade was a 11.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Wolfe Research started coverage on shares of 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 issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.00.

Graco Price Performance

GGG traded down $0.65 during trading hours on Friday, reaching $83.96. 1,759,139 shares of the stock traded hands, compared to its average volume of 812,420. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 2.84 and a beta of 1.07. Graco Inc. has a fifty-two week low of $72.06 and a fifty-two week high of $92.86. The firm's fifty day simple moving average is $83.20 and its two-hundred day simple moving average is $83.87.

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, topping the consensus estimate of $0.68 by $0.02. The company had revenue of $528.28 million during the quarter, compared to analyst estimates of $526.98 million. Graco had a net margin of 22.70% and a return on equity of 19.42%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. On average, research analysts predict that Graco Inc. will post 3.06 earnings per share for the current year.

Graco Announces Dividend

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

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.