Seilern Investment Management Ltd lowered its holdings in shares of Graco Inc. (NYSE:GGG - Free Report) by 17.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,116 shares of the industrial products company's stock after selling 21,985 shares during the period. Graco comprises 0.6% of Seilern Investment Management Ltd's portfolio, making the stock its 20th largest holding. Seilern Investment Management Ltd owned approximately 0.06% of Graco worth $8,444,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of GGG. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Graco by 12.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,747 shares of the industrial products company's stock valued at $314,000 after purchasing an additional 412 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in Graco by 11.4% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 2,752 shares of the industrial products company's stock valued at $232,000 after buying an additional 282 shares in the last quarter. Financial Advocates Investment Management boosted its stake in Graco by 7.2% in the 4th quarter. Financial Advocates Investment Management now owns 4,878 shares of the industrial products company's stock valued at $411,000 after buying an additional 327 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Graco by 3.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 339,524 shares of the industrial products company's stock valued at $28,618,000 after buying an additional 11,218 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Graco in the 4th quarter valued at $25,000. Institutional investors and hedge funds own 93.88% of the company's stock.
Graco Stock Performance
Shares of NYSE:GGG opened at $85.05 on Friday. Graco Inc. has a 52 week low of $72.06 and a 52 week high of $92.86. The company's fifty day moving average is $81.85 and its 200-day moving average is $84.33. The company has a market capitalization of $14.21 billion, a PE ratio of 30.16, a P/E/G ratio of 2.85 and a beta of 1.07.
Graco (NYSE:GGG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $528.28 million for the quarter, compared to analyst estimates of $526.98 million. Graco had a net margin of 23.00% and a return on equity of 19.38%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. On average, analysts forecast that Graco Inc. will post 3.06 EPS for the current year.
Insider Transactions at Graco
In other news, insider David J. Thompson sold 3,588 shares of the business'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 value of $309,393.24. Following the transaction, the insider now directly owns 27,520 shares of the company's stock, valued at $2,373,049.60. The trade was a 11.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.19% of the stock is owned by company insiders.
About Graco
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding GGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graco Inc. (NYSE:GGG - Free Report).
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