Tounjian Advisory Partners LLC Invests $275,000 in Graco Inc. (NYSE:GGG)

Tounjian Advisory Partners LLC acquired a new position in shares of Graco Inc. (NYSE:GGG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,292 shares of the industrial products company's stock, valued at approximately $275,000.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in Graco by 150.6% during the first quarter. Farther Finance Advisors LLC now owns 7,998 shares of the industrial products company's stock worth $675,000 after acquiring an additional 4,806 shares in the last quarter. Fenimore Asset Management Inc boosted its position in shares of Graco by 0.4% during the 1st quarter. Fenimore Asset Management Inc now owns 1,090,796 shares of the industrial products company's stock worth $91,092,000 after purchasing an additional 4,578 shares in the last quarter. Bennett Selby Investments LP boosted its position in shares of Graco by 1.1% during the 1st quarter. Bennett Selby Investments LP now owns 35,785 shares of the industrial products company's stock worth $2,988,000 after purchasing an additional 372 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Graco by 93.0% in the 1st quarter. UMB Bank n.a. now owns 1,845 shares of the industrial products company's stock valued at $154,000 after buying an additional 889 shares during the period. Finally, Impact Capital Partners LLC increased its position in Graco by 8.9% in the 1st quarter. Impact Capital Partners LLC now owns 8,157 shares of the industrial products company's stock valued at $681,000 after buying an additional 667 shares in the last quarter. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Graco Stock Up 0.6%

NYSE:GGG traded up $0.49 on Tuesday, hitting $85.50. The stock had a trading volume of 426,436 shares, compared to its average volume of 809,073. Graco Inc. has a 52 week low of $72.06 and a 52 week high of $92.86. The business's fifty day moving average is $81.86 and its 200 day moving average is $84.26. The company has a market cap of $14.29 billion, a PE ratio of 30.32, a P/E/G ratio of 2.85 and a beta of 1.07.

Graco (NYSE:GGG - Get Free Report) last announced 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 business had revenue of $528.28 million during 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%. Graco's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. Equities analysts predict that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Graco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, July 21st will be given a $0.275 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.10 annualized dividend and a yield of 1.29%. Graco's payout ratio is 38.87%.

Insider Buying and Selling at Graco

In other Graco news, insider David J. Thompson sold 3,588 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 27,520 shares in the company, 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. Company insiders own 2.19% of the company's stock.

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.