UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $100.39 Million Holdings in Graco Inc. (NYSE:GGG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Graco Inc. (NYSE:GGG - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,191,033 shares of the industrial products company's stock after buying an additional 79,881 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.71% of Graco worth $100,392,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of Graco during the 4th quarter valued at about $25,000. TD Private Client Wealth LLC grew its position in shares of Graco by 118.0% during the 4th quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company's stock valued at $30,000 after buying an additional 190 shares during the last quarter. National Pension Service bought a new stake in shares of Graco during the 4th quarter valued at about $34,000. Whipplewood Advisors LLC bought a new position in Graco in the 4th quarter worth about $37,000. Finally, Catalyst Capital Advisors LLC bought a new position in Graco in the 4th quarter worth about $61,000. Institutional investors own 93.88% of the company's stock.

Insider Transactions at Graco

In other news, insider David J. Thompson sold 3,588 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $86.23, for a total transaction of $309,393.24. Following the transaction, the insider now owns 27,520 shares in the company, valued at $2,373,049.60. This represents a 11.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.19% of the stock is currently owned by company insiders.

Graco Price Performance

Graco stock traded up $0.23 during trading hours on Thursday, hitting $84.11. The company had a trading volume of 116,803 shares, compared to its average volume of 816,729. The firm has a market capitalization of $14.06 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The firm's fifty day moving average is $81.80 and its 200-day moving average is $84.58. Graco Inc. has a fifty-two week low of $72.06 and a fifty-two week high of $92.86.

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, topping the consensus estimate of $0.68 by $0.02. Graco had a net margin of 23.00% and a return on equity of 19.38%. The company had revenue of $528.28 million for the quarter, compared to analyst estimates of $526.98 million. During the same quarter in the prior year, the business posted $0.65 EPS. Graco's quarterly revenue was up 7.3% on a year-over-year basis. Analysts anticipate that Graco Inc. will post 3.06 earnings per share for the current year.

Analyst Ratings Changes

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

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.