Wealth Enhancement Advisory Services LLC Purchases 33,015 Shares of Graco Inc. (NYSE:GGG)

Wealth Enhancement Advisory Services LLC increased its position in shares of Graco Inc. (NYSE:GGG - Free Report) by 53.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,253 shares of the industrial products company's stock after buying an additional 33,015 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.06% of Graco worth $8,029,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Blue Trust Inc. raised its stake in Graco by 114.0% during the 4th quarter. Blue Trust Inc. now owns 3,914 shares of the industrial products company's stock valued at $343,000 after purchasing an additional 2,085 shares during the last quarter. MilWealth Group LLC acquired a new position in Graco during the 4th quarter valued at $63,000. Conestoga Capital Advisors LLC raised its stake in Graco by 1.4% during the 4th quarter. Conestoga Capital Advisors LLC now owns 431,224 shares of the industrial products company's stock valued at $36,348,000 after purchasing an additional 6,105 shares during the last quarter. Optas LLC raised its stake in Graco by 4.0% during the 4th quarter. Optas LLC now owns 3,360 shares of the industrial products company's stock valued at $283,000 after purchasing an additional 128 shares during the last quarter. Finally, Trust Point Inc. raised its stake in Graco by 8.3% during the 4th quarter. Trust Point Inc. now owns 2,856 shares of the industrial products company's stock valued at $241,000 after purchasing an additional 219 shares during the last quarter. 93.88% of the stock is owned by institutional investors.

Insider Activity

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 value of $309,393.24. Following the completion of the transaction, the insider now owns 27,520 shares in the company, valued at approximately $2,373,049.60. This represents a 11.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.19% of the company's stock.

Graco Trading Down 0.5%

NYSE:GGG traded down $0.39 during trading hours on Thursday, hitting $83.90. 475,315 shares of the company traded hands, compared to its average volume of 810,652. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 2.85 and a beta of 1.09. Graco Inc. has a twelve month low of $72.06 and a twelve month high of $92.86. The firm has a 50-day moving average of $81.84 and a 200 day moving average of $84.38.

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

Graco 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.