Fuller & Thaler Asset Management Inc. Has $2.38 Million Stock Holdings in Graco Inc. (NYSE:GGG)

Fuller & Thaler Asset Management Inc. raised its holdings in Graco Inc. (NYSE:GGG - Free Report) by 77.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,198 shares of the industrial products company's stock after purchasing an additional 12,340 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Graco were worth $2,377,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in shares of Graco in the 4th quarter valued at $25,000. TD Private Client Wealth LLC increased its stake in shares of Graco by 118.0% in 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 period. National Pension Service acquired a new stake in shares of Graco during the fourth quarter worth $34,000. Whipplewood Advisors LLC bought a new stake in Graco in the fourth quarter valued at about $37,000. Finally, Brooklyn Investment Group increased its holdings in Graco by 39.1% in the fourth quarter. Brooklyn Investment Group now owns 484 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 93.88% of the company's stock.

Graco Price Performance

Shares of Graco stock traded up $0.23 during trading hours on Thursday, hitting $81.84. The company's stock had a trading volume of 199,941 shares, compared to its average volume of 817,710. Graco Inc. has a 12 month low of $72.06 and a 12 month high of $92.86. The stock has a 50 day moving average of $82.03 and a 200 day moving average of $84.59. The company has a market capitalization of $13.68 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.85 and a beta of 0.92.

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

Graco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be given a dividend of $0.275 per share. The ex-dividend date is Monday, April 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.34%. Graco's dividend payout ratio is currently 38.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Royal Bank of Canada upped their price objective on Graco from $93.00 to $97.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. DA Davidson set a $85.00 price objective on Graco in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $93.00.

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.