Dimensional Fund Advisors LP increased its holdings in Graco Inc. (NYSE:GGG - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,153,531 shares of the industrial products company's stock after acquiring an additional 9,772 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.68% of Graco worth $97,229,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in GGG. Norges Bank purchased a new stake in shares of Graco in the 4th quarter worth approximately $177,434,000. Massachusetts Financial Services Co. MA boosted its position in Graco by 26,738.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,841,916 shares of the industrial products company's stock valued at $155,255,000 after acquiring an additional 1,835,053 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Graco by 244.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,990,742 shares of the industrial products company's stock valued at $174,210,000 after acquiring an additional 1,412,704 shares during the period. Canoe Financial LP raised its position in shares of Graco by 359.2% in the 4th quarter. Canoe Financial LP now owns 640,474 shares of the industrial products company's stock worth $53,986,000 after acquiring an additional 501,003 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Graco during the 4th quarter worth $38,199,000. 93.88% of the stock is owned by hedge funds and other institutional investors.
Graco Stock Up 2.0 %
Shares of GGG traded up $1.62 during mid-day trading on Friday, hitting $83.30. 518,061 shares of the company traded hands, compared to its average volume of 815,707. The company has a market capitalization of $13.92 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.85 and a beta of 0.92. Graco Inc. has a 1-year low of $72.06 and a 1-year high of $92.86. The business has a 50 day moving average of $81.94 and a 200 day moving average of $84.55.
Graco (NYSE:GGG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $528.28 million for the quarter, compared to the consensus estimate of $526.98 million. During the same period in the prior year, the firm earned $0.65 EPS. The firm's revenue was up 7.3% on a year-over-year basis. As a group, research analysts expect that Graco Inc. will post 3.06 EPS for the current fiscal year.
Graco Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Monday, April 14th. Graco's dividend payout ratio (DPR) is 38.87%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on GGG. DA Davidson set a $85.00 target price on shares of Graco in a report on Friday, January 31st. Royal Bank of Canada increased their target price on shares of Graco from $93.00 to $97.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $93.00.
Check Out Our Latest Stock Analysis on GGG
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.
Featured Articles
Before you consider Graco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Graco wasn't on the list.
While Graco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
