Port Capital LLC Has $66.74 Million Stock Holdings in Graco Inc. (NYSE:GGG)

Port Capital LLC lifted its stake in shares of Graco Inc. (NYSE:GGG - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 791,733 shares of the industrial products company's stock after acquiring an additional 8,250 shares during the period. Graco makes up about 3.0% of Port Capital LLC's investment portfolio, making the stock its 12th largest holding. Port Capital LLC owned about 0.47% of Graco worth $66,735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in GGG. Allianz Asset Management GmbH boosted its holdings in Graco by 32.0% during the fourth quarter. Allianz Asset Management GmbH now owns 1,545,846 shares of the industrial products company's stock worth $130,298,000 after purchasing an additional 374,967 shares during the last quarter. PineStone Asset Management Inc. boosted its holdings in Graco by 2.7% during the fourth quarter. PineStone Asset Management Inc. now owns 2,904,681 shares of the industrial products company's stock worth $244,836,000 after purchasing an additional 76,184 shares during the last quarter. Canoe Financial LP boosted its holdings in Graco by 359.2% during the fourth quarter. Canoe Financial LP now owns 640,474 shares of the industrial products company's stock worth $53,986,000 after purchasing an additional 501,003 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Graco by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,054,966 shares of the industrial products company's stock worth $88,923,000 after purchasing an additional 19,545 shares during the last quarter. Finally, Whittier Trust Co. boosted its holdings in Graco by 3.4% during the fourth quarter. Whittier Trust Co. now owns 184,103 shares of the industrial products company's stock worth $15,518,000 after purchasing an additional 6,041 shares during the last quarter. Institutional investors own 93.88% of the company's stock.

Graco Trading Up 1.7%

Shares of Graco stock traded up $1.44 during trading on Friday, hitting $87.37. 704,468 shares of the stock were exchanged, compared to its average volume of 821,540. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The company has a fifty day moving average price of $81.57 and a 200-day moving average price of $84.59. Graco Inc. has a 1-year low of $72.06 and a 1-year high of $92.86.

Graco (NYSE:GGG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The company had revenue of $528.28 million for 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 revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. Equities research analysts forecast that Graco Inc. will post 3.06 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at Graco

In other news, insider David J. Thompson sold 3,588 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $86.23, for a total transaction of $309,393.24. Following the completion of the sale, the insider now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.19% of the stock is owned by company insiders.

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.