XTX Topco Ltd Lowers Stock Position in Graco Inc. (NYSE:GGG)

XTX Topco Ltd trimmed its stake in Graco Inc. (NYSE:GGG - Free Report) by 62.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,922 shares of the industrial products company's stock after selling 9,713 shares during the quarter. XTX Topco Ltd's holdings in Graco were worth $499,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of Graco during the 4th quarter valued at about $25,000. TD Private Client Wealth LLC lifted its holdings 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 worth $30,000 after purchasing an additional 190 shares during the last quarter. National Pension Service bought a new position in Graco in the 4th quarter valued at about $34,000. Whipplewood Advisors LLC acquired a new stake in shares of Graco in the fourth quarter valued at $37,000. Finally, Brooklyn Investment Group boosted its position in shares of Graco by 39.1% during the 4th 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 in the last quarter. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Graco Trading Up 0.9 %

Shares of GGG stock traded up $0.74 on Friday, hitting $81.24. 276,604 shares of the stock were exchanged, compared to its average volume of 817,502. The firm has a market capitalization of $13.66 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 2.85 and a beta of 0.92. Graco Inc. has a fifty-two week low of $72.06 and a fifty-two week high of $92.86. The business has a 50-day moving average of $82.47 and a 200 day moving average of $84.70.

Graco (NYSE:GGG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $528.28 million for the quarter, compared to analyst estimates of $526.98 million. Graco had a return on equity of 19.38% and a net margin of 23.00%. As a group, research analysts forecast that Graco Inc. will post 3.06 EPS for the current fiscal year.

Graco Dividend Announcement

The firm 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 $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, April 14th. Graco's dividend payout ratio (DPR) is presently 39.01%.

Wall Street Analysts Forecast Growth

GGG has been the subject of a number of research reports. DA Davidson set a $85.00 price objective on Graco in a research report on Friday, January 31st. Royal Bank of Canada boosted their target price on Graco from $93.00 to $97.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Graco presently has a consensus rating of "Hold" and a consensus price target of $93.00.

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.