Graco Inc. (NYSE:GGG) Position Increased by Snyder Capital Management L P

Snyder Capital Management L P boosted its position in shares of Graco Inc. (NYSE:GGG - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 896,343 shares of the industrial products company's stock after purchasing an additional 121,985 shares during the quarter. Graco makes up 1.6% of Snyder Capital Management L P's portfolio, making the stock its 24th biggest holding. Snyder Capital Management L P owned 0.53% of Graco worth $75,553,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Graco during the fourth quarter worth $25,000. TD Private Client Wealth LLC raised its holdings in shares of Graco by 118.0% in the fourth quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company's stock worth $30,000 after acquiring an additional 190 shares during the last quarter. National Pension Service acquired a new position in Graco in the fourth quarter valued at $34,000. Whipplewood Advisors LLC acquired a new position in Graco in the fourth quarter valued at $37,000. Finally, Brooklyn Investment Group increased its stake 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. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GGG. Royal Bank of Canada upped their target price on Graco from $93.00 to $97.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. DA Davidson set a $85.00 price target on shares of Graco in a research report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Graco currently has an average rating of "Hold" and an average target price of $93.00.

Graco Stock Down 0.5 %

GGG stock traded down $0.42 during trading on Wednesday, hitting $81.07. 228,522 shares of the company's stock traded hands, compared to its average volume of 816,624. Graco Inc. has a 52 week low of $72.06 and a 52 week high of $92.86. The stock has a fifty day moving average price of $82.12 and a two-hundred day moving average price of $84.61. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 28.75, 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, beating the consensus estimate of $0.68 by $0.02. Graco had a net margin of 23.00% and a return on equity of 19.38%. The company had revenue of $528.28 million during the quarter, compared to the consensus estimate of $526.98 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts expect that Graco Inc. will post 3.06 EPS for the current fiscal year.

Graco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.36%. The ex-dividend date is Monday, April 14th. Graco's payout ratio is currently 38.87%.

Graco Company 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.