Nuance Investments LLC Has $2.56 Million Stock Position in Graco Inc. $GGG

Nuance Investments LLC reduced its holdings in Graco Inc. (NYSE:GGG) by 52.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 31,213 shares of the industrial products company’s stock after selling 34,773 shares during the quarter. Nuance Investments LLC’s holdings in Graco were worth $2,559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GGG. Norges Bank acquired a new position in Graco in the 4th quarter valued at approximately $161,949,000. Caisse de depot et placement du Quebec increased its position in Graco by 236.4% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,279,553 shares of the industrial products company’s stock valued at $108,711,000 after acquiring an additional 899,174 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Graco by 20,706.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,362 shares of the industrial products company’s stock valued at $45,605,000 after acquiring an additional 553,688 shares during the period. AQR Capital Management LLC increased its position in Graco by 116.8% in the 2nd quarter. AQR Capital Management LLC now owns 735,146 shares of the industrial products company’s stock valued at $63,201,000 after acquiring an additional 396,125 shares during the period. Finally, Schroder Investment Management Group increased its position in Graco by 877.5% in the 3rd quarter. Schroder Investment Management Group now owns 334,947 shares of the industrial products company’s stock valued at $28,300,000 after acquiring an additional 300,682 shares during the period. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GGG. Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 price target on shares of Graco in a research report on Friday, April 24th. Weiss Ratings cut shares of Graco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Robert W. Baird decreased their price objective on shares of Graco from $96.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Finally, DA Davidson reiterated a “neutral” rating and set a $85.00 price objective on shares of Graco in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $94.25.

Insider Transactions at Graco

In related news, Director Andrea Helen Simon bought 1,240 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average cost of $80.53 per share, with a total value of $99,857.20. Following the completion of the purchase, the director directly owned 1,240 shares in the company, valued at $99,857.20. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.18% of the stock is currently owned by corporate insiders.

Graco Stock Down 0.0%

GGG opened at $74.28 on Friday. Graco Inc. has a twelve month low of $73.48 and a twelve month high of $95.69. The company has a fifty day moving average of $80.56 and a 200-day moving average of $84.47. The stock has a market cap of $12.33 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.40 and a beta of 0.93.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.09). The firm had revenue of $540.14 million for the quarter, compared to analyst estimates of $561.35 million. Graco had a return on equity of 18.66% and a net margin of 22.96%.The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. Sell-side analysts anticipate that Graco Inc. will post 3.1 EPS for the current fiscal year.

Graco Company Profile

Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco’s solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company’s product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.