Dorsey Wright & Associates acquired a new stake in Graco Inc. (NYSE:GGG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 12,069 shares of the industrial products company’s stock, valued at approximately $546,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in Graco by 4.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 108,820 shares of the industrial products company’s stock valued at $13,460,000 after acquiring an additional 5,072 shares in the last quarter. Prudential Financial Inc. increased its position in Graco by 6.3% in the 3rd quarter. Prudential Financial Inc. now owns 348,478 shares of the industrial products company’s stock valued at $43,103,000 after acquiring an additional 20,740 shares in the last quarter. Cigna Investments Inc. New grew its position in shares of Graco by 200.0% during the 4th quarter. Cigna Investments Inc. New now owns 18,744 shares of the industrial products company’s stock worth $848,000 after buying an additional 12,496 shares during the period. CrestPoint Capital Management LLC grew its position in shares of Graco by 200.0% during the 4th quarter. CrestPoint Capital Management LLC now owns 7,800 shares of the industrial products company’s stock worth $353,000 after buying an additional 5,200 shares during the period. Finally, Confluence Investment Management LLC grew its position in shares of Graco by 195.2% during the 4th quarter. Confluence Investment Management LLC now owns 2,347,351 shares of the industrial products company’s stock worth $106,147,000 after buying an additional 1,552,175 shares during the period. Hedge funds and other institutional investors own 85.52% of the company’s stock.
In related news, VP Karen Park Gallivan sold 15,000 shares of Graco stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $132.00, for a total transaction of $1,980,000.00. Following the transaction, the vice president now owns 30,060 shares of the company’s stock, valued at approximately $3,967,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christian E. Rothe sold 12,750 shares of Graco stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $132.01, for a total transaction of $1,683,127.50. Following the transaction, the chief financial officer now directly owns 16,905 shares in the company, valued at approximately $2,231,629.05. The disclosure for this sale can be found here. Insiders have sold a total of 91,689 shares of company stock worth $6,646,134 in the last three months. 5.70% of the stock is owned by insiders.
Graco Inc. (GGG) opened at $46.81 on Friday. Graco Inc. has a one year low of $30.59 and a one year high of $49.69. The firm has a market cap of $7,931.58, a P/E ratio of 30.53, a P/E/G ratio of 2.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.67 and a current ratio of 2.70.
Graco (NYSE:GGG) last released its quarterly earnings data on Monday, January 29th. The industrial products company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Graco had a return on equity of 40.08% and a net margin of 17.12%. The firm had revenue of $374.90 million for the quarter, compared to the consensus estimate of $369.53 million. During the same period in the previous year, the business earned $1.00 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. analysts forecast that Graco Inc. will post 1.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 2nd. Investors of record on Monday, April 16th will be paid a dividend of $0.1325 per share. This represents a $0.53 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, April 13th. Graco’s payout ratio is 36.47%.
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Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.
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