Guggenheim Capital LLC Purchases 203,857 Shares of Graco Inc. (GGG)

Guggenheim Capital LLC raised its position in Graco Inc. (NYSE:GGG) by 7,956.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,419 shares of the industrial products company’s stock after acquiring an additional 203,857 shares during the quarter. Guggenheim Capital LLC owned approximately 0.12% of Graco worth $9,333,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Graco by 213.0% in the fourth quarter. BlackRock Inc. now owns 14,002,690 shares of the industrial products company’s stock worth $633,202,000 after acquiring an additional 9,529,107 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its stake in Graco by 171.7% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 3,907,999 shares of the industrial products company’s stock worth $176,720,000 after acquiring an additional 2,469,513 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Graco by 162.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 3,025,330 shares of the industrial products company’s stock worth $136,805,000 after acquiring an additional 1,872,855 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Graco by 190.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,578,707 shares of the industrial products company’s stock worth $116,609,000 after acquiring an additional 1,689,416 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its stake in Graco by 195.2% in the fourth quarter. Confluence Investment Management LLC now owns 2,347,351 shares of the industrial products company’s stock worth $106,147,000 after acquiring an additional 1,552,175 shares during the last quarter. Institutional investors own 86.19% of the company’s stock.

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A number of brokerages recently issued reports on GGG. Zacks Investment Research downgraded shares of Graco from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine downgraded shares of Graco from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Deutsche Bank upgraded shares of Graco from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Tuesday, January 23rd. Royal Bank of Canada restated a “hold” rating and set a $49.00 price objective on shares of Graco in a research report on Thursday, January 4th. Finally, SunTrust Banks restated a “hold” rating and set a $45.00 price objective on shares of Graco in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $47.33.

In other news, Director William J. Carroll sold 26,625 shares of Graco stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $46.67, for a total value of $1,242,588.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Caroline M. Chambers sold 9,939 shares of Graco stock in a transaction on Monday, February 12th. The shares were sold at an average price of $42.03, for a total transaction of $417,736.17. Following the completion of the transaction, the vice president now directly owns 30,615 shares in the company, valued at $1,286,748.45. The disclosure for this sale can be found here. Insiders have sold a total of 90,564 shares of company stock valued at $4,225,595 in the last 90 days. Insiders own 5.10% of the company’s stock.

Shares of Graco Inc. (GGG) opened at $44.47 on Monday. The firm has a market cap of $7,535.10, a P/E ratio of 29.00, a PEG ratio of 2.38 and a beta of 1.17. The company has a current ratio of 2.70, a quick ratio of 1.67 and a debt-to-equity ratio of 0.31. Graco Inc. has a 12-month low of $30.60 and a 12-month high of $49.69.

Graco (NYSE:GGG) last issued 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). The company had revenue of $374.90 million for the quarter, compared to analysts’ expectations of $369.53 million. Graco had a return on equity of 40.08% and a net margin of 17.12%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS. research analysts expect that Graco Inc. will post 1.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 2nd. Stockholders of record on Monday, April 16th will be given a dividend of $0.1325 per share. The ex-dividend date is Friday, April 13th. This represents a $0.53 annualized dividend and a dividend yield of 1.19%. Graco’s dividend payout ratio is presently 36.47%.

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Graco Company Profile

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.

Institutional Ownership by Quarter for Graco (NYSE:GGG)

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