Disciplined Growth Investors Inc. MN Sells 15,642 Shares of Graco Inc. (GGG)

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Disciplined Growth Investors Inc. MN decreased its holdings in Graco Inc. (NYSE:GGG) by 1.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,354,595 shares of the industrial products company’s stock after selling 15,642 shares during the quarter. Disciplined Growth Investors Inc. MN’s holdings in Graco were worth $61,255,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. purchased a new stake in shares of Graco during the 1st quarter worth approximately $2,859,000. Swiss National Bank raised its holdings in shares of Graco by 2.3% during the 1st quarter. Swiss National Bank now owns 292,500 shares of the industrial products company’s stock worth $13,373,000 after acquiring an additional 6,600 shares in the last quarter. ING Groep NV purchased a new stake in shares of Graco during the 1st quarter worth approximately $485,000. Thrivent Financial for Lutherans raised its holdings in shares of Graco by 4.8% during the 1st quarter. Thrivent Financial for Lutherans now owns 38,651 shares of the industrial products company’s stock worth $1,767,000 after acquiring an additional 1,778 shares in the last quarter. Finally, Neuburgh Advisers LLC raised its holdings in shares of Graco by 21.7% during the 1st quarter. Neuburgh Advisers LLC now owns 18,502 shares of the industrial products company’s stock worth $846,000 after acquiring an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 85.69% of the company’s stock.

Several analysts have recently issued reports on GGG shares. Zacks Investment Research raised Graco from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Friday, July 6th. Oppenheimer reaffirmed a “hold” rating on shares of Graco in a report on Wednesday, August 22nd. DA Davidson set a $49.00 price objective on Graco and gave the stock a “hold” rating in a report on Monday, August 20th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $49.00 price objective on shares of Graco in a report on Friday, July 27th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $49.17.

NYSE GGG opened at $48.15 on Friday. The company has a market cap of $7.93 billion, a PE ratio of 28.18, a P/E/G ratio of 2.97 and a beta of 1.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.64 and a current ratio of 2.65. Graco Inc. has a fifty-two week low of $39.21 and a fifty-two week high of $49.69.

Graco (NYSE:GGG) last released its earnings results on Wednesday, July 25th. The industrial products company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.02). The company had revenue of $424.60 million for the quarter, compared to the consensus estimate of $421.19 million. Graco had a net margin of 18.07% and a return on equity of 40.67%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. equities analysts expect that Graco Inc. will post 1.84 earnings per share for the current year.

In other news, insider Caroline M. Chambers sold 97,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $47.10, for a total transaction of $4,592,250.00. Following the transaction, the insider now owns 119,092 shares of the company’s stock, valued at approximately $5,609,233.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jack W. Eugster sold 32,297 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $46.66, for a total value of $1,506,978.02. Following the transaction, the director now directly owns 103,251 shares in the company, valued at approximately $4,817,691.66. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

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. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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