Hanseatic Management Services Inc. raised its holdings in Graco Inc. (NYSE:GGG) by 212.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,274 shares of the industrial products company’s stock after acquiring an additional 15,822 shares during the quarter. Graco comprises approximately 1.1% of Hanseatic Management Services Inc.’s holdings, making the stock its 24th largest position. Hanseatic Management Services Inc.’s holdings in Graco were worth $1,052,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its stake in Graco by 6.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 7,211 shares of the industrial products company’s stock valued at $892,000 after acquiring an additional 413 shares during the last quarter. Comerica Bank raised its position in shares of Graco by 1.0% in the third quarter. Comerica Bank now owns 44,201 shares of the industrial products company’s stock valued at $5,779,000 after purchasing an additional 440 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Graco by 5.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,250 shares of the industrial products company’s stock valued at $1,515,000 after purchasing an additional 600 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Graco by 23.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,603 shares of the industrial products company’s stock valued at $446,000 after purchasing an additional 687 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Graco by 1.1% in the third quarter. State Board of Administration of Florida Retirement System now owns 75,293 shares of the industrial products company’s stock valued at $9,313,000 after purchasing an additional 790 shares during the period. Hedge funds and other institutional investors own 86.39% of the company’s stock.
In related news, VP Caroline M. Chambers sold 9,939 shares of the business’s 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 transaction, the vice president now owns 30,615 shares of the company’s stock, valued at $1,286,748.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Karen Park Gallivan sold 27,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $48.34, for a total transaction of $1,305,180.00. Following the transaction, the vice president now directly owns 72,305 shares in the company, valued at approximately $3,495,223.70. The disclosure for this sale can be found here. Insiders have sold 91,689 shares of company stock worth $6,646,134 in the last ninety days. 5.70% of the stock is currently owned by insiders.
Graco Inc. (NYSE GGG) opened at $46.81 on Monday. Graco Inc. has a 52-week low of $30.59 and a 52-week high of $49.69. The stock has a market cap of $7,880.00, a price-to-earnings ratio of 28.37, 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 announced its earnings results on Monday, January 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $374.90 million for the quarter, compared to the consensus estimate of $369.53 million. During the same period last year, the firm posted $1.00 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. analysts expect that Graco Inc. will post 1.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 2nd. Investors of record on Monday, April 16th will be given a dividend of $0.1325 per share. This represents a $0.53 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, April 13th. Graco’s dividend payout ratio (DPR) is currently 32.12%.
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.
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