Fiera Capital Corp Trims Stock Holdings in Graco Inc. $GGG

Fiera Capital Corp trimmed its holdings in Graco Inc. (NYSE:GGG) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,115,821 shares of the industrial products company’s stock after selling 233,561 shares during the quarter. Graco makes up about 1.1% of Fiera Capital Corp’s portfolio, making the stock its 27th biggest position. Fiera Capital Corp owned 2.48% of Graco worth $337,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Assetmark Inc. grew its stake in Graco by 42.6% in the third quarter. Assetmark Inc. now owns 465 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 139 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Graco by 982.6% in the first quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 452 shares in the last quarter. Field & Main Bank bought a new position in Graco in the fourth quarter worth approximately $41,000. Matrix Trust Co grew its stake in Graco by 43.0% in the fourth quarter. Matrix Trust Co now owns 555 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 167 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in Graco by 40.3% in the third quarter. CENTRAL TRUST Co now owns 735 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 211 shares in the last quarter. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

Graco Trading Down 0.1%

Shares of NYSE GGG opened at $74.28 on Monday. The stock has a market capitalization 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. The stock’s fifty day simple moving average is $80.56 and its two-hundred day simple moving average is $84.51. Graco Inc. has a 12-month low of $73.48 and a 12-month high of $95.69.

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

Analyst Ratings Changes

GGG has been the topic of several research analyst reports. DA Davidson reissued a “neutral” rating and issued a $85.00 price objective on shares of Graco in a research note on Monday, April 27th. Robert W. Baird dropped their price objective on Graco from $96.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of Graco in a research note on Friday, April 24th. Finally, Weiss Ratings cut Graco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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 company’s stock in a transaction on Monday, April 27th. The shares were acquired at an average price of $80.53 per share, with a total value of $99,857.20. Following the transaction, the director owned 1,240 shares of the company’s stock, 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. Company insiders own 2.18% of the company’s stock.

Graco 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.