Krilogy Financial LLC Makes New Investment in Graco Inc. $GGG

Krilogy Financial LLC acquired a new stake in Graco Inc. (NYSE:GGG) in the third quarter, Holdings Channel reports. The fund acquired 7,770 shares of the industrial products company’s stock, valued at approximately $612,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC acquired a new stake in Graco during the first quarter worth approximately $26,000. Whipplewood Advisors LLC increased its stake in Graco by 2,650.0% during the 1st quarter. Whipplewood Advisors LLC now owns 330 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 318 shares during the period. Essential Partners LLC increased its stake in Graco by 78.6% during the 1st quarter. Essential Partners LLC now owns 359 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 158 shares during the period. Elevation Wealth Partners LLC raised its holdings in Graco by 2,540.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 528 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 508 shares in the last quarter. Finally, Root Financial Partners LLC raised its holdings in Graco by 43.2% in the 1st quarter. Root Financial Partners LLC now owns 504 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 93.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GGG. DA Davidson restated a “neutral” rating and issued a $85.00 price target on shares of Graco in a research report on Monday, July 27th. Royal Bank Of Canada dropped their price target on Graco from $96.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday. Wolfe Research cut shares of Graco from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Weiss Ratings raised shares of Graco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Finally, Robert W. Baird set a $94.00 price objective on shares of Graco in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Graco presently has an average rating of “Hold” and a consensus target price of $94.75.

Graco Price Performance

Shares of NYSE:GGG opened at $82.06 on Friday. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 2.54 and a beta of 0.89. The business’s 50-day moving average is $78.89 and its 200-day moving average is $78.63. Graco Inc. has a 1 year low of $72.51 and a 1 year high of $95.69.

Graco (NYSE:GGG) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. Graco had a return on equity of 19.54% and a net margin of 23.53%. The business had revenue of $590.55 million during the quarter, compared to analyst estimates of $608.06 million. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Graco Inc. will post 3.22 EPS for the current year.

Graco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Monday, October 19th will be paid a $0.2950 dividend. The ex-dividend date is Monday, October 19th. This represents a $1.18 annualized dividend and a yield of 1.4%. Graco’s dividend payout ratio (DPR) is 37.11%.

Graco Profile

Graco Inc is a Minneapolis-based manufacturer of equipment used to manage, measure, control and apply fluids and coatings. Its products are used in industrial, commercial and residential applications, including fluid handling, lubrication, dispensing, sealing, bonding, painting and corrosion protection.

The company’s product portfolio includes pumps, valves, meters, regulators, controls, proportioning systems and spray equipment. Graco also supplies equipment for paint and texture application, protective coatings, sealants and adhesives, vehicle servicing, and the automated lubrication of machinery.