Graco Inc. (GGG)

Graco Inc. (NYSE:GGG) Stock Position Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Graco Inc. (NYSE:GGG – Free Report) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,462 shares of the industrial products company’s stock after purchasing an additional 10,164 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Graco were worth $6,437,000 at the end of the most recent quarter. Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Graco by 4.4% in the third quarter. Vanguard Group Inc. now owns 17,085,518 shares of the industrial products company’s stock valued at $1,245,193,000 after purchasing an additional 726,245 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Graco by 4.6% in the 3rd quarter. Northern Trust Corp now owns 1,575,804 shares of the industrial products company’s stock valued at $114,845,000 after purchasing an additional 69,151 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Graco by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,011,221 shares of the industrial products company’s stock worth $87,734,000 after purchasing an additional 22,590 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Graco by 8.7% during the third quarter. Invesco Ltd. now owns 994,086 shares of the industrial products company’s stock worth $72,449,000 after purchasing an additional 79,954 shares during the period. Finally, Burgundy Asset Management Ltd. grew its position in Graco by 1.7% during the third quarter. Burgundy Asset Management Ltd. now owns 790,284 shares of the industrial products company’s stock valued at $57,596,000 after purchasing an additional 13,143 shares in the last quarter. 93.88% of the stock is owned by hedge funds and other institutional investors. Graco Stock Performance GGG opened at $83.02 on Monday. Graco Inc. has a twelve month low of $69.78 and a twelve month high of $94.77. The business has a 50 day moving average price of $88.64 and a 200 day moving average price of $86.06. The firm has a market cap of $14.04 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. Graco (NYSE:GGG – Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.09). Graco had a return on equity of 23.01% and a net margin of 23.15%. The firm had revenue of $492.19 million for the quarter, compared to the consensus estimate of $536.19 million. During the same period in the prior year, the company posted $0.74 earnings per share. Graco’s quarterly revenue was down 7.1% on a year-over-year basis. As a group, analysts anticipate that Graco Inc. will post 3.05 earnings per share for the current fiscal year. Analyst Ratings Changes A number of equities research analysts have issued reports on the stock. Robert W. Baird decreased their target price on shares of Graco from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. StockNews.com lowered Graco from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. William Blair reissued a “market perform” rating on shares of Graco in a research note on Friday, April 26th. Finally, Royal Bank of Canada raised their price objective on shares of Graco from $91.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $88.25. View Our Latest Report on Graco Insider Buying and Selling at Graco In other news, insider Timothy R. White sold 2,500 shares of Graco stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $92.82, for a total value of $232,050.00. Following the transaction, the insider now directly owns 48,282 shares in the company, valued at $4,481,535.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Graco news, insider Timothy R. White sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $92.82, for a total value of $232,050.00. Following the sale, the insider now owns 48,282 shares of the company’s stock, valued at approximately $4,481,535.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela F. Wordell sold 3,588 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $93.60, for a total value of $335,836.80. Following the transaction, the vice president now owns 12,725 shares of the company’s stock, valued at $1,191,060. The disclosure for this sale can be found here. Insiders sold 44,088 shares of company stock worth $4,000,485 over the last ninety days. Company insiders own 2.63% of the company’s stock. Graco Company Profile (Free Report) Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. Read More Five stocks we like better than Graco How to Use the MarketBeat Stock Screener Canada Goose Flies Higher Driven By DTC Growth What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story CVS Health Stock Has a Silver Lining Called Value What Do S&P 500 Stocks Tell Investors About the Market? Magnificent 7 Still Magnificent as the Halfway Mark Approaches?