Graco Inc. (NYSE:GGG) Shares Sold by iSAM Funds UK Ltd

iSAM Funds UK Ltd cut its position in shares of Graco Inc. (NYSE:GGG) by 70.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,677 shares of the industrial products company’s stock after selling 13,707 shares during the quarter. iSAM Funds UK Ltd’s holdings in Graco were worth $479,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Institute for Wealth Management LLC. lifted its stake in Graco by 2.5% during the fourth quarter. Institute for Wealth Management LLC. now owns 4,860 shares of the industrial products company’s stock worth $410,000 after purchasing an additional 119 shares during the last quarter. Optas LLC lifted its stake in Graco by 4.0% during the fourth quarter. Optas LLC now owns 3,360 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 128 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Graco by 1.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 14,548 shares of the industrial products company’s stock worth $1,226,000 after purchasing an additional 138 shares during the last quarter. IFP Advisors Inc lifted its stake in Graco by 6.1% during the fourth quarter. IFP Advisors Inc now owns 2,782 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 160 shares during the last quarter. Finally, Marshall Financial Group LLC lifted its stake in Graco by 1.3% during the fourth quarter. Marshall Financial Group LLC now owns 12,583 shares of the industrial products company’s stock worth $1,061,000 after purchasing an additional 164 shares during the last quarter. 93.88% of the stock is currently owned by institutional investors.

Insider Activity at Graco

In related news, insider David J. Thompson sold 3,588 shares of Graco stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $86.23, for a total transaction of $309,393.24. Following the sale, the insider now directly owns 27,520 shares in the company, valued at $2,373,049.60. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.19% of the company’s stock.

Graco Stock Performance

Shares of GGG opened at $86.71 on Wednesday. Graco Inc. has a 1 year low of $72.06 and a 1 year high of $92.86. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The firm has a fifty day moving average of $81.71 and a 200-day moving average of $84.66.

Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Graco had a net margin of 23.00% and a return on equity of 19.38%. The business had revenue of $528.28 million for the quarter, compared to analysts’ expectations of $526.98 million. During the same period in the previous year, the business earned $0.65 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Analysts predict that Graco Inc. will post 3.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson set a $85.00 price objective on Graco in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $93.00.

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. 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.