Lindbrook Capital LLC Purchases 182 Shares of Graco Inc. (NYSE:GGG)

Lindbrook Capital LLC boosted its position in shares of Graco Inc. (NYSE:GGG) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 931 shares of the industrial products company’s stock after purchasing an additional 182 shares during the period. Lindbrook Capital LLC’s holdings in Graco were worth $81,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GGG. DAVENPORT & Co LLC increased its holdings in Graco by 3.9% during the 3rd quarter. DAVENPORT & Co LLC now owns 8,595 shares of the industrial products company’s stock worth $626,000 after purchasing an additional 326 shares in the last quarter. Private Trust Co. NA increased its holdings in Graco by 298.9% during the 3rd quarter. Private Trust Co. NA now owns 714 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 535 shares in the last quarter. SS&H Financial Advisors Inc. bought a new position in Graco during the 3rd quarter worth about $213,000. Harvey Investment Co. LLC bought a new position in shares of Graco in the 3rd quarter valued at about $305,000. Finally, Simplicity Solutions LLC grew its holdings in shares of Graco by 2.7% in the 3rd quarter. Simplicity Solutions LLC now owns 20,522 shares of the industrial products company’s stock valued at $1,496,000 after acquiring an additional 547 shares in the last quarter. Institutional investors own 93.88% of the company’s stock.

Graco Stock Performance

Shares of NYSE:GGG opened at $89.35 on Thursday. Graco Inc. has a 52-week low of $68.78 and a 52-week high of $94.77. The company has a market capitalization of $15.06 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 2.85 and a beta of 0.81. The company has a 50-day simple moving average of $91.23 and a 200 day simple moving average of $84.82.

Graco (NYSE:GGG) last issued its earnings results on Monday, January 29th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Graco had a net margin of 23.07% and a return on equity of 24.61%. The business had revenue of $566.64 million during the quarter, compared to the consensus estimate of $565.86 million. As a group, equities analysts forecast that Graco Inc. will post 3.14 earnings per share for the current year.

Graco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.02 annualized dividend and a yield of 1.14%. Graco’s dividend payout ratio (DPR) is currently 34.69%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised their price objective on Graco from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, January 11th. StockNews.com upgraded Graco from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada raised their price objective on Graco from $91.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $84.80.

Insider Activity at Graco

In other Graco news, insider Timothy R. White sold 2,895 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $87.49, for a total transaction of $253,283.55. Following the completion of the sale, the insider now directly owns 50,782 shares in the company, valued at $4,442,917.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Graco news, insider Anthony J. Gargano sold 1,395 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $88.00, for a total transaction of $122,760.00. Following the completion of the sale, the insider now directly owns 5,697 shares in the company, valued at $501,336. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy R. White sold 2,895 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $87.49, for a total transaction of $253,283.55. Following the sale, the insider now owns 50,782 shares of the company’s stock, valued at $4,442,917.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,378 shares of company stock worth $4,376,528. Insiders own 2.63% of the company’s stock.

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.