Standard Family Office LLC Has $963,000 Holdings in Graco Inc. (NYSE:GGG)

Standard Family Office LLC trimmed its stake in shares of Graco Inc. (NYSE:GGG) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,448 shares of the industrial products company’s stock after selling 500 shares during the quarter. Standard Family Office LLC’s holdings in Graco were worth $963,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Somerset Trust Co increased its holdings in shares of Graco by 4.3% during the first quarter. Somerset Trust Co now owns 3,795 shares of the industrial products company’s stock worth $272,000 after buying an additional 156 shares in the last quarter. Institutional & Family Asset Management LLC increased its holdings in Graco by 1.0% in the 1st quarter. Institutional & Family Asset Management LLC now owns 15,792 shares of the industrial products company’s stock worth $1,131,000 after purchasing an additional 161 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Graco by 2.9% in the first quarter. Mercer Global Advisors Inc. ADV now owns 6,001 shares of the industrial products company’s stock valued at $430,000 after purchasing an additional 171 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Graco by 16.6% during the first quarter. First Horizon Advisors Inc. now owns 1,448 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 206 shares in the last quarter. Finally, Bennett Selby Investments LP grew its holdings in shares of Graco by 0.7% during the first quarter. Bennett Selby Investments LP now owns 33,359 shares of the industrial products company’s stock worth $2,389,000 after purchasing an additional 227 shares during the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

In other news, Director Eric Etchart sold 5,100 shares of the company’s stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $77.20, for a total transaction of $393,720.00. Also, Director Lee R. Mitau sold 18,000 shares of the stock in a transaction on Tuesday, April 27th. The stock was sold at an average price of $77.02, for a total value of $1,386,360.00. Following the completion of the transaction, the director now owns 184,262 shares in the company, valued at $14,191,859.24. The disclosure for this sale can be found here. Insiders sold 101,737 shares of company stock valued at $7,420,714 over the last 90 days. Corporate insiders own 3.63% of the company’s stock.

A number of research firms have weighed in on GGG. Morgan Stanley boosted their target price on shares of Graco from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, April 23rd. Royal Bank of Canada boosted their price objective on shares of Graco from $81.00 to $89.00 and gave the stock an “outperform” rating in a research note on Friday, April 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $76.00.

GGG stock traded down $0.48 during midday trading on Thursday, hitting $73.22. The stock had a trading volume of 1,379 shares, compared to its average volume of 718,775. The company has a current ratio of 3.48, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 3.78 and a beta of 0.59. The company’s fifty day moving average price is $75.50. Graco Inc. has a 1-year low of $45.48 and a 1-year high of $79.37.

Graco (NYSE:GGG) last issued its quarterly earnings results on Tuesday, April 20th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.08. The firm had revenue of $454.10 million for the quarter, compared to analyst estimates of $426.13 million. Graco had a return on equity of 30.60% and a net margin of 20.99%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. Analysts predict that Graco Inc. will post 2.47 EPS for the current fiscal year.

Graco Profile

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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