TD Private Client Wealth LLC Grows Position in Graco Inc. (NYSE:GGG)

TD Private Client Wealth LLC lifted its holdings in Graco Inc. (NYSE:GGG) by 118.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 351 shares of the industrial products company’s stock after purchasing an additional 190 shares during the period. TD Private Client Wealth LLC’s holdings in Graco were worth $30,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in shares of Graco in the fourth quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new stake in Graco during the third quarter worth about $30,000. National Pension Service purchased a new position in Graco during the fourth quarter worth about $34,000. Whipplewood Advisors LLC acquired a new position in Graco in the 4th quarter valued at about $37,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Graco in the 4th quarter valued at approximately $61,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Analyst Ratings Changes

GGG has been the topic of several analyst reports. DA Davidson set a $85.00 price target on shares of Graco in a research report on Friday, January 31st. BNP Paribas upgraded Graco from a “neutral” rating to an “outperform” rating and set a $105.00 price target for the company in a report on Thursday, December 19th. Finally, Royal Bank of Canada boosted their price objective on shares of Graco from $93.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. 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, Graco has a consensus rating of “Hold” and an average price target of $93.00.

Graco Stock Up 0.4 %

GGG opened at $84.59 on Thursday. Graco Inc. has a 52 week low of $77.49 and a 52 week high of $94.47. The business has a fifty day simple moving average of $85.08 and a 200-day simple moving average of $85.59. The firm has a market cap of $14.22 billion, a P/E ratio of 30.00, a P/E/G ratio of 2.85 and a beta of 0.83.

Graco (NYSE:GGG) last issued its quarterly earnings results on Monday, January 27th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.13). Graco had a return on equity of 19.38% and a net margin of 23.00%. Sell-side analysts expect that Graco Inc. will post 3.06 earnings per share for the current year.

Graco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.10 dividend on an annualized basis and a yield of 1.30%. Graco’s dividend payout ratio (DPR) is presently 39.01%.

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 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.