LS Investment Advisors LLC Reduces Stake in Graco Inc. (GGG)

LS Investment Advisors LLC cut its position in Graco Inc. (NYSE:GGG) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,844 shares of the industrial products company’s stock after selling 44 shares during the period. LS Investment Advisors LLC’s holdings in Graco were worth $362,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Profund Advisors LLC increased its position in Graco by 0.5% in the first quarter. Profund Advisors LLC now owns 7,738 shares of the industrial products company’s stock worth $728,000 after buying an additional 37 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Graco by 1.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,562 shares of the industrial products company’s stock worth $379,000 after buying an additional 76 shares during the period. Creative Planning increased its position in Graco by 5.4% in the first quarter. Creative Planning now owns 1,496 shares of the industrial products company’s stock worth $141,000 after buying an additional 76 shares during the period. Cardinal Capital Management increased its position in Graco by 1.4% in the first quarter. Cardinal Capital Management now owns 6,390 shares of the industrial products company’s stock worth $602,000 after buying an additional 88 shares during the period. Finally, BB&T Corp increased its position in Graco by 5.4% in the first quarter. BB&T Corp now owns 2,556 shares of the industrial products company’s stock worth $241,000 after buying an additional 130 shares during the period. Institutional investors own 88.67% of the company’s stock.

Institutional Ownership by Quarter for Graco (NYSE:GGG)

Shares of Graco Inc. (NYSE:GGG) traded up 0.56% during midday trading on Friday, hitting $110.81. The company had a trading volume of 171,613 shares. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 103.37 and a beta of 1.27. Graco Inc. has a one year low of $69.33 and a one year high of $111.69. The company’s 50 day moving average is $101.46 and its 200 day moving average is $90.36.

Graco (NYSE:GGG) last issued its earnings results on Wednesday, April 26th. The industrial products company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.30. Graco had a return on equity of 31.04% and a net margin of 3.06%. The firm had revenue of $340.59 million for the quarter, compared to the consensus estimate of $315.62 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that Graco Inc. will post $4.15 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on the company. Royal Bank of Canada restated a “hold” rating and issued a $104.00 price objective on shares of Graco in a report on Friday, April 28th. Zacks Investment Research downgraded Graco from a “buy” rating to a “hold” rating in a report on Friday, March 3rd. TheStreet upgraded Graco from a “c+” rating to a “b+” rating in a report on Thursday, April 27th. Finally, Wunderlich downgraded Graco from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Wednesday, February 1st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $92.00.

In other Graco news, VP Charles L. Rescorla sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $109.99, for a total value of $3,299,700.00. Following the completion of the sale, the vice president now owns 91,802 shares of the company’s stock, valued at $10,097,301.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Elena Polyakova sold 360,000 shares of the business’s stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $0.12, for a total value of $43,200.00. Insiders sold 604,956 shares of company stock worth $13,822,472 in the last 90 days. Corporate insiders own 5.60% 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. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.

5 Day Chart for NYSE:GGG

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