New Mexico Educational Retirement Board bought a new position in Graco Inc. (NYSE:GGG) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 41,700 shares of the industrial products company’s stock, valued at approximately $1,886,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ballentine Partners LLC bought a new position in shares of Graco in the 3rd quarter worth $210,000. Boston Private Wealth LLC bought a new position in shares of Graco in the 3rd quarter worth $210,000. Janney Montgomery Scott LLC bought a new position in shares of Graco in the 3rd quarter worth $223,000. CIBC Asset Management Inc bought a new position in shares of Graco in the 3rd quarter worth $234,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Graco in the 3rd quarter worth $256,000. Institutional investors own 36.93% of the company’s stock.
In other news, VP Caroline M. Chambers sold 9,939 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.03, for a total transaction of $417,736.17. Following the completion of the sale, the vice president now directly owns 30,615 shares of the company’s stock, valued at approximately $1,286,748.45. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Caroline M. Chambers sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $131.56, for a total value of $1,315,600.00. Following the sale, the vice president now directly owns 15,191 shares of the company’s stock, valued at $1,998,527.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,689 shares of company stock valued at $7,961,734. Insiders own 5.70% of the company’s stock.
Graco Inc. (NYSE GGG) opened at $44.04 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.67 and a current ratio of 2.70. Graco Inc. has a 52 week low of $29.70 and a 52 week high of $49.69. The firm has a market capitalization of $7,415.90, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 2.35 and a beta of 1.15.
Graco (NYSE:GGG) last issued its quarterly earnings data on Monday, January 29th. The industrial products company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Graco had a net margin of 17.12% and a return on equity of 40.08%. The company had revenue of $374.90 million for the quarter, compared to the consensus estimate of $369.53 million. During the same quarter last year, the business posted $1.00 earnings per share. Graco’s revenue was up 7.4% on a year-over-year basis. equities research analysts anticipate that Graco Inc. will post 1.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 2nd. Stockholders of record on Monday, April 16th will be given a dividend of $0.1325 per share. This represents a $0.53 annualized dividend and a dividend yield of 1.20%. Graco’s dividend payout ratio is presently 36.47%.
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.
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