GW Henssler & Associates Ltd. Has $9.19 Million Holdings in Graco Inc. (NYSE:GGG)

GW Henssler & Associates Ltd. trimmed its holdings in shares of Graco Inc. (NYSE:GGG) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,964 shares of the industrial products company’s stock after selling 1,322 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Graco were worth $9,185,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Brooklyn Investment Group bought a new stake in shares of Graco during the 3rd quarter worth about $30,000. UMB Bank n.a. lifted its holdings in Graco by 187.8% in the 3rd quarter. UMB Bank n.a. now owns 495 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 323 shares during the last quarter. Eastern Bank bought a new stake in Graco during the third quarter worth approximately $59,000. MilWealth Group LLC acquired a new position in Graco during the fourth quarter valued at approximately $63,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Graco in the third quarter valued at approximately $67,000. 93.88% of the stock is currently owned by institutional investors.

Graco Trading Up 0.3 %

Shares of GGG stock opened at $84.15 on Monday. Graco Inc. has a 1 year low of $77.49 and a 1 year high of $94.77. The firm’s fifty day simple moving average is $86.00 and its 200 day simple moving average is $84.67. The firm has a market capitalization of $14.21 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 2.75 and a beta of 0.84.

Graco (NYSE:GGG) last posted its quarterly earnings data on Monday, January 27th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.13). Graco had a return on equity of 19.38% and a net margin of 23.00%. Equities research analysts anticipate that Graco Inc. will post 3.06 EPS for the current fiscal year.

Graco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Monday, January 20th will be issued a $0.275 dividend. This is a boost from Graco’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, January 17th. This represents a $1.10 annualized dividend and a yield of 1.31%. Graco’s dividend payout ratio is 39.01%.

Insiders Place Their Bets

In related news, EVP Kathryn L. Schoenrock sold 1,527 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $90.30, for a total value of $137,888.10. Following the sale, the executive vice president now owns 6,374 shares of the company’s stock, valued at $575,572.20. The trade was a 19.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Caroline M. Chambers sold 8,280 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $90.57, for a total transaction of $749,919.60. Following the completion of the transaction, the insider now directly owns 57,612 shares of the company’s stock, valued at $5,217,918.84. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,098 shares of company stock worth $2,776,150. 2.63% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Graco from $93.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Robert W. Baird decreased their price target on shares of Graco from $88.00 to $85.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, BNP Paribas upgraded Graco from a “neutral” rating to an “outperform” rating and set a $105.00 price objective on the stock in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $91.50.

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.