TD Private Client Wealth LLC Increases Stake in Graco Inc. (NYSE:GGG)

TD Private Client Wealth LLC lifted its position in Graco Inc. (NYSE:GGG) by 118.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 351 shares of the industrial products company’s stock after acquiring an additional 190 shares during the quarter. TD Private Client Wealth LLC’s holdings in Graco were worth $30,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Institute for Wealth Management LLC. lifted its stake in Graco by 2.5% in the fourth quarter. Institute for Wealth Management LLC. now owns 4,860 shares of the industrial products company’s stock worth $410,000 after purchasing an additional 119 shares during the last quarter. Albert D Mason Inc. increased its stake in Graco by 0.4% in the fourth quarter. Albert D Mason Inc. now owns 27,923 shares of the industrial products company’s stock worth $2,354,000 after purchasing an additional 121 shares during the period. Optas LLC lifted its position in shares of Graco by 4.0% during the fourth quarter. Optas LLC now owns 3,360 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 128 shares during the last quarter. Brooklyn Investment Group increased its stake in Graco by 39.1% in the 4th quarter. Brooklyn Investment Group now owns 484 shares of the industrial products company’s stock worth $41,000 after buying an additional 136 shares during the period. Finally, IFP Advisors Inc lifted its holdings in Graco by 6.1% during the 4th quarter. IFP Advisors Inc now owns 2,782 shares of the industrial products company’s stock valued at $235,000 after buying an additional 160 shares in the last quarter. 93.88% of the stock is owned by hedge funds and other institutional investors.

Graco Trading Up 0.4 %

Shares of NYSE GGG opened at $84.59 on Thursday. The stock has a market cap of $14.22 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 2.85 and a beta of 0.83. Graco Inc. has a 12 month low of $77.49 and a 12 month high of $94.47. The company has a 50 day simple moving average of $85.08 and a two-hundred day simple moving average of $85.59.

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

Graco Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on GGG. DA Davidson set a $85.00 target price on shares of Graco in a research note on Friday, January 31st. Royal Bank of Canada upped their target price on Graco from $93.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, BNP Paribas upgraded Graco from a “neutral” rating to an “outperform” rating and set a $105.00 price target on the stock in a research note on Thursday, December 19th. Four equities research 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, the company presently has a consensus rating of “Hold” and a consensus price target of $93.00.

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.