Janney Montgomery Scott LLC bought a new position in Graco Inc. (NYSE:GGG) during the first quarter, according to its most recent filing with the SEC. The firm bought 14,270 shares of the industrial products company’s stock, valued at approximately $707,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. NumerixS Investment Technologies Inc bought a new position in shares of Graco in the 4th quarter worth $25,000. JOYN Advisors Inc. lifted its stake in Graco by 222.4% during the 4th quarter. JOYN Advisors Inc. now owns 690 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 476 shares in the last quarter. Riverview Trust Co bought a new position in Graco during the 4th quarter valued at $49,000. Intercontinental Wealth Advisors LLC bought a new position in Graco during the 4th quarter valued at $61,000. Finally, Oregon Public Employees Retirement Fund lifted its stake in Graco by 4,085.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,782,062 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 2,715,585 shares in the last quarter. Institutional investors own 85.06% of the company’s stock.
In other news, VP Angela F. Wordell sold 7,500 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $47.50, for a total transaction of $356,250.00. Following the completion of the sale, the vice president now directly owns 15,802 shares of the company’s stock, valued at approximately $750,595. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark W. Sheahan sold 54,000 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $47.17, for a total value of $2,547,180.00. Following the sale, the chief financial officer now directly owns 113,410 shares of the company’s stock, valued at $5,349,549.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 482,948 shares of company stock valued at $23,695,607. Insiders own 4.23% of the company’s stock.
Shares of NYSE:GGG opened at $48.68 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. Graco Inc. has a 1-year low of $37.36 and a 1-year high of $53.91. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 25.89, a P/E/G ratio of 2.10 and a beta of 0.97.
Graco (NYSE:GGG) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.02). Graco had a net margin of 20.72% and a return on equity of 41.51%. The business had revenue of $404.90 million for the quarter, compared to analysts’ expectations of $415.70 million. During the same period in the prior year, the business earned $0.48 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, sell-side analysts forecast that Graco Inc. will post 2 earnings per share for the current year.
Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.
Further Reading: Debt-To-Equity Ratio
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