Outlook Wealth Advisors LLC Buys 404 Shares of Graco Inc. (NYSE:GGG)

Outlook Wealth Advisors LLC raised its stake in shares of Graco Inc. (NYSE:GGG) by 11.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,014 shares of the industrial products company’s stock after purchasing an additional 404 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Graco were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GGG. SG Americas Securities LLC raised its holdings in Graco by 1,010.8% in the 1st quarter. SG Americas Securities LLC now owns 55,886 shares of the industrial products company’s stock worth $5,223,000 after acquiring an additional 50,855 shares during the period. Vident Advisory LLC increased its stake in shares of Graco by 567.4% in the first quarter. Vident Advisory LLC now owns 42,899 shares of the industrial products company’s stock worth $4,009,000 after purchasing an additional 36,471 shares during the period. TD Asset Management Inc lifted its position in shares of Graco by 14.5% during the 1st quarter. TD Asset Management Inc now owns 1,440,378 shares of the industrial products company’s stock worth $134,618,000 after purchasing an additional 182,470 shares during the last quarter. M&G Plc boosted its stake in Graco by 2.0% during the 2nd quarter. M&G Plc now owns 483,535 shares of the industrial products company’s stock valued at $38,199,000 after purchasing an additional 9,673 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Graco by 2.9% in the 1st quarter. Acadian Asset Management LLC now owns 884,912 shares of the industrial products company’s stock valued at $82,683,000 after buying an additional 24,827 shares during the last quarter. Institutional investors own 93.88% of the company’s stock.

Graco Trading Down 0.2 %

Shares of NYSE GGG opened at $82.14 on Friday. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 2.82 and a beta of 0.81. Graco Inc. has a one year low of $70.80 and a one year high of $94.77. The business has a fifty day simple moving average of $83.93 and a 200 day simple moving average of $82.65.

Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). Graco had a net margin of 23.16% and a return on equity of 22.40%. The business had revenue of $519.21 million during the quarter, compared to analyst estimates of $538.19 million. During the same quarter in the prior year, the company posted $0.76 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, research analysts anticipate that Graco Inc. will post 2.98 earnings per share for the current fiscal year.

Graco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $1.02 annualized dividend and a dividend yield of 1.24%. Graco’s dividend payout ratio is currently 35.29%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GGG. DA Davidson reissued a “neutral” rating and issued a $79.00 price objective on shares of Graco in a research report on Friday, September 27th. Royal Bank of Canada reduced their price target on shares of Graco from $96.00 to $93.00 and set an “outperform” rating for the company in a report on Friday. Finally, Robert W. Baird dropped their price objective on shares of Graco from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $89.25.

Graco Company 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.