Graco Inc. (NYSE:GGG) Shares Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC increased its position in shares of Graco Inc. (NYSE:GGG) by 1.9% in the third quarter, HoldingsChannel.com reports. The firm owned 10,180 shares of the industrial products company’s stock after acquiring an additional 189 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Graco were worth $891,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GGG. Gradient Investments LLC purchased a new stake in shares of Graco during the 2nd quarter worth approximately $27,000. New Covenant Trust Company N.A. acquired a new stake in Graco during the 1st quarter worth $43,000. UMB Bank n.a. lifted its position in Graco by 187.8% in the third quarter. UMB Bank n.a. now owns 495 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 323 shares during the last quarter. Blue Trust Inc. boosted its stake in Graco by 220.9% in the second quarter. Blue Trust Inc. now owns 690 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 475 shares in the last quarter. Finally, Eastern Bank purchased a new position in shares of Graco during the third quarter worth about $59,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Graco Stock Down 2.6 %

GGG opened at $87.82 on Wednesday. The business has a 50 day moving average price of $85.43 and a two-hundred day moving average price of $82.59. Graco Inc. has a 52 week low of $77.49 and a 52 week high of $94.77. The company has a market cap of $14.83 billion, a PE ratio of 31.03, a P/E/G ratio of 3.07 and a beta of 0.82.

Graco (NYSE:GGG) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.05). Graco had a return on equity of 21.24% and a net margin of 22.87%. The company had revenue of $519.21 million for the quarter, compared to analyst estimates of $538.19 million. During the same period in the prior year, the business earned $0.76 earnings per share. Graco’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, sell-side analysts expect that Graco Inc. will post 2.91 EPS for the current fiscal year.

Graco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.16%. Graco’s dividend payout ratio (DPR) is 36.04%.

Insider Buying and Selling

In related news, insider David J. Thompson sold 3,216 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $88.31, for a total transaction of $284,004.96. Following the transaction, the insider now owns 27,246 shares of the company’s stock, valued at $2,406,094.26. This represents a 10.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter J. O’shea sold 18,075 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $88.76, for a total value of $1,604,337.00. Following the completion of the sale, the insider now directly owns 14,516 shares of the company’s stock, valued at approximately $1,288,440.16. This trade represents a 55.46 % decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GGG has been the subject of several research reports. Robert W. Baird reduced their target price on Graco from $88.00 to $85.00 and set a “neutral” rating for the company in a report on Friday, October 25th. DA Davidson reissued a “neutral” rating and issued a $79.00 price objective on shares of Graco in a report on Friday, September 27th. Finally, Royal Bank of Canada cut their target price on shares of Graco from $96.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $89.25.

About Graco

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.