Epoch Investment Partners Inc. Purchases 435,017 Shares of Graco Inc. (NYSE:GGG)

Epoch Investment Partners Inc. increased its stake in Graco Inc. (NYSE:GGGFree Report) by 106.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 845,535 shares of the industrial products company’s stock after acquiring an additional 435,017 shares during the period. Epoch Investment Partners Inc. owned about 0.50% of Graco worth $73,359,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Meeder Advisory Services Inc. increased its stake in Graco by 5.5% in the 3rd quarter. Meeder Advisory Services Inc. now owns 3,004 shares of the industrial products company’s stock worth $219,000 after buying an additional 157 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Graco by 24.3% during the fourth quarter. Lindbrook Capital LLC now owns 931 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 182 shares in the last quarter. Valley Wealth Managers Inc. grew its position in shares of Graco by 5.9% during the third quarter. Valley Wealth Managers Inc. now owns 3,427 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 192 shares in the last quarter. D.B. Root & Company LLC grew its position in shares of Graco by 1.7% during the fourth quarter. D.B. Root & Company LLC now owns 12,421 shares of the industrial products company’s stock valued at $1,078,000 after purchasing an additional 205 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in shares of Graco by 2.5% in the 3rd quarter. Diversified Trust Co now owns 10,344 shares of the industrial products company’s stock valued at $754,000 after acquiring an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on GGG shares. William Blair reissued a “market perform” rating on shares of Graco in a research note on Friday, April 26th. Robert W. Baird reduced their target price on shares of Graco from $90.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Finally, StockNews.com raised shares of Graco from a “hold” rating to a “buy” rating in a research report on Friday, May 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.25.

View Our Latest Stock Analysis on GGG

Insider Transactions at Graco

In related news, VP Angela F. Wordell sold 3,588 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $93.60, for a total transaction of $335,836.80. Following the completion of the transaction, the vice president now owns 12,725 shares of the company’s stock, valued at approximately $1,191,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Graco news, Director Jody H. Feragen sold 5,036 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $92.29, for a total value of $464,772.44. Following the completion of the transaction, the director now owns 44,903 shares of the company’s stock, valued at approximately $4,144,097.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela F. Wordell sold 3,588 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $93.60, for a total transaction of $335,836.80. Following the completion of the transaction, the vice president now directly owns 12,725 shares of the company’s stock, valued at approximately $1,191,060. The disclosure for this sale can be found here. Insiders sold 8,624 shares of company stock worth $800,609 in the last 90 days. Insiders own 2.63% of the company’s stock.

Graco Stock Down 0.1 %

Shares of GGG stock traded down $0.07 during mid-day trading on Friday, hitting $78.35. 584,384 shares of the stock were exchanged, compared to its average volume of 750,516. The firm has a fifty day moving average of $85.03 and a 200 day moving average of $86.20. Graco Inc. has a 52-week low of $69.78 and a 52-week high of $94.77. The company has a market cap of $13.25 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 2.57 and a beta of 0.82.

Graco (NYSE:GGGGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.09). The company had revenue of $492.19 million for the quarter, compared to analyst estimates of $536.19 million. Graco had a return on equity of 23.01% and a net margin of 23.15%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.74 EPS. Equities analysts predict that Graco Inc. will post 3.05 EPS for the current year.

Graco Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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