B.O.S.S. Retirement Advisors LLC Has $382,000 Stock Position in Graco Inc. (NYSE:GGG)

B.O.S.S. Retirement Advisors LLC lifted its stake in Graco Inc. (NYSE:GGG) by 53.7% during the 3rd quarter, Holdings Channel reports. The firm owned 4,367 shares of the industrial products company’s stock after acquiring an additional 1,525 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Graco were worth $382,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Gradient Investments LLC bought a new position in Graco during the second quarter worth about $27,000. New Covenant Trust Company N.A. acquired a new stake in shares of Graco in the 1st quarter valued at approximately $43,000. UMB Bank n.a. boosted its stake in Graco by 187.8% during the 3rd quarter. UMB Bank n.a. now owns 495 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 323 shares during the last quarter. Tobam grew its holdings in Graco by 90.2% during the first quarter. Tobam now owns 601 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 285 shares during the period. Finally, Blue Trust Inc. increased 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 purchasing an additional 475 shares in the last quarter. 93.88% of the stock is owned by institutional investors and hedge funds.

Graco Trading Down 0.3 %

GGG opened at $85.89 on Friday. The stock has a market capitalization of $14.53 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.88 and a beta of 0.81. Graco Inc. has a 12 month low of $69.78 and a 12 month high of $94.77. The firm’s fifty day simple moving average is $83.52 and its 200 day simple moving average is $83.06.

Graco (NYSE:GGG) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The company had revenue of $553.20 million for the quarter, compared to analyst estimates of $562.27 million. Graco had a return on equity of 22.40% and a net margin of 23.16%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. On average, equities research analysts predict that Graco Inc. will post 2.98 EPS for the current fiscal year.

Graco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Monday, October 21st. Graco’s dividend payout ratio (DPR) is currently 35.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GGG. Royal Bank of Canada reduced their price target on shares of Graco from $99.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Robert W. Baird reduced their target price on Graco from $87.00 to $86.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Finally, DA Davidson restated a “neutral” rating and issued a $79.00 price target on shares of Graco in a report on Friday, September 27th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $90.25.

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.