Impact Capital Partners LLC Makes New Investment in Graco Inc. (NYSE:GGG)

Impact Capital Partners LLC acquired a new position in Graco Inc. (NYSE:GGG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,490 shares of the industrial products company’s stock, valued at approximately $631,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Citizens Financial Group Inc. RI bought a new stake in Graco in the fourth quarter valued at about $232,000. Daiwa Securities Group Inc. increased its holdings in Graco by 2.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 13,100 shares of the industrial products company’s stock valued at $1,104,000 after purchasing an additional 300 shares during the last quarter. Simplicity Wealth LLC increased its holdings in Graco by 2.6% in the fourth quarter. Simplicity Wealth LLC now owns 10,013 shares of the industrial products company’s stock valued at $844,000 after purchasing an additional 258 shares during the last quarter. Dundas Partners LLP increased its holdings in Graco by 16.9% in the fourth quarter. Dundas Partners LLP now owns 7,208 shares of the industrial products company’s stock valued at $608,000 after purchasing an additional 1,041 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in Graco in the fourth quarter valued at about $248,000. Institutional investors and hedge funds own 93.88% of the company’s stock.

Graco Trading Down 1.1 %

Graco stock opened at $83.85 on Thursday. Graco Inc. has a 12 month low of $77.49 and a 12 month high of $94.77. The business’s 50 day simple moving average is $84.89 and its 200 day simple moving average is $85.46. The company has a market cap of $14.21 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.85 and a beta of 0.83.

Graco (NYSE:GGG) last released its earnings results on Monday, January 27th. The industrial products company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.13). Graco had a net margin of 23.00% and a return on equity of 19.38%. As a group, equities research analysts forecast that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Graco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.31%. Graco’s payout ratio is 39.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GGG. DA Davidson set a $85.00 price objective on Graco in a report on Friday, January 31st. BNP Paribas raised Graco from a “neutral” rating to an “outperform” rating and set a $105.00 price target for the company in a research report on Thursday, December 19th. Finally, Royal Bank of Canada raised their price objective on Graco from $93.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.00.

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.