CANADA LIFE ASSURANCE Co Has $25.98 Million Holdings in Graco Inc. (NYSE:GGG)

CANADA LIFE ASSURANCE Co raised its stake in Graco Inc. (NYSE:GGG) by 71.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 308,338 shares of the industrial products company’s stock after buying an additional 128,109 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Graco were worth $25,982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GGG. Golden State Wealth Management LLC bought a new stake in shares of Graco in the 4th quarter valued at about $25,000. TD Private Client Wealth LLC grew its holdings in Graco by 118.0% during the fourth quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 190 shares during the period. National Pension Service bought a new stake in Graco in the fourth quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new stake in Graco in the fourth quarter worth $37,000. Finally, Brooklyn Investment Group boosted its position in shares of Graco by 39.1% during the fourth quarter. Brooklyn Investment Group now owns 484 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 136 shares in the last quarter. Institutional investors own 93.88% of the company’s stock.

Wall Street Analysts Forecast Growth

GGG has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on shares of Graco from $93.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. DA Davidson set a $85.00 price target on Graco in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Graco has a consensus rating of “Hold” and a consensus target price of $93.00.

Graco Trading Up 0.2 %

GGG opened at $78.59 on Friday. The stock has a market capitalization of $13.21 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.85 and a beta of 0.92. Graco Inc. has a 12 month low of $72.06 and a 12 month high of $92.86. The firm’s fifty day simple moving average is $83.03 and its 200 day simple moving average is $84.89.

Graco (NYSE:GGG) last issued its quarterly 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%. On average, equities research analysts predict that Graco Inc. will post 3.06 EPS for the current fiscal year.

Graco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be issued a $0.275 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.40%. Graco’s dividend payout ratio (DPR) is presently 39.01%.

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.