Financial Engines Advisors L.L.C. Has $729,000 Stock Position in Graco Inc. (NYSE:GGG)

Financial Engines Advisors L.L.C. lessened its holdings in shares of Graco Inc. (NYSE:GGG) by 20.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,655 shares of the industrial products company’s stock after selling 2,167 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Graco were worth $729,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GGG. Golden State Wealth Management LLC purchased a new stake in shares of Graco during the fourth quarter valued at approximately $25,000. Brooklyn Investment Group bought a new position in Graco in the 3rd quarter worth about $30,000. TD Private Client Wealth LLC grew its stake 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 acquiring an additional 190 shares in the last quarter. National Pension Service bought a new position in shares of Graco in the fourth quarter worth $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Graco in the 4th quarter valued at about $37,000. Institutional investors own 93.88% of the company’s stock.

Graco Price Performance

NYSE:GGG opened at $84.43 on Friday. The firm’s 50-day moving average price is $85.06 and its 200-day moving average price is $85.58. Graco Inc. has a 1-year low of $77.49 and a 1-year high of $94.47. The company has a market capitalization of $14.20 billion, a PE ratio of 29.94, a P/E/G ratio of 2.85 and a beta of 0.83.

Graco (NYSE:GGG) last released its quarterly earnings data on Monday, January 27th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.13). Graco had a net margin of 23.00% and a return on equity of 19.38%. Equities analysts anticipate that Graco Inc. will post 3.06 EPS for the current fiscal year.

Graco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Monday, April 14th. Graco’s dividend payout ratio (DPR) is 39.01%.

Wall Street Analyst Weigh In

A number of brokerages have commented on GGG. BNP Paribas upgraded shares of Graco from a “neutral” rating to an “outperform” rating and set a $105.00 price target on the stock in a research report on Thursday, December 19th. DA Davidson set a $85.00 price target on Graco in a research report on Friday, January 31st. Finally, Royal Bank of Canada boosted 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.