Crestwood Advisors Group LLC Has $277,000 Stock Holdings in Graco Inc. (NYSE:GGG)

Crestwood Advisors Group LLC boosted its position in Graco Inc. (NYSE:GGG) by 23.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,161 shares of the industrial products company’s stock after acquiring an additional 594 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Graco were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its position in shares of Graco by 1,010.8% during the 1st quarter. SG Americas Securities LLC now owns 55,886 shares of the industrial products company’s stock worth $5,223,000 after buying an additional 50,855 shares during the last quarter. Vident Advisory LLC boosted its position in Graco by 567.4% in the first quarter. Vident Advisory LLC now owns 42,899 shares of the industrial products company’s stock valued at $4,009,000 after buying an additional 36,471 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Graco by 14.5% during the first quarter. TD Asset Management Inc now owns 1,440,378 shares of the industrial products company’s stock worth $134,618,000 after buying an additional 182,470 shares during the last quarter. M&G Plc grew its stake in shares of Graco by 2.0% during the second quarter. M&G Plc now owns 483,535 shares of the industrial products company’s stock worth $38,199,000 after buying an additional 9,673 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Graco by 2.9% during the first quarter. Acadian Asset Management LLC now owns 884,912 shares of the industrial products company’s stock worth $82,683,000 after buying an additional 24,827 shares in the last quarter. 93.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. DA Davidson restated a “neutral” rating and set a $79.00 price objective on shares of Graco in a research report on Friday, September 27th. Robert W. Baird reduced their price target on Graco from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Royal Bank of Canada cut their target price on shares of Graco from $96.00 to $93.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Graco currently has an average rating of “Hold” and an average target price of $89.25.

Graco Price Performance

Graco stock opened at $88.75 on Thursday. The stock’s 50 day moving average is $84.04 and its 200 day moving average is $82.25. Graco Inc. has a one year low of $76.28 and a one year high of $94.77. The firm has a market cap of $14.99 billion, a P/E ratio of 31.36, a P/E/G ratio of 2.85 and a beta of 0.82.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). Graco had a net margin of 22.87% and a return on equity of 21.24%. The firm had revenue of $519.21 million during the quarter, compared to the consensus estimate of $538.19 million. During the same period in the prior year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities analysts anticipate that Graco Inc. will post 2.92 earnings per share for the current fiscal year.

Graco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Monday, October 21st. Graco’s dividend payout ratio (DPR) is presently 36.04%.

About Graco

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.