Achmea Investment Management BV buys 8,396 shares of Graco Inc. (NYSE:GGG)

Achmea Investment Management BV increased its stake in Graco Inc. (NYSE:GGG – Free Report ) by 95.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,226 shares of the industrial products company’s stock after buying an additional 8,396 shares during the quarter. Achmea Investment Management BV’s holdings in Graco were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Graco by 1,010.8% in the first quarter. SG Americas Securities LLC now owns 55,886 shares of the industrial products company’s stock worth $5,223,000 after purchasing an additional 50,855 shares in the last quarter. Vident Advisory LLC boosted its holdings in Graco by 567.4% in the first quarter. Vident Advisory LLC now owns 42,899 shares of the industrial products company’s stock worth $4,009,000 after purchasing an additional 36,471 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new position in Graco in the 4th quarter valued at about $6,412,000. Secured Retirement Advisors LLC bought a new position in Graco in the 4th quarter valued at about $1,606,000. Finally, TD Asset Management Inc raised its stake in Graco by 14.5% in the first quarter. TD Asset Management Inc now owns 1,440,378 shares of the industrial products company’s stock valued at $134,618,000 after purchasing an additional 182,470 shares in the last quarter. Institutional investors own 93.88% of the company’s shares.

Graco stock performance

Shares of NYSE:GGG opened at $83.09 on Friday. The stock’s 50-day simple moving average is $81.53, and its two-hundred-day simple moving average is $84.21. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.76 and a beta of 0.81. Graco Inc. it has a 52-week low of $69.78 and a 52-week high of $94.77.

Graco (NYSE:GGG – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Graco had a net margin of 23.16% and a return on equity of 22.40%. The company had revenue of $553.20 million for the quarter, compared to the consensus estimate of $562.27 million. In the same quarter last year, the company posted earnings of $0.75 per share. The company’s revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts estimate that Graco Inc. will post 2.98 earnings per share for the current fiscal year.

Analysts set new price targets

Several research analysts recently weighed in on the company. StockNews.com cut Graco from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Robert W. Baird cut their price target on Graco from $87.00 to $86.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Royal Bank of Canada decreased their price target on shares of Graco from $99.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, DA Davidson decreased their price target on shares of Graco from $82.00 to $79.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $86.80.

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About Graco

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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 for applying paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings for roofs as well as markings on roads, parking lots, sports fields and floors.

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