November 30, 2016 - By Winifred Garcia · 0 Comments
Graco Inc (NYSE:GGG) institutional sentiment increased to 1.18 in 2016 Q2. Its up 0.23, from 0.95 in 2016Q1. The ratio is more positive, as 123 hedge funds opened new or increased stock positions, while 130 decreased and sold holdings in Graco Inc. The hedge funds in our partner’s database reported: 48.56 million shares, down from 50.41 million shares in 2016Q1. Also, the number of hedge funds holding Graco Inc in their top 10 stock positions decreased from 7 to 4 for a decrease of 3. Sold All: 37 Reduced: 93 Increased: 102 New Position: 21.
Graco Inc. is a manufacturing company. The company has a market cap of $4.53 billion. The Firm designs, makes and markets equipment to pump, meter, mix and dispense fluid and powder materials. It has a 23.57 P/E ratio. The Firm operates through three divisions: Industrial, Process and Contractor.
About 22,472 shares traded hands. Graco Inc. (NYSE:GGG) has risen 1.11% since April 27, 2016 and is uptrending. It has underperformed by 4.12% the S&P500.
Analysts await Graco Inc. (NYSE:GGG) to report earnings on January, 23. They expect $0.85 earnings per share, down 8.60% or $0.08 from last year’s $0.93 per share. GGG’s profit will be $47.00 million for 24.15 P/E if the $0.85 EPS becomes a reality. After $0.95 actual earnings per share reported by Graco Inc. for the previous quarter, Wall Street now forecasts -10.53% negative EPS growth.
According to Zacks Investment Research, “Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial settings. Based in Minneapolis, Minnesota, Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries. It designs, manu-factures and markets systems and equipment to move, measure, control, dispense and apply fluid materials. The Company helps customers solve difficult manufacturing problems, increase productivity, improve quality, conserve energy, and save expensive materials.”
Underhill Investment Management Llc holds 8.03% of its portfolio in Graco Inc. for 188,450 shares. Mairs & Power Inc owns 2.94 million shares or 3.14% of their US portfolio. Moreover, Snyder Capital Management L P has 2.95% invested in the company for 574,021 shares. The Michigan-based Jlb & Associates Inc has invested 2.43% in the stock. Quantum Capital Management Llc Nj, a New Jersey-based fund reported 86,204 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 6 insider sales for $6.56 million net activity.
Ratings analysis reveals 13% of Graco Inc’s analysts are positive. Out of 8 Wall Street analysts rating Graco Inc, 1 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $70 while the high is $83. The stock’s average target of $74.67 is -8.99% below today’s ($82.05) share price. GGG was included in 10 notes of analysts from September 15, 2015. The rating was initiated by Suntrust Robinson with “Buy” on Tuesday, November 3. The firm has “Market Perform” rating given on Thursday, July 21 by William Blair. The stock has “Neutral” rating given by SunTrust on Thursday, April 14. RBC Capital Markets maintained the shares of GGG in a report on Wednesday, January 27 with “Underperform” rating. The stock of Graco Inc. (NYSE:GGG) earned “Buy” rating by SunTrust on Tuesday, November 3. As per Tuesday, September 15, the company rating was initiated by Alembic. Deutsche Bank initiated the shares of GGG in a report on Wednesday, September 7 with “Hold” rating. As per Thursday, September 17, the company rating was initiated by Alembic. Seaport Global downgraded the stock to “Neutral” rating in Tuesday, March 22 report. Sidoti downgraded the shares of GGG in a report on Monday, April 4 to “Neutral” rating.
Graco Inc. (Graco), incorporated on December 18, 1947, is a manufacturing company. The Firm designs, makes and markets equipment used to pump, meter, mix and dispense fluid and powder materials. The Firm operates through three divisions: Industrial, Process and Contractor. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids. The Process segment markets pumps, valves, meters and accessories to move and dispense chemicals, oil and natural gas, water, wastewater, petroleum, food, lubricants and other fluids. The Contractor segment markets sprayers for architectural coatings for painting, corrosion control, texture and line striping. The Company’s equipment is used in the construction, automotive, mining, oil and natural gas, process, public works and other industries. Graco sells its products in North, Central and South America (the Americas), Europe, the Middle East and Africa (EMEA) and Asia Pacific.
Another recent and important Graco Inc. (NYSE:GGG) news was published by Businesswire.com which published an article titled: “Graco Inc. Announces Second Quarter 2016 Earnings Conference Call” on June 23, 2016.
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By Winifred Garcia