Mitsubishi UFJ Trust & Banking Corp Has $17.23 Million Stock Holdings in Graco Inc. (NYSE:GGG)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Graco Inc. (NYSE:GGGFree Report) by 16.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 236,474 shares of the industrial products company’s stock after purchasing an additional 33,125 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Graco were worth $17,234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GGG. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Graco by 16.2% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,198 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 585 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Graco by 24.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 147,612 shares of the industrial products company’s stock worth $10,758,000 after purchasing an additional 28,589 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Graco by 47.7% during the 2nd quarter. Fifth Third Bancorp now owns 1,920 shares of the industrial products company’s stock worth $166,000 after purchasing an additional 620 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Graco by 3.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,253 shares of the industrial products company’s stock worth $1,922,000 after purchasing an additional 717 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Graco by 458.5% during the 2nd quarter. Van ECK Associates Corp now owns 24,998 shares of the industrial products company’s stock worth $2,159,000 after purchasing an additional 20,522 shares during the last quarter. 84.94% of the stock is owned by institutional investors.

Graco Stock Down 0.1 %

GGG stock opened at $88.11 on Tuesday. Graco Inc. has a 52 week low of $66.17 and a 52 week high of $88.31. The business has a 50-day simple moving average of $85.05 and a 200 day simple moving average of $79.42. The company has a market cap of $14.87 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.81 and a beta of 0.81.

Graco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Monday, January 22nd were given a $0.255 dividend. The ex-dividend date was Friday, January 19th. This is a boost from Graco’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 1.16%. Graco’s payout ratio is presently 34.69%.

Insider Transactions at Graco

In related news, insider Anthony J. Gargano sold 1,395 shares of Graco stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $88.00, for a total value of $122,760.00. Following the transaction, the insider now directly owns 5,697 shares of the company’s stock, valued at $501,336. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Graco news, insider Anthony J. Gargano sold 1,395 shares of Graco stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $88.00, for a total value of $122,760.00. Following the transaction, the insider now owns 5,697 shares in the company, valued at $501,336. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Caroline M. Chambers sold 12,992 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $80.59, for a total transaction of $1,047,025.28. Following the completion of the sale, the insider now owns 56,409 shares in the company, valued at $4,546,001.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,024 shares of company stock valued at $2,645,923. Company insiders own 2.98% of the company’s stock.

Analyst Ratings Changes

GGG has been the topic of several recent analyst reports. StockNews.com upgraded shares of Graco from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Jefferies Financial Group upped their price target on shares of Graco from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Royal Bank of Canada lifted their price objective on shares of Graco from $91.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Graco currently has a consensus rating of “Moderate Buy” and an average price target of $84.80.

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Graco Profile

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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 company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; equipment that pumps, meters, mixes and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems and applicators, and precision dispensing solutions.

See Also

Want to see what other hedge funds are holding GGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graco Inc. (NYSE:GGGFree Report).

Institutional Ownership by Quarter for Graco (NYSE:GGG)

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