Evoke Wealth LLC Has $4.10 Million Holdings in Graco Inc. (NYSE:GGG)

Evoke Wealth LLC decreased its position in Graco Inc. (NYSE:GGG) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,611 shares of the industrial products company’s stock after selling 2,478 shares during the quarter. Evoke Wealth LLC’s holdings in Graco were worth $4,097,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GGG. Victory Capital Management Inc. increased its position in Graco by 2.6% during the 3rd quarter. Victory Capital Management Inc. now owns 142,918 shares of the industrial products company’s stock worth $12,507,000 after buying an additional 3,608 shares during the period. Oppenheimer Asset Management Inc. increased its position in Graco by 7.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 3,590 shares of the industrial products company’s stock worth $314,000 after acquiring an additional 249 shares during the period. KBC Group NV increased its position in Graco by 25.8% during the third quarter. KBC Group NV now owns 31,991 shares of the industrial products company’s stock worth $2,800,000 after acquiring an additional 6,571 shares during the period. Huntington National Bank boosted its holdings in Graco by 60.4% in the 3rd quarter. Huntington National Bank now owns 953 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 359 shares during the period. Finally, Metis Global Partners LLC grew its position in shares of Graco by 10.7% during the 3rd quarter. Metis Global Partners LLC now owns 6,714 shares of the industrial products company’s stock worth $588,000 after purchasing an additional 649 shares in the last quarter. Institutional investors own 93.88% of the company’s stock.

Graco Price Performance

NYSE GGG opened at $84.33 on Tuesday. The business has a fifty day moving average price of $84.89 and a two-hundred day moving average price of $85.52. The stock has a market capitalization of $14.18 billion, a PE ratio of 29.90, a PEG ratio of 2.85 and a beta of 0.83. Graco Inc. has a fifty-two week low of $77.49 and a fifty-two week high of $94.77.

Graco (NYSE:GGG) last released its quarterly earnings data on Monday, January 27th. The industrial products company reported $0.64 earnings per share 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%. As a group, sell-side analysts expect that Graco Inc. will post 3.06 earnings per share for the current year.

Graco Dividend Announcement

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

Analyst Upgrades and Downgrades

GGG has been the subject of several recent research reports. DA Davidson set a $85.00 price target on Graco in a research note on Friday, January 31st. BNP Paribas upgraded Graco from a “neutral” rating to an “outperform” rating and set a $105.00 target price for the company in a research report on Thursday, December 19th. Finally, Royal Bank of Canada increased their target price on Graco from $93.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $93.00.

Graco 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.