Quantum Capital Management LLC NJ Purchases 4,173 Shares of Graco Inc. (NYSE:GGG)

Quantum Capital Management LLC NJ increased its position in Graco Inc. (NYSE:GGG) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 570,182 shares of the industrial products company’s stock after acquiring an additional 4,173 shares during the period. Graco makes up about 6.8% of Quantum Capital Management LLC NJ’s investment portfolio, making the stock its 7th biggest position. Quantum Capital Management LLC NJ owned approximately 0.34% of Graco worth $28,612,000 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 GGG. Icon Wealth Partners LLC purchased a new stake in Graco in the 1st quarter valued at approximately $25,000. Krane Funds Advisors LLC purchased a new stake in Graco in the 2nd quarter valued at approximately $25,000. Alpha Quant Advisors LLC lifted its stake in Graco by 91.9% in the 1st quarter. Alpha Quant Advisors LLC now owns 783 shares of the industrial products company’s stock valued at $39,000 after buying an additional 375 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Graco in the 2nd quarter valued at approximately $40,000. Finally, Manchester Capital Management LLC purchased a new stake in Graco in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 83.99% of the company’s stock.

Shares of Graco stock traded up $0.07 during trading hours on Tuesday, reaching $46.08. 13,370 shares of the company’s stock were exchanged, compared to its average volume of 349,587. Graco Inc. has a 52-week low of $37.36 and a 52-week high of $53.91. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. The company has a fifty day moving average of $46.02 and a 200-day moving average of $48.91. The company has a current ratio of 2.22, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19.



Graco (NYSE:GGG) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Graco had a return on equity of 39.22% and a net margin of 20.61%. The business had revenue of $428.30 million for the quarter, compared to analysts’ expectations of $444.93 million. During the same period in the prior year, the company earned $0.48 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Graco Inc. will post 1.91 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on GGG shares. ValuEngine lowered Graco from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Zacks Investment Research raised Graco from a “sell” rating to a “hold” rating and set a $49.00 price target on the stock in a research note on Wednesday, May 29th. Finally, Robert W. Baird set a $50.00 price target on Graco and gave the stock a “hold” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $47.20.

In other Graco news, Director William J. Carroll sold 6,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $46.53, for a total transaction of $279,180.00. Following the transaction, the director now owns 49,984 shares of the company’s stock, valued at approximately $2,325,755.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.23% of the company’s stock.

Graco Company Profile

Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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