Graco Inc Q2 2017 Institutional Investor Sentiment Better Than Expected

October 12, 2017 - By Darrin Black

 Graco Inc  Q2 2017 Institutional Investor Sentiment  Better Than Expected

Sentiment for Graco Inc (NYSE:GGG)

Graco Inc (NYSE:GGG) institutional sentiment increased to 1.15 in Q2 2017. Its up 0.09, from 1.06 in 2017Q1. The ratio is more positive, as 149 investment managers started new or increased holdings, while 130 sold and reduced their holdings in Graco Inc. The investment managers in our partner’s database now possess: 47.80 million shares, down from 49.25 million shares in 2017Q1. Also, the number of investment managers holding Graco Inc in their top 10 holdings increased from 7 to 9 for an increase of 2. Sold All: 13 Reduced: 117 Increased: 84 New Position: 65.

Graco Inc. designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The company has market cap of $6.94 billion. The Firm specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control. It has a 82.07 P/E ratio. The Firm operates through three divisions: Industrial, Process and Contractor.

About 116,200 shares traded. Graco Inc. (NYSE:GGG) has risen 41.79% since October 12, 2016 and is uptrending. It has outperformed by 25.09% the S&P500.

Investors wait Graco Inc. (NYSE:GGG) to report on October, 25 after the close. its quarterly earnings Wall Street analysts expect $1.05 EPS, up $0.10 or 10.53 % from last year’s $0.95 same quarter earnings. This translates into $58.57 million profit for GGG giving the stock a 29.62 P/E. This is assuming the current $1.05 EPS is accurate. Graco Inc.’s Wall Street analysts see -23.91 % negative EPS growth, taking into account the $1.38 EPS reproted in the previous quarter,

Underhill Investment Management Llc holds 7.18% of its portfolio in Graco Inc. for 104,000 shares. Quantum Capital Management Llc Nj owns 119,326 shares or 3.98% of their US portfolio. Moreover, Mairs & Power Inc has 3.93% invested in the company for 2.98 million shares. The California-based Snyder Capital Management L P has invested 3.5% in the stock. Jlb & Associates Inc, a Michigan-based fund reported 110,505 shares.#img1#

Since January 1, 0001, it had 0 buys, and 10 sales for $19.44 million activity.

Graco Inc. (NYSE:GGG) Ratings Coverage

Ratings analysis reveals 8% of Graco Inc’s analysts are positive. Out of 12 Wall Street analysts rating Graco Inc, 1 give it “Buy”, 0 “Sell” rating, while 11 recommend “Hold”. The lowest target is $70 while the high is $129.0. The stock’s average target of $98.80 is -20.59% below today’s ($124.41) share price. GGG was included in 23 notes of analysts from September 15, 2015. Seaport Global downgraded the shares of GGG in report on Tuesday, March 22 to “Neutral” rating. RBC Capital Markets maintained the shares of GGG in report on Monday, May 1 with “Hold” rating. RBC Capital Markets maintained it with “Hold” rating and $11200 target in Thursday, July 27 report. Oppenheimer maintained the shares of GGG in report on Wednesday, July 26 with “Hold” rating. The rating was maintained by RBC Capital Markets with “Hold” on Monday, July 10. The firm has “Hold” rating by Deutsche Bank given on Wednesday, September 7. The rating was downgraded by Wunderlich on Wednesday, February 1 to “Hold”. On Monday, April 4 the stock rating was downgraded by Sidoti to “Neutral”. As per Wednesday, April 12, the company rating was maintained by RBC Capital Markets. The stock of Graco Inc. (NYSE:GGG) has “Hold” rating given on Wednesday, August 16 by Oppenheimer.

More news for Graco Inc. (NYSE:GGG) were recently published by:, which released: “Can Graco Inc. (GGG) Keep the Earnings Streak Alive This Quarter?” on October 12, 2017.‘s article titled: “Graco Inc. (GGG) Ex-Dividend Date Scheduled for October 13, 2017” and published on October 12, 2017 is yet another important article.

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