Bragg Financial Advisors INC Boosted Its Holding in Graco INC (GGG) as Stock Declined

April 26, 2018 - By Adrian Erickson

Graco Inc. (NYSE:GGG) LogoInvestors sentiment increased to 9.88 in Q4 2017. Its up 8.92, from 0.96 in 2017Q3. It improved, as 25 investors sold GGG shares while 7 reduced holdings. 59 funds opened positions while 257 raised stakes. 278.85 million shares or 493.55% more from 46.98 million shares in 2017Q3 were reported. Cookson Peirce & Company invested in 0.06% or 14,610 shares. California Pub Employees Retirement System owns 511,947 shares. Carlson Cap Mngmt holds 17,943 shares. Comerica Bank holds 0.04% in Graco Inc. (NYSE:GGG) or 133,620 shares. Arete Wealth Advsr Ltd holds 20,509 shares or 0.3% of its portfolio. Ameritas holds 50,337 shares or 0.1% of its portfolio. Mondrian Ptnrs holds 0.08% or 73,086 shares. Huntington Fincl Bank holds 46 shares. Teachers Retirement Of The State Of Kentucky has invested 0.02% in Graco Inc. (NYSE:GGG). Louisiana State Employees Retirement Sys owns 42,600 shares. Wesbanco Bankshares has invested 0.03% in Graco Inc. (NYSE:GGG). Northwestern Mutual Wealth Mngmt holds 900 shares. Eulav Asset Management reported 12,900 shares stake. Jacobs Levy Equity Mgmt reported 287,838 shares. Bank & Trust Of Mellon Corp stated it has 0.03% in Graco Inc. (NYSE:GGG).

Since October 30, 2017, it had 0 buys, and 6 selling transactions for $11.41 million activity. $1.24M worth of Graco Inc. (NYSE:GGG) shares were sold by CARROLL WILLIAM J. SHEAHAN MARK W also sold $3.94M worth of Graco Inc. (NYSE:GGG) shares. Rothe Christian E sold 12,750 shares worth $1.68 million.

Bragg Financial Advisors Inc increased its stake in Graco Inc (GGG) by 199.56% based on its latest 2017Q4 regulatory filing with the SEC. Bragg Financial Advisors Inc bought 80,858 shares as the company’s stock declined 0.59% with the market. The institutional investor held 121,377 shares of the fluid controls company at the end of 2017Q4, valued at $5.49M, up from 40,519 at the end of the previous reported quarter. Bragg Financial Advisors Inc who had been investing in Graco Inc for a number of months, seems to be bullish on the $7.73B market cap company. The stock increased 3.23% or $1.43 during the last trading session, reaching $45.69. About 422,352 shares traded. Graco Inc. (NYSE:GGG) has risen 44.03% since April 26, 2017 and is uptrending. It has outperformed by 32.48% the S&P500.

Graco Inc. (NYSE:GGG) Ratings Coverage

Among 8 analysts covering Graco (NYSE:GGG), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Graco has $143.0 highest and $45.0 lowest target. $62.71’s average target is 37.25% above currents $45.69 stock price. Graco had 10 analyst reports since December 13, 2017 according to SRatingsIntel. Robert W. Baird maintained Graco Inc. (NYSE:GGG) on Wednesday, April 4 with “Hold” rating. As per Wednesday, January 31, the company rating was maintained by B. Riley & Co. Robert W. Baird maintained Graco Inc. (NYSE:GGG) rating on Wednesday, December 13. Robert W. Baird has “Hold” rating and $143.0 target. The firm has “Hold” rating given on Tuesday, January 30 by SunTrust. RBC Capital Markets maintained the shares of GGG in report on Wednesday, January 3 with “Hold” rating. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, January 30. The firm has “Hold” rating given on Monday, January 22 by Seaport Global. The firm earned “Buy” rating on Tuesday, January 23 by Deutsche Bank.

Graco Inc. (NYSE:GGG) Institutional Positions Chart

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