Dorsey Whitney Trust Co buys $7,411,791 stake in Graco (GGG)

Graco (GGG) : Dorsey Whitney Trust Co scooped up 2,594 additional shares in Graco during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 100,608 shares of Graco which is valued at $7,411,791.Graco makes up approximately 1.66% of Dorsey Whitney Trust Co’s portfolio.

Other Hedge Funds, Including , Keybank National Associationoh reduced its stake in GGG by selling 5,259 shares or 55.59% in the most recent quarter. The Hedge Fund company now holds 4,201 shares of GGG which is valued at $309,488.Td Asset Management Inc reduced its stake in GGG by selling 4,600 shares or 32.74% in the most recent quarter. The Hedge Fund company now holds 9,450 shares of GGG which is valued at $698,639.Herndon Capital Management reduced its stake in GGG by selling 7,977 shares or 40.81% in the most recent quarter. The Hedge Fund company now holds 11,570 shares of GGG which is valued at $856,296. Graco makes up approx 0.03% of Herndon Capital Management’s portfolio.Simplex Trading reduced its stake in GGG by selling 1,938 shares or 56.73% in the most recent quarter. The Hedge Fund company now holds 1,478 shares of GGG which is valued at $118,654. Graco makes up approx 0.01% of Simplex Trading’s portfolio.

Graco opened for trading at $73.75 and hit $74.75 on the upside on Friday, eventually ending the session at $74.67, with a gain of 1.18% or 0.87 points. The heightened volatility saw the trading volume jump to 2,12,532 shares. Company has a market cap of $4,158 M.

On the company’s financial health, Graco reported $0.89 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $1.00. The company had revenue of $348.10 million for the quarter, compared to analysts expectations of $352.49 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Many Wall Street Analysts have commented on Graco. Graco was Initiated by KeyBanc Capital Mkts to “Sector Weight” on May 25, 2016.

Graco Inc. (Graco) is a manufacturing company. The Company designs manufactures and markets equipment to pump meter mix and dispense a variety of fluids and coatings. Its equipment is used in the construction automotive industrial mining oil and natural gas process public works and other industries. The Company operates in three segments: Industrial Contractor and Lubrication. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints coatings sealants adhesives and other fluids. The Contractor segment markets sprayers for architectural coatings for painting corrosion control texture and line striping. The Lubrication segment markets products to move and dispense lubricants for service garages fleet service centers automobile dealerships the mining industry and industrial lubrication applications. Graco sells its products in North Central and South America Europe Middle East and Africa and Asia Pacific.

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