Jnba Financial Advisors buys $1,455,237 stake in Graco (GGG)

Graco (GGG) : Jnba Financial Advisors scooped up 2,434 additional shares in Graco during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 19,724 shares of Graco which is valued at $1,455,237.Graco makes up approximately 0.39% of Jnba Financial Advisors’s portfolio.

Other Hedge Funds, Including , Ls Investment Advisors boosted its stake in GGG in the latest quarter, The investment management firm added 1,465 additional shares and now holds a total of 3,447 shares of Graco which is valued at $254,320. Graco makes up approx 0.02% of Ls Investment Advisors’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.Capstone Asset Management Co boosted its stake in GGG in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 5,686 shares of Graco which is valued at $456,700. Graco makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

Graco opened for trading at $73.13 and hit $74.51 on the upside on Friday, eventually ending the session at $74.01, with a gain of 0.95% or 0.7 points. The heightened volatility saw the trading volume jump to 3,66,830 shares. Company has a market cap of $4,121 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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