Kayne Anderson Rudnick Investment Management buys $132,912,850 stake in Graco (GGG)

Graco (GGG) : Kayne Anderson Rudnick Investment Management scooped up 38,308 additional shares in Graco during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 1,797,091 shares of Graco which is valued at $132,912,850.Graco makes up approximately 1.96% of Kayne Anderson Rudnick Investment Management’s portfolio.

Other Hedge Funds, Including , Penserra Capital Management boosted its stake in GGG in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 112 shares of Graco which is valued at $8,292.Great West Life Assurance Co Can boosted its stake in GGG in the latest quarter, The investment management firm added 26,173 additional shares and now holds a total of 31,818 shares of Graco which is valued at $2,330,350. Graco makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio. Gratus Capital added GGG to its portfolio by purchasing 79,195 company shares during the most recent quarter which is valued at $5,800,242. Graco makes up approx 0.85% of Gratus Capital’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in GGG by selling 1,366 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 87,401 shares of GGG which is valued at $6,468,548. Graco makes up approx 0.05% of Public Employees Retirement Association Of Colorado’s portfolio.Montrusco Bolton Investments reduced its stake in GGG by selling 4,484 shares or 12.96% in the most recent quarter. The Hedge Fund company now holds 30,104 shares of GGG which is valued at $2,221,073. Graco makes up approx 0.14% of Montrusco Bolton Investments’s portfolio.

Graco opened for trading at $73.32 and hit $73.49 on the upside on Wednesday, eventually ending the session at $73.42, with a gain of 0.12% or 0.09 points. The heightened volatility saw the trading volume jump to 2,01,448 shares. Company has a market cap of $4,088 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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