Perkins Coie Trust Co adds Graco (GGG) to its portfolio

Graco (GGG) : Perkins Coie Trust Co added new position in Graco during the most recent quarter end. The investment management firm now holds 34,587 shares of Graco which is valued at $2,931,594 , the company said in a statement filed on Apr 15, 2016 with the SEC.Graco makes up approximately 1.97% of Perkins Coie Trust Co’s portfolio.

Graco closed down -2.19 points or -2.66% at $80.04 with 10,70,402 shares getting traded on Wednesday. Post opening the session at $81.33, the shares hit an intraday low of $78.65 and an intraday high of $81.33 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Capital Investment Advisors reduced its stake in GGG by selling 1 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 7,848 shares of GGG which is valued at $665,196. Graco makes up approx 0.07% of Capital Investment Advisors’s portfolio.1st Global Advisors reduced its stake in GGG by selling 86 shares or 3.07% in the most recent quarter. The Hedge Fund company now holds 2,712 shares of GGG which is valued at $229,869. Graco makes up approx 0.03% of 1st Global Advisors’s portfolio.

On the company’s financial health, Graco reported $0.70 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.76. The company had revenue of $304.90 million for the quarter, compared to analysts expectations of $309.11 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.14 EPS.

Many Wall Street Analysts have commented on Graco. Graco was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Apr 14, 2016. Graco was Downgraded by Sidoti to ” Neutral” on Apr 4, 2016. Seaport Global Securities Downgraded Graco on Mar 22, 2016 to ” Neutral”, Price Target of the shares are set at $80.

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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