Underhill Investment Management Lowers stake in Graco (GGG)

Graco (GGG) : Underhill Investment Management reduced its stake in Graco by 8.53% during the most recent quarter end. The investment management company now holds a total of 193,550 shares of Graco which is valued at $15,172,385 after selling 18,050 shares in Graco , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Graco makes up approximately 7.75% of Underhill Investment Management’s portfolio.

Graco opened for trading at $78.57 and hit $78.8366 on the upside on Monday, eventually ending the session at $78.64, with a gain of 0.32% or 0.25 points. The heightened volatility saw the trading volume jump to 3,16,140 shares. Company has a market cap of $4,373 M.

Other Hedge Funds, Including , Winslow Evans Crocker sold out all of its stake in GGG during the most recent quarter. The investment firm sold 30 shares of GGG which is valued $2,417.Simplex Trading boosted its stake in GGG in the latest quarter, The investment management firm added 3,326 additional shares and now holds a total of 3,416 shares of Graco which is valued at $289,540. Graco makes up approx 0.05% of Simplex Trading’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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