GGG Graco Inc

PineStone Asset Management Inc. reduced its stake in Graco Inc. by 2.8%, selling 109,062 shares, now holding 3,802,310 shares valued at $323.0 million. This makes Graco its 17th largest holding, comprising 2.0% of PineStone's portfolio. Despite missing Q3 earnings and revenue estimates, Graco increased its quarterly dividend to $0.295 and authorized a 15,000,000-share buyback program.

This article provides a price-driven analysis for Graco Inc. (NYSE: GGG), indicating a neutral sentiment across all time horizons and supporting a wait-and-see approach. It highlights elevated downside risk due to a lack of long-term support signals and outlines three AI-generated trading strategies: Position Trading, Momentum Breakout, and Risk Hedging, each with specified entry, target, and stop-loss levels.

This article identifies three industrial stocks – Graco (GGG), Timken (TKR), and Werner (WERN) – that investors should avoid due to concerns about flat sales, falling EPS, and shrinking returns on capital. Despite the overall positive outlook for the industrials sector, these specific companies demonstrate individual weaknesses that suggest caution. The author advises investors to look for better opportunities in high-quality growth stocks.

Assenagon Asset Management S.A. significantly increased its stake in Graco Inc. (NYSE:GGG) by 191.8% in Q3, now owning 139,430 shares worth $11.85 million. This comes despite Graco missing its Q3 earnings and revenue estimates, reporting an EPS of $0.73 against an expected $0.75 and revenue of $543.4 million versus $563.1 million. The company, however, demonstrated confidence through a 15 million share buyback authorization and an increased quarterly dividend to $0.295 per share, leading to an average "Hold" rating from analysts with a consensus price target of $90.33.

Sarasin & Partners LLP reduced its stake in Graco Inc. by 5.9% in Q3, selling 18,217 shares, now holding 289,421 shares worth approximately $24.45 million. Despite this reduction, Graco Inc. announced a 15,000,000-share buyback program and increased its quarterly dividend to $0.295 per share, signaling confidence in returning capital to shareholders. The company, however, missed Q3 earnings estimates with an EPS of $0.73 against a $0.75 consensus and revenue of $543.36 million versus an estimated $563.07 million, though revenue did see a 4.7% year-over-year increase.

Addenda Capital Inc. has acquired a new stake in Graco Inc. (NYSE:GGG), purchasing 56,932 shares worth approximately $4.84 million in the third quarter. This investment comes as Graco's board approved a share repurchase program and raised its quarterly dividend, despite the company missing earnings and revenue estimates in the latest quarter. Analysts currently maintain a consensus "Hold" rating on Graco with a price target of $90.33.