Confluence Investment Management Llc Decreased Graco Inc. (NYSE:GGG) Stake By $10.17 Million

October 13, 2017 - By Migdalia James

Investors sentiment increased to 1.15 in 2017 Q2. Its up 0.09, from 1.06 in 2017Q1. It increased, as 13 investors sold GGG shares while 117 reduced holdings. 65 funds opened positions while 84 raised stakes. 47.80 million shares or 2.93% less from 49.25 million shares in 2017Q1 were reported. Somerset Tru has invested 0.3% in Graco Inc. (NYSE:GGG). Huntington Comml Bank stated it has 0% in Graco Inc. (NYSE:GGG). Teachers Retirement System Of The State Of Kentucky accumulated 0.02% or 11,650 shares. Bremer Trust National Association holds 23,844 shares. State Treasurer State Of Michigan holds 0.02% of its portfolio in Graco Inc. (NYSE:GGG) for 22,900 shares. Aperio Limited Liability holds 0.01% or 14,388 shares in its portfolio. Vanguard Gru accumulated 4.99 million shares. Underhill Invest Mngmt Limited Liability holds 104,000 shares. Chicago Equity Prtnrs Ltd Liability Corporation invested 0.03% of its portfolio in Graco Inc. (NYSE:GGG). Walleye Trading Limited Liability Co holds 168 shares or 0% of its portfolio. Prudential reported 0.05% of its portfolio in Graco Inc. (NYSE:GGG). American Century holds 0.03% or 235,620 shares. Natixis reported 0% in Graco Inc. (NYSE:GGG). Btim reported 10,500 shares or 0.02% of all its holdings. Asset has invested 0.02% of its portfolio in Graco Inc. (NYSE:GGG).

Since May 1, 2017, it had 0 insider purchases, and 10 insider sales for $19.44 million activity. Shares for $45,152 were sold by Etchart Eric. JOHNSON DALE D also sold $3.27 million worth of Graco Inc. (NYSE:GGG) on Thursday, May 4. Zumbolo Brian J sold $2.76M worth of stock or 25,500 shares. O’Shea Peter J sold $1.81 million worth of stock or 15,986 shares. The insider MCHALE PATRICK J sold 23,775 shares worth $2.58 million. Another trade for 5,000 shares valued at $547,268 was sold by Chambers Caroline M. $1.86M worth of stock was sold by VAN SANT R WILLIAM on Monday, May 1.

Confluence Investment Management Llc decreased its stake in Graco Inc. (NYSE:GGG) by 9.42% based on its latest 2017Q3 regulatory filing with the SEC. Confluence Investment Management Llc sold 82,701 shares as the company’s stock rose 21.24% with the market. The institutional investor held 795,176 shares of the fluid controls company at the end of 2017Q3, valued at $98.36M, down from 877,877 at the end of the previous reported quarter. Confluence Investment Management Llc who had been investing in Graco Inc. for a number of months, seems to be less bullish one the $7.06 billion market cap company. The stock rose 0.82% or $1.02 reaching $126.07. About 16,053 shares traded. Graco Inc. (NYSE:GGG) has risen 41.79% since October 13, 2016 and is uptrending. It has outperformed by 25.09% the S&P500.

Confluence Investment Management Llc is a Missouri-based institutional investor with more than $2.30 billion AUM in February, 2014. Taken from Confluence Investment Management latest Adv, the fund reported to have 22 full and part-time employees. Among which 12 performing investment advisory and research functions. The institutional investor had more than 5700 clients.

Graco Inc. (NYSE:GGG) Ratings Coverage

Among 12 analysts covering Graco Inc (NYSE:GGG), 1 have Buy rating, 0 Sell and 11 Hold. Therefore 8% are positive. Graco Inc has $129.0 highest and $70 lowest target. $98.80’s average target is -21.63% below currents $126.07 stock price. Graco Inc had 23 analyst reports since September 15, 2015 according to SRatingsIntel. The stock of Graco Inc. (NYSE:GGG) has “Hold” rating given on Wednesday, October 4 by Robert W. Baird. The stock has “Neutral” rating by SunTrust on Thursday, April 14. On Monday, April 4 the stock rating was downgraded by Sidoti to “Neutral”. The rating was initiated by SunTrust with “Buy” on Tuesday, November 3. William Blair downgraded Graco Inc. (NYSE:GGG) on Thursday, July 21 to “Market Perform” rating. RBC Capital Markets maintained the shares of GGG in report on Wednesday, January 27 with “Underperform” rating. The stock of Graco Inc. (NYSE:GGG) earned “Hold” rating by Wunderlich on Wednesday, February 1. The rating was maintained by RBC Capital Markets on Monday, May 1 with “Hold”. As per Wednesday, April 12, the company rating was maintained by RBC Capital Markets. Oppenheimer maintained the stock with “Hold” rating in Wednesday, August 16 report.

Graco Inc. designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The company has market cap of $7.06 billion. The Firm specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control. It has a 83.16 P/E ratio. The Firm operates through three divisions: Industrial, Process and Contractor.

More news for Graco Inc. (NYSE:GGG) were recently published by: Nasdaq.com, which released: “Graco Inc. (GGG) Ex-Dividend Date Scheduled for October 13, 2017” on October 12, 2017. Zacks.com‘s article titled: “Can Graco Inc. (GGG) Keep the Earnings Streak Alive This Quarter?” and published on October 12, 2017 is yet another important article.

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