From MarketBeat:

New York State Common Retirement Fund has decreased its holdings in shares of Graco Inc. by 9.3% in the 3rd quarter, owning 376,556 shares worth $27,443,000 at the most recent reporting period. BlackRock Inc. is leading institutional investors and hedge funds, owning 18,608,060 shares worth $1,606,806,000. Other large investors include State Street Corp, Moneta Group Investment Advisors LLC, Morgan Stanley, and Geode Capital Management LLC.

Several analysts have upgraded Graco stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Graco stock opened at $86.94 on Friday with an average price target of $84.80.

Graco declared a quarterly dividend of $0.255, an increase from the previous dividend of $0.24. The dividend will be paid on Wednesday, February 7th with a yield of 1.17%. CEO Mark W. Sheahan and insider Caroline M. Chambers have sold shares of the company, totaling 27,734 shares in the last 90 days.

Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. This story was reviewed by MarketBeat’s editorial team prior to publication.

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Read more: Graco Inc. (NYSE:GGG) Holdings Decreased by New York State Common Retirement Fund