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Investors boost stakes in Graco Inc., an industrial firm with a market cap of $12.73 billion, despite lower earnings.
Massachusetts Financial Services Co. and other firms have increased their stakes in Graco Inc., an industrial products company.
The stock, which opened at $75.70 on Friday, has a market cap of $12.73 billion and a P/E ratio of 26.84.
Graco reported a lower-than-expected $0.64 EPS for the recent quarter, and analysts predict 3.06 EPS for the year.
The company also announced a quarterly dividend of $0.275 per share, payable on May 7th.
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Los inversores aumentan las acciones en Graco Inc., una empresa industrial con un tope de mercado de $12.730 millones, a pesar de las menores ganancias.