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Graco Inc. reported lower earnings, leading to share sales by major investors and a "Hold" rating.
Graco Inc. (NYSE:GGG), an industrial products company, reported lower-than-expected earnings of $0.64 per share for the latest quarter, missing forecasts by $0.13.
Its shares have been reduced by several major investors; Gamco Investors INC.
ET AL sold 23,675 shares, reducing their holdings to 740,487.
Graco also announced a quarterly dividend of $0.275 per share, to be paid on May 7th.
The stock, currently trading at $79.70, has a market cap of $13.40 billion, a P/E ratio of 28.26, and an average rating of "Hold" with a target price of $93.00.
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Graco Inc. reportó ganancias más bajas, lo que llevó a la venta de acciones por parte de los principales inversores y una calificación de "Hold".