Prudential Financial Inc. reduced its holdings in Graco (NYSE:GGG) by 55.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 424,224 shares of the industrial products company’s stock after selling 528,080 shares during the quarter. Prudential Financial Inc. owned about 0.25% of Graco worth $19,395,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. boosted its position in shares of Graco by 200.0% during the fourth quarter. Valley National Advisers Inc. now owns 2,385 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 1,590 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Graco by 53.5% during the fourth quarter. Meeder Asset Management Inc. now owns 3,174 shares of the industrial products company’s stock valued at $144,000 after purchasing an additional 1,106 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Graco by 286.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,363 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 2,493 shares in the last quarter. Fiduciary Trust Co. bought a new stake in shares of Graco during the fourth quarter valued at approximately $201,000. Finally, Cornerstone Wealth Management LLC boosted its position in shares of Graco by 206.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 5,160 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 3,476 shares in the last quarter. Hedge funds and other institutional investors own 85.98% of the company’s stock.
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