Smith Asset Management Group LP Increases Position in Graco (GGG); Pinnacle Financial Partners Increases Stake in Duke Energy New (DUK)

May 22, 2018 - By Michael Collier

Duke Energy Corporation (NYSE:DUK) Logo

Smith Asset Management Group Lp increased its stake in Graco Inc (GGG) by 189.2% based on its latest 2017Q4 regulatory filing with the SEC. Smith Asset Management Group Lp bought 135,560 shares as the company’s stock declined 0.59% with the market. The hedge fund held 207,210 shares of the fluid controls company at the end of 2017Q4, valued at $9.37M, up from 71,650 at the end of the previous reported quarter. Smith Asset Management Group Lp who had been investing in Graco Inc for a number of months, seems to be bullish on the $7.93B market cap company. The stock increased 2.27% or $1.05 during the last trading session, reaching $47.32. About 589,767 shares traded. Graco Inc. (NYSE:GGG) has risen 44.03% since May 22, 2017 and is uptrending. It has outperformed by 32.48% the S&P500.

Pinnacle Financial Partners Inc increased its stake in Duke Energy Corp New (DUK) by 5.93% based on its latest 2017Q4 regulatory filing with the SEC. Pinnacle Financial Partners Inc bought 3,859 shares as the company’s stock declined 8.40% with the market. The institutional investor held 68,918 shares of the power generation company at the end of 2017Q4, valued at $5.80 million, up from 65,059 at the end of the previous reported quarter. Pinnacle Financial Partners Inc who had been investing in Duke Energy Corp New for a number of months, seems to be bullish on the $51.65B market cap company. The stock decreased 0.16% or $0.12 during the last trading session, reaching $73.68. About 3.30 million shares traded. Duke Energy Corporation (NYSE:DUK) has declined 6.87% since May 22, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

More recent Graco Inc. (NYSE:GGG) news were published by: Seekingalpha.com which released: “Graco Inc. 2018 Q1 – Results – Earnings Call Slides” on April 26, 2018. Also Gurufocus.com published the news titled: “Graco Inc (GGG) President and CEO Patrick J Mchale Sold $10 million of Shares” on May 09, 2018. Seekingalpha.com‘s news article titled: “Graco (GGG) Q1 2018 Results – Earnings Call Transcript” with publication date: April 26, 2018 was also an interesting one.

Smith Asset Management Group Lp, which manages about $2.91 billion and $3.18B US Long portfolio, decreased its stake in Motorola Solutions Inc (NYSE:MSI) by 12,610 shares to 275,720 shares, valued at $24.91M in 2017Q4, according to the filing. It also reduced its holding in Francescas Holdings Corp (NASDAQ:FRAN) by 198,469 shares in the quarter, leaving it with 13,440 shares, and cut its stake in Netapp Inc (NASDAQ:NTAP).

Among 15 analysts covering Graco Inc (NYSE:GGG), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. Graco Inc had 36 analyst reports since September 15, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, January 3 report. The firm has “Hold” rating by RBC Capital Markets given on Monday, July 10. The rating was maintained by Oppenheimer with “Hold” on Wednesday, July 26. Alembic initiated Graco Inc. (NYSE:GGG) rating on Tuesday, September 15. Alembic has “Neutral” rating and $70 target. RBC Capital Markets maintained the shares of GGG in report on Friday, September 15 with “Hold” rating. RBC Capital Markets maintained the shares of GGG in report on Wednesday, October 11 with “Hold” rating. The firm has “Hold” rating given on Wednesday, August 16 by Oppenheimer. Robert W. Baird maintained the shares of GGG in report on Wednesday, April 4 with “Hold” rating. SunTrust downgraded the shares of GGG in report on Thursday, April 14 to “Neutral” rating. Sidoti downgraded the stock to “Neutral” rating in Monday, April 4 report.

Investors sentiment increased to 9.88 in Q4 2017. Its up 8.92, from 0.96 in 2017Q3. It increased, as 25 investors sold GGG shares while 7 reduced holdings. 59 funds opened positions while 257 raised stakes. 278.85 million shares or 493.55% more from 46.98 million shares in 2017Q3 were reported. 3,526 were accumulated by Vestor Ltd Liability. Clarivest Asset Mngmt Limited Liability, a California-based fund reported 122,700 shares. Ngam LP stated it has 0.07% of its portfolio in Graco Inc. (NYSE:GGG). Bank Of America Corp De holds 577,228 shares or 0% of its portfolio. Ftb Advsr has invested 0% in Graco Inc. (NYSE:GGG). Invesco Ltd has invested 0% in Graco Inc. (NYSE:GGG). Segall Bryant Hamill Ltd Limited Liability Company has 0.18% invested in Graco Inc. (NYSE:GGG). Envestnet Asset Mngmt holds 0.01% or 61,639 shares in its portfolio. Jacobs Levy Equity Mngmt has invested 0.23% in Graco Inc. (NYSE:GGG). Raymond James & Associates invested in 388,000 shares. 560,604 are owned by First Quadrant Limited Partnership Ca. New York State Teachers Retirement invested 0.03% of its portfolio in Graco Inc. (NYSE:GGG). Cadence Capital Mngmt Llc invested 0.1% of its portfolio in Graco Inc. (NYSE:GGG). Jlb & Assocs holds 3.17% in Graco Inc. (NYSE:GGG) or 322,471 shares. Eagle Asset Management holds 0.26% of its portfolio in Graco Inc. (NYSE:GGG) for 1.05M shares.

Since December 13, 2017, it had 0 insider purchases, and 8 insider sales for $18.82 million activity. GALLIVAN KAREN PARK sold $1.31M worth of stock or 27,000 shares. MCHALE PATRICK J sold $10.01 million worth of stock. Another trade for 12,750 shares valued at $1.68M was sold by Rothe Christian E. On Monday, March 12 CARROLL WILLIAM J sold $1.24 million worth of Graco Inc. (NYSE:GGG) or 26,625 shares. Another trade for 15,000 shares valued at $657,476 was sold by Etchart Eric.

Investors sentiment increased to 1.13 in 2017 Q4. Its up 0.06, from 1.07 in 2017Q3. It improved, as 46 investors sold DUK shares while 352 reduced holdings. 100 funds opened positions while 348 raised stakes. 389.71 million shares or 0.49% less from 391.64 million shares in 2017Q3 were reported. Waddell & Reed has invested 0.03% in Duke Energy Corporation (NYSE:DUK). 263,813 are held by Umb National Bank N A Mo. Vantage Investment Ptnrs Lc invested in 0.96% or 12,523 shares. Kings Point Mngmt holds 0.06% or 3,301 shares. Meiji Yasuda Life holds 3,090 shares. Tokio Marine Asset stated it has 15,257 shares or 0.19% of all its holdings. 35,970 are held by Boys Arnold Company. Moreover, Advisor Ltd Limited Liability Company has 0.25% invested in Duke Energy Corporation (NYSE:DUK) for 18,377 shares. Howe And Rusling reported 1.72% stake. Williams Jones And Associate Ltd Liability Corporation has 0.02% invested in Duke Energy Corporation (NYSE:DUK). 41,087 were reported by Wesbanco Fincl Bank. Wetherby Asset Management Inc stated it has 8,327 shares. Wealthcare Cap Mgmt has invested 0% in Duke Energy Corporation (NYSE:DUK). Essex has 13,785 shares. New York-based Burns J W Incorporated has invested 0.06% in Duke Energy Corporation (NYSE:DUK).

Among 20 analysts covering Duke Energy (NYSE:DUK), 5 have Buy rating, 4 Sell and 11 Hold. Therefore 25% are positive. Duke Energy had 89 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Neutral” rating by SunTrust given on Monday, March 7. The firm earned “Sell” rating on Wednesday, January 11 by Citigroup. The stock of Duke Energy Corporation (NYSE:DUK) has “Hold” rating given on Wednesday, October 18 by KeyBanc Capital Markets. The rating was maintained by SunTrust with “Hold” on Monday, December 11. The firm earned “Market Perform” rating on Wednesday, February 21 by Wells Fargo. The firm earned “Neutral” rating on Tuesday, January 12 by Bank of America. Guggenheim maintained the shares of DUK in report on Tuesday, January 2 with “Buy” rating. Argus Research maintained Duke Energy Corporation (NYSE:DUK) rating on Friday, January 8. Argus Research has “Buy” rating and $81.0 target. The firm has “Sell” rating by Citigroup given on Tuesday, October 17. The firm has “Neutral” rating given on Wednesday, July 20 by Citigroup.

More news for Duke Energy Corporation (NYSE:DUK) were recently published by: Seekingalpha.com, which released: “Duke Energy +1.4% after easy Q1 earnings beat” on May 10, 2018. Bizjournals.com‘s article titled: “Duke Energy Ohio names new president” and published on May 21, 2018 is yet another important article.

Graco Inc. (NYSE:GGG) Institutional Positions Chart

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