PineStone Asset Management Amends Graco Inc. (GGG) Ownership Filing

TL;DR

**PineStone Asset Management still owns Graco stock, signaling ongoing institutional confidence.**

AI Summary

PineStone Asset Management Inc. filed an amended SC 13G/A on January 5, 2024, indicating their beneficial ownership of Graco Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued investment in Graco Inc. (CUSIP 384109104). This matters to investors because it shows a significant institutional investor maintains a position in Graco, suggesting continued confidence in the company's prospects.

Why It Matters

This filing confirms that a significant institutional investor, PineStone Asset Management Inc., continues to hold a position in Graco Inc., which can be seen as a vote of confidence in the company's long-term value.

Risk Assessment

Risk Level: low — This is a routine amendment to an ownership filing, indicating no immediate or significant change in risk for Graco Inc. shareholders.

Analyst Insight

Investors should note that a significant institutional investor continues to hold Graco Inc. stock, which might be a positive signal, but this filing alone doesn't provide details on the size of their holding or any changes, so further research into their specific ownership percentage would be prudent.

Key Numbers

• 384109104 — CUSIP Number (identifies Graco Inc. Common Stock)
• $1.00 — par value per share (of Graco Inc. Common Stock)

Key Players & Entities

• PineStone Asset Management Inc. (company) — the reporting person filing the SC 13G/A
• Graco Inc. (company) — the issuer of the securities being reported
• Canada (country) — place of organization for PineStone Asset Management Inc.
• December 31, 2023 (date) — date of event requiring the filing
• January 5, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• PineStone Asset Management Inc. will likely maintain its investment in Graco Inc. for the foreseeable future. (PineStone Asset Management Inc.) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $1.00 — me of Issuer) Common Stock, par value $1.00 per share (Title of Class of Securitie

Filing Documents

• pinestone-ggg123123a1.htm (SC 13G/A) — 51KB
• 0001172661-24-000060.txt ( ) — 53KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Graco Inc. (b)Address of Issuer’s Principal Executive Offices 88 - 11th Avenue N.E. Minneapolis, Minnesota 55413

(a)Name of Person Filing

Item 2. (a)Name of Person Filing PineStone Asset Management Inc. (b)Address of Principal Business Office, or, if none, Residence 1981 McGill College Avenue Montreal, QC, H3A 2Y1 (c)Citizenship Montreal, Canada (d)Title of Class of Securities Common Stock, par value $1.00 per share (e) CUSIP No.: 384109104 CUSIP No. 384109104 SCHEDULE 13G/A Page 4 of 6 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 384109104 SCHEDULE 13G/A Page 5 of 6 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 7,913,789 (b) Percent of class: 4.70% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 7,913,789 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 7,913,789 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the

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