12 Best Mid-Cap Dividend Aristocrats to Invest in Now

7. Graco Inc. (NYSE:GGG)

Number of Hedge Fund Holders: 26

Graco Inc. (NYSE:GGG) is a manufacturing firm that specializes in designing, producing, and selling equipment and systems for moving, measuring, controlling, dispensing, and spraying fluids and powder materials.

In the first quarter of 2025, Graco Inc. (NYSE:GGG) reported revenue of $528.2 million, marking a 7.3% increase compared to the same period a year earlier and surpassing analyst expectations by $5.32 million. The company also posted year-over-year growth in operating earnings and net income, up 8% and 2%, respectively. Strong organic growth was noted in both the Industrial and Expansion Markets segments, fueled by increased activity in the industrial and semiconductor sectors. Meanwhile, the Contractor segment benefited from a 6% contribution by Corob, which performed in line with expectations.

Graco Inc. (NYSE:GGG), one of the best dividend stocks, currently offers a quarterly dividend of $0.275 per share and has a dividend yield of 1.34%, as of May 5. The company has been rewarding shareholders with growing dividends for 24 consecutive years.

At the end of Q4 2024, 26 hedge funds tracked by Insider Monkey held stakes in Graco Inc. (NYSE:GGG), compared with 27 in the previous quarter. These stakes have a consolidated value of over $358 million. With over 1.1 million shares, Fundsmith LLP was the company’s leading stakeholder in Q4.