Graco (NYSE:GGG)‘s stock had its “hold” rating reaffirmed by analysts at Royal Bank of Canada in a report issued on Thursday, January 4th. They currently have a $49.00 price target on the industrial products company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 1.41% from the company’s current price.

GGG has been the topic of several other reports. Oppenheimer restated a “hold” rating on shares of Graco in a research note on Thursday, December 28th. FBR & Co set a $46.67 price target on shares of Graco and gave the company a “hold” rating in a research note on Thursday, October 26th. SunTrust Banks reiterated a “hold” rating and set a $42.67 price objective on shares of Graco in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Graco from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Finally, B. Riley reiterated a “hold” rating and set a $46.67 price objective on shares of Graco in a research note on Wednesday, December 20th. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Graco presently has a consensus rating of “Hold” and a consensus price target of $43.70.

Graco (NYSE:GGG) opened at $48.32 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.23 and a quick ratio of 1.46. Graco has a one year low of $29.14 and a one year high of $49.69. The company has a market cap of $8,140.00, a PE ratio of 77.94, a P/E/G ratio of 2.87 and a beta of 1.24.

Graco (NYSE:GGG) last released its quarterly earnings results on Monday, January 29th. The industrial products company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). Graco had a net margin of 7.72% and a return on equity of 42.05%. The business had revenue of $374.90 million during the quarter, compared to analyst estimates of $369.53 million. During the same quarter last year, the company posted $1.00 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. research analysts anticipate that Graco will post 1.46 EPS for the current fiscal year.

In other Graco news, VP Mark D. Eberlein sold 5,902 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $130.26, for a total transaction of $768,794.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Karen Park Gallivan sold 27,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $48.34, for a total transaction of $1,305,180.00. Following the completion of the sale, the vice president now owns 72,305 shares in the company, valued at $3,495,223.70. The disclosure for this sale can be found here. Insiders have sold 653,252 shares of company stock worth $15,602,650 over the last quarter. Corporate insiders own 5.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in shares of Graco by 106.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,123 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 578 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Graco by 200.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 800 shares in the last quarter. Fiduciary Trust Co. acquired a new stake in shares of Graco in the 2nd quarter valued at approximately $180,000. Hexavest Inc. boosted its stake in shares of Graco by 200.0% in the 4th quarter. Hexavest Inc. now owns 4,200 shares of the industrial products company’s stock valued at $190,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. boosted its stake in shares of Graco by 127.0% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 1,918 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 1,073 shares in the last quarter. Institutional investors own 31.46% of the company’s stock.

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About Graco

Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.

Analyst Recommendations for Graco (NYSE:GGG)

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