Graco Inc. (GGG) Receives Average Recommendation of “Hold” from Brokerages

Graco Inc. (NYSE:GGG) has received an average recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $45.67.

GGG has been the topic of several research reports. ValuEngine upgraded shares of Graco from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research cut shares of Graco from a “buy” rating to a “hold” rating in a report on Friday, February 1st. Jefferies Financial Group initiated coverage on shares of Graco in a report on Friday, January 25th. They issued a “hold” rating and a $46.00 target price on the stock. Royal Bank of Canada restated a “hold” rating and issued a $46.00 target price on shares of Graco in a report on Wednesday, January 30th. Finally, DA Davidson restated a “neutral” rating on shares of Graco in a report on Thursday, April 25th.

GGG stock traded up $0.20 on Friday, hitting $47.95. The company had a trading volume of 15,502 shares, compared to its average volume of 576,528. Graco has a 12-month low of $37.36 and a 12-month high of $53.91. The company has a current ratio of 2.07, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $7.98 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.12 and a beta of 0.97.



Graco (NYSE:GGG) last issued its earnings results on Wednesday, April 24th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.02). Graco had a return on equity of 41.51% and a net margin of 20.72%. The company had revenue of $404.90 million during the quarter, compared to analysts’ expectations of $415.70 million. During the same quarter in the prior year, the business posted $0.48 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities analysts predict that Graco will post 2 earnings per share for the current year.

In other news, CFO Mark W. Sheahan sold 54,000 shares of Graco stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $47.17, for a total transaction of $2,547,180.00. Following the transaction, the chief financial officer now owns 113,410 shares in the company, valued at approximately $5,349,549.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy R. White sold 6,000 shares of Graco stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $52.18, for a total transaction of $313,080.00. Following the transaction, the insider now owns 50,660 shares in the company, valued at approximately $2,643,438.80. The disclosure for this sale can be found here. Insiders have sold a total of 482,948 shares of company stock worth $23,695,607 in the last quarter. Corporate insiders own 4.23% of the company’s stock.

Several institutional investors have recently modified their holdings of GGG. ETF Managers Group LLC raised its position in shares of Graco by 8.3% during the 1st quarter. ETF Managers Group LLC now owns 3,158 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 242 shares during the period. BB&T Corp raised its position in shares of Graco by 3.5% during the 4th quarter. BB&T Corp now owns 7,656 shares of the industrial products company’s stock valued at $321,000 after purchasing an additional 259 shares during the period. Naples Global Advisors LLC raised its position in shares of Graco by 5.1% during the 4th quarter. Naples Global Advisors LLC now owns 5,865 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 285 shares during the period. Eukles Asset Management raised its position in shares of Graco by 1.9% during the 1st quarter. Eukles Asset Management now owns 15,744 shares of the industrial products company’s stock valued at $780,000 after purchasing an additional 287 shares during the period. Finally, Stephens Inc. AR raised its position in shares of Graco by 6.6% during the 4th quarter. Stephens Inc. AR now owns 5,236 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 322 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

About Graco

Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.

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Analyst Recommendations for Graco (NYSE:GGG)

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