Graco (NYSE:GGG) Price Target Raised to $96.00

Graco (NYSE:GGG) had its price target raised by Royal Bank Of Canada from $92.00 to $96.00 in a report released on Friday, Marketbeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the industrial products company’s stock.

A number of other brokerages have also recently commented on GGG. DA Davidson reiterated a “neutral” rating and issued a $85.00 target price on shares of Graco in a research report on Monday, April 27th. Weiss Ratings lowered shares of Graco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 21st. Wolfe Research cut Graco from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Finally, Robert W. Baird set a $94.00 price objective on Graco in a report on Friday. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $95.00.

Graco Price Performance

Shares of GGG opened at $79.43 on Friday. The firm has a market cap of $12.86 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.56 and a beta of 0.93. The stock has a 50 day simple moving average of $75.07 and a two-hundred day simple moving average of $82.65. Graco has a 1 year low of $72.51 and a 1 year high of $95.69.

Graco (NYSE:GGG) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.81 by $0.10. The firm had revenue of $590.55 million for the quarter, compared to the consensus estimate of $608.06 million. Graco had a net margin of 23.53% and a return on equity of 19.54%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. On average, equities analysts anticipate that Graco will post 3.1 earnings per share for the current year.

Graco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Monday, July 20th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, July 20th. Graco’s payout ratio is presently 37.11%.

Institutional Investors Weigh In On Graco

Institutional investors have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new position in shares of Graco in the first quarter valued at about $26,000. Whipplewood Advisors LLC raised its stake in shares of Graco by 2,650.0% during the first quarter. Whipplewood Advisors LLC now owns 330 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 318 shares during the last quarter. Essential Partners LLC boosted its holdings in shares of Graco by 78.6% during the first quarter. Essential Partners LLC now owns 359 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 158 shares during the period. Elevation Wealth Partners LLC boosted its holdings in shares of Graco by 2,540.0% during the second quarter. Elevation Wealth Partners LLC now owns 528 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 508 shares during the period. Finally, Field & Main Bank bought a new stake in shares of Graco in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Graco News Roundup

Here are the key news stories impacting Graco this week:

• Positive Sentiment: Graco posted record second-quarter sales and operating earnings, while adjusted EPS of $0.91 beat expectations, helping fuel buying in the stock. Graco (GGG) On Record Q2 Earnings And The Case For More Upside
• Positive Sentiment: Management’s third-quarter sales guidance and reaffirmed full-year outlook signaled confidence in demand trends, backlog growth, and a stronger second half. Graco Inc. Signals Stronger Second Half Ahead
• Positive Sentiment: Royal Bank of Canada raised its price target on Graco to $96 from $92 and kept an outperform rating, reinforcing a bullish analyst view. Benzinga / The Fly analyst update
• Neutral Sentiment: William Blair maintained a Hold rating, saying improving orders and backlog are being offset by only modest near-term growth. Balanced Outlook for Graco
• Neutral Sentiment: Several articles highlighted that revenue came in below some estimates even as profits and margins improved, making the earnings reaction more dependent on outlook than on top-line growth alone. Graco Surpasses Q2 Earnings Estimates, Reaffirms 2026 View

About Graco

Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco’s solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company’s product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.