Shares of Graco Inc. (NYSE:GGG) have received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $46.50.

Several brokerages have weighed in on GGG. Zacks Investment Research raised Graco from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Friday, October 26th. Seaport Global Securities reaffirmed a “hold” rating on shares of Graco in a research report on Wednesday, January 30th. Oppenheimer reaffirmed a “hold” rating on shares of Graco in a research report on Monday, October 29th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 target price on shares of Graco in a research report on Wednesday, December 19th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $45.00 target price on shares of Graco in a research report on Monday, October 29th.

Graco stock traded up $0.07 during mid-day trading on Wednesday, hitting $44.28. The company’s stock had a trading volume of 20,513 shares, compared to its average volume of 630,077. The company has a market cap of $7.36 billion, a P/E ratio of 23.57, a P/E/G ratio of 2.25 and a beta of 1.00. The company has a current ratio of 2.41, a quick ratio of 1.47 and a debt-to-equity ratio of 0.35. Graco has a 52-week low of $37.36 and a 52-week high of $48.33.

Graco (NYSE:GGG) last announced its quarterly earnings data on Monday, January 28th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $406.40 million during the quarter, compared to the consensus estimate of $404.14 million. Graco had a return on equity of 43.67% and a net margin of 20.63%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 EPS. On average, equities analysts forecast that Graco will post 2.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 6th. Shareholders of record on Tuesday, January 22nd were given a $0.16 dividend. This is a positive change from Graco’s previous quarterly dividend of $0.13. This represents a $0.64 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, January 18th. Graco’s dividend payout ratio is presently 34.04%.

In other news, VP Angela F. Wordell sold 2,500 shares of the stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $43.63, for a total transaction of $109,075.00. Following the transaction, the vice president now owns 10,802 shares of the company’s stock, valued at approximately $471,291.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Timothy R. White sold 4,800 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $43.77, for a total value of $210,096.00. Following the transaction, the insider now directly owns 48,889 shares in the company, valued at approximately $2,139,871.53. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Inc. AR increased its holdings 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 acquiring an additional 322 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Graco by 0.7% in the 4th quarter. AdvisorNet Financial Inc now owns 75,301 shares of the industrial products company’s stock valued at $3,151,000 after buying an additional 558 shares during the last quarter. BlackRock Inc. grew its holdings in Graco by 0.5% in the 4th quarter. BlackRock Inc. now owns 14,726,158 shares of the industrial products company’s stock valued at $616,289,000 after buying an additional 77,882 shares during the last quarter. Summit Global Investments acquired a new stake in Graco in the 4th quarter valued at approximately $4,566,000. Finally, Stockman Wealth Management Inc. grew its holdings in Graco by 31.5% in the 4th quarter. Stockman Wealth Management Inc. now owns 7,715 shares of the industrial products company’s stock valued at $323,000 after buying an additional 1,850 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

About Graco

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.

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Analyst Recommendations for Graco (NYSE:GGG)

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