Graco Inc. (NYSE:GGG) has been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $49.17.

A number of research firms recently weighed in on GGG. Oppenheimer restated a “hold” rating on shares of Graco in a report on Thursday, July 26th. Royal Bank of Canada reiterated a “hold” rating and set a $49.00 target price on shares of Graco in a report on Friday, July 27th. DA Davidson set a $49.00 target price on Graco and gave the company a “hold” rating in a report on Monday, August 20th. Finally, Zacks Investment Research upgraded Graco from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Friday, July 6th.

In other news, insider Caroline M. Chambers sold 97,500 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $47.10, for a total transaction of $4,592,250.00. Following the sale, the insider now owns 119,092 shares in the company, valued at $5,609,233.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack W. Eugster sold 32,297 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $46.66, for a total value of $1,506,978.02. Following the sale, the director now owns 103,251 shares in the company, valued at approximately $4,817,691.66. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of Graco by 727.8% during the second quarter. Signaturefd LLC now owns 2,235 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 1,965 shares during the last quarter. Fort L.P. acquired a new stake in shares of Graco during the second quarter worth $119,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Graco during the second quarter worth $162,000. Meeder Asset Management Inc. boosted its holdings in shares of Graco by 51.9% during the second quarter. Meeder Asset Management Inc. now owns 4,086 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 1,396 shares during the last quarter. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of Graco during the first quarter worth $200,000. Institutional investors and hedge funds own 85.69% of the company’s stock.

Shares of GGG traded up $0.65 on Friday, reaching $48.27. The stock had a trading volume of 21,476 shares, compared to its average volume of 466,296. The stock has a market cap of $7.93 billion, a P/E ratio of 33.65, a P/E/G ratio of 2.97 and a beta of 1.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.65 and a quick ratio of 1.64. Graco has a twelve month low of $38.92 and a twelve month high of $49.69.

Graco (NYSE:GGG) last released its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The firm had revenue of $424.60 million during the quarter, compared to analyst estimates of $421.19 million. Graco had a return on equity of 40.67% and a net margin of 18.07%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 EPS. research analysts expect that Graco will post 1.84 EPS for the current fiscal year.

Graco Company Profile

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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