Shares of Graco Inc. (NYSE:GGG) have been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the firm. One analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $82.71.

GGG has been the subject of a number of research reports. William Blair downgraded shares of Graco from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $89.00 to $78.00 in a research report on Thursday, July 21st. Deutsche Bank AG assumed coverage on shares of Graco in a research note on Tuesday, September 6th. They set a “hold” rating and a $83.00 price target on the stock. Finally, Zacks Investment Research cut shares of Graco from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th.

Graco (NYSE:GGG) traded down 0.19% during mid-day trading on Tuesday, hitting $71.78. 121,198 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $73.38 and its 200-day moving average price is $77.40. Graco has a 12 month low of $63.05 and a 12 month high of $86.62. The stock has a market cap of $4.00 billion, a PE ratio of 21.16 and a beta of 1.51.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at

Graco (NYSE:GGG) last released its earnings results on Wednesday, July 20th. The company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.11. Graco had a net margin of 15.01% and a return on equity of 30.04%. The company had revenue of $348.10 million for the quarter, compared to the consensus estimate of $352.49 million. During the same period in the prior year, the company earned $1.05 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. Equities analysts expect that Graco will post $3.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Monday, October 17th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, October 13th. Graco’s dividend payout ratio is presently 38.94%.

In other Graco news, insider Patrick J. Mchale sold 11,500 shares of the stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $74.19, for a total value of $853,185.00. Following the sale, the insider now directly owns 142,230 shares in the company, valued at approximately $10,552,043.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Creative Planning boosted its stake in Graco by 13.9% in the second quarter. Creative Planning now owns 1,354 shares of the company’s stock valued at $107,000 after buying an additional 165 shares during the period. Tower Research Capital LLC TRC boosted its stake in Graco by 292.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,336 shares of the company’s stock valued at $185,000 after buying an additional 1,741 shares during the period. Fifth Third Bancorp boosted its stake in Graco by 4.6% in the second quarter. Fifth Third Bancorp now owns 2,476 shares of the company’s stock valued at $196,000 after buying an additional 110 shares during the period. Princeton Alpha Management LP bought a new stake in Graco during the second quarter valued at $204,000. Finally, Hsbc Holdings PLC boosted its stake in Graco by 1.4% in the second quarter. Hsbc Holdings PLC now owns 2,675 shares of the company’s stock valued at $211,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 90.53% of the company’s stock.

About Graco

Graco Inc (Graco) is a manufacturing company. The Company designs, manufactures and markets equipment to pump, meter, mix and dispense fluid and powder materials. The Company operates through three segments: Industrial, Process and Contractor. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids.

5 Day Chart for NYSE:GGG

Receive News & Ratings for Graco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graco Inc. and related companies with's FREE daily email newsletter.