Graco (NYSE:GGG) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Several other equities research analysts also recently commented on GGG. BidaskClub raised shares of Graco from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Robert W. Baird reaffirmed a “hold” rating and issued a $129.00 target price on shares of Graco in a research note on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of Graco in a research note on Friday, October 20th. FBR & Co set a $140.00 target price on shares of Graco and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $128.00 target price on shares of Graco in a research note on Friday, October 27th. Twelve analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $116.75.

Shares of Graco (NYSE:GGG) traded down $2.14 during trading hours on Friday, reaching $129.46. 239,870 shares of the company’s stock traded hands, compared to its average volume of 196,013. Graco has a 1 year low of $81.36 and a 1 year high of $134.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.23 and a quick ratio of 1.46. The company has a market capitalization of $7,266.59, a P/E ratio of 28.27, a PEG ratio of 2.83 and a beta of 1.23.

Graco (NYSE:GGG) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.09. Graco had a net margin of 7.72% and a return on equity of 42.05%. The firm had revenue of $379.81 million during the quarter, compared to the consensus estimate of $356.30 million. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was up 16.1% on a year-over-year basis. equities analysts forecast that Graco will post 4.36 earnings per share for the current year.

In other news, Director Eric Etchart sold 757 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $119.20, for a total value of $90,234.40. Following the completion of the transaction, the director now owns 12,464 shares in the company, valued at $1,485,708.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Caroline M. Chambers sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $131.56, for a total transaction of $1,315,600.00. Following the completion of the transaction, the vice president now owns 15,191 shares of the company’s stock, valued at approximately $1,998,527.96. The disclosure for this sale can be found here. Insiders sold 734,018 shares of company stock valued at $19,672,731 in the last quarter. Corporate insiders own 5.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Graco by 2.1% in the second quarter. Vanguard Group Inc. now owns 4,991,585 shares of the industrial products company’s stock valued at $545,481,000 after buying an additional 104,725 shares during the period. BlackRock Inc. boosted its holdings in shares of Graco by 1.0% in the second quarter. BlackRock Inc. now owns 4,414,343 shares of the industrial products company’s stock valued at $482,397,000 after buying an additional 43,669 shares during the period. Fiera Capital Corp boosted its holdings in shares of Graco by 7.3% in the second quarter. Fiera Capital Corp now owns 3,021,561 shares of the industrial products company’s stock valued at $330,196,000 after buying an additional 206,130 shares during the period. Ameriprise Financial Inc. boosted its holdings in Graco by 5.1% during the third quarter. Ameriprise Financial Inc. now owns 626,628 shares of the industrial products company’s stock worth $77,514,000 after purchasing an additional 30,413 shares during the last quarter. Finally, Koch Industries Inc. acquired a new position in Graco during the second quarter worth $582,000. Institutional investors own 86.24% of the company’s stock.

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Graco Company Profile

Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.

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Analyst Recommendations for Graco (NYSE:GGG)

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