Graco (NYSE:GGG)‘s stock had its “hold” rating reissued by equities researchers at Oppenheimer in a report issued on Thursday.

Other equities research analysts also recently issued research reports about the stock. B. Riley reaffirmed a “neutral” rating on shares of Graco in a report on Wednesday, November 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $43.00 price objective on shares of Graco in a report on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of Graco in a report on Friday, October 20th. ValuEngine downgraded shares of Graco from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research downgraded shares of Graco from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.07.

Graco (GGG) traded up $0.47 during mid-day trading on Thursday, reaching $45.63. 517,800 shares of the company traded hands, compared to its average volume of 825,810. The firm has a market capitalization of $2,560.00, a P/E ratio of 73.60, a P/E/G ratio of 2.96 and a beta of 1.23. Graco has a 1-year low of $27.47 and a 1-year high of $45.70. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.31.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The business had revenue of $379.81 million during the quarter, compared to the consensus estimate of $356.30 million. Graco had a net margin of 7.72% and a return on equity of 42.05%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. sell-side analysts expect that Graco will post 4.36 EPS for the current fiscal year.

In other Graco news, insider Daniel Stolyarov sold 500,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $0.11, for a total transaction of $55,000.00. Also, VP Caroline M. Chambers sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $131.56, for a total value of $1,315,600.00. Following the sale, the vice president now owns 15,191 shares in the company, valued at approximately $1,998,527.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 708,511 shares of company stock worth $17,080,399. 5.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Koch Industries Inc. acquired a new position in shares of Graco in the 2nd quarter valued at about $582,000. Janus Henderson Group PLC acquired a new position in shares of Graco in the 2nd quarter valued at about $33,167,000. Fiera Capital Corp increased its holdings in shares of Graco by 7.3% in the 2nd quarter. Fiera Capital Corp now owns 3,021,561 shares of the industrial products company’s stock valued at $330,196,000 after purchasing an additional 206,130 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Graco by 109.4% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 341,998 shares of the industrial products company’s stock valued at $37,374,000 after purchasing an additional 178,687 shares during the period. Finally, FMR LLC acquired a new position in shares of Graco in the 2nd quarter valued at about $16,392,000. Hedge funds and other institutional investors own 86.24% of the company’s stock.

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About Graco

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.

Analyst Recommendations for Graco (NYSE:GGG)

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