Graco (NYSE:GGG)‘s stock had its “hold” rating restated by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday. They presently have a $49.00 price target on the industrial products company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 5.76% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Oppenheimer reaffirmed a “hold” rating on shares of Graco in a research report on Thursday, December 28th. SunTrust Banks reaffirmed a “hold” rating and set a $42.67 price target on shares of Graco in a research report on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and set a $45.00 price target on shares of Graco in a research report on Friday, October 27th. FBR & Co set a $46.67 price target on Graco and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Graco in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $41.67.

Shares of Graco (NYSE:GGG) traded up $0.42 during midday trading on Thursday, hitting $46.33. The stock had a trading volume of 1,001,384 shares, compared to its average volume of 861,633. Graco has a 1 year low of $27.49 and a 1 year high of $46.70. 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 stock has a market cap of $2,600.00, a PE ratio of 74.73, a PEG ratio of 2.74 and a beta of 1.24.

Graco (NYSE:GGG) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. Graco had a return on equity of 42.05% and a net margin of 7.72%. The firm had revenue of $379.81 million for the quarter, compared to analysts’ expectations of $356.30 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. research analysts forecast that Graco will post 1.45 earnings per share for the current fiscal year.

In related news, insider Daniel Stolyarov sold 500,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $0.11, for a total transaction of $55,000.00. Also, VP Mark W. Sheahan sold 30,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $131.31, for a total value of $3,939,300.00. Following the sale, the vice president now owns 49,538 shares in the company, valued at $6,504,834.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 734,752 shares of company stock worth $18,245,690. 5.70% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in GGG. Advisors Asset Management Inc. increased its stake in Graco by 106.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,123 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 578 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Graco by 200.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 800 shares during the last quarter. Fiduciary Trust Co. bought a new position in Graco in the 2nd quarter worth about $180,000. Parallax Volatility Advisers L.P. increased its stake in Graco by 127.0% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 1,918 shares of the industrial products company’s stock worth $210,000 after acquiring an additional 1,073 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in Graco in the 3rd quarter worth about $210,000. 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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