Graco (NYSE:GGG) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Graco (NYSE:GGG) had its price objective lifted by equities research analysts at Royal Bank Of Canada from $92.00 to $96.00 in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 20.86% from the company’s previous close.

GGG has been the topic of several other research reports. DA Davidson reaffirmed a “neutral” rating and set a $85.00 target price on shares of Graco in a research note on Monday, April 27th. Wolfe Research cut Graco from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Robert W. Baird set a $94.00 price target on Graco in a report on Friday. Finally, Weiss Ratings cut shares of Graco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $95.00.

Graco Trading Up 2.2%

GGG opened at $79.43 on Friday. The business’s 50 day moving average is $75.07 and its 200-day moving average is $82.66. The stock has a market cap of $12.86 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 2.56 and a beta of 0.93. Graco has a twelve month low of $72.51 and a twelve month high of $95.69.

Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.10. Graco had a return on equity of 19.54% and a net margin of 23.53%.The business had revenue of $590.55 million during the quarter, compared to the consensus estimate of $608.06 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. As a group, analysts forecast that Graco will post 3.1 EPS for the current year.

Insider Buying and Selling

In other news, Director Andrea Helen Simon bought 1,240 shares of the business’s stock in a transaction on Monday, April 27th. The stock was purchased at an average cost of $80.53 per share, for a total transaction of $99,857.20. Following the completion of the transaction, the director directly owned 1,240 shares of the company’s stock, valued at approximately $99,857.20. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Graco

Several hedge funds have recently modified their holdings of GGG. AE Wealth Management LLC lifted its holdings in Graco by 32.7% in the 4th quarter. AE Wealth Management LLC now owns 398,336 shares of the industrial products company’s stock valued at $32,652,000 after acquiring an additional 98,141 shares during the last quarter. Comerica Bank grew its stake in shares of Graco by 54.1% in the 4th quarter. Comerica Bank now owns 172,328 shares of the industrial products company’s stock worth $14,126,000 after purchasing an additional 60,486 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Graco by 20,706.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,362 shares of the industrial products company’s stock worth $45,605,000 after purchasing an additional 553,688 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Graco by 294.4% in the 4th quarter. Teacher Retirement System of Texas now owns 297,787 shares of the industrial products company’s stock worth $24,410,000 after purchasing an additional 222,279 shares in the last quarter. Finally, Oxbow Advisors LLC bought a new stake in shares of Graco in the 4th quarter worth approximately $3,157,000. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Graco

Here are the key news stories impacting Graco this week:

• Positive Sentiment: Graco posted record second-quarter sales and operating earnings, while adjusted EPS of $0.91 beat expectations, helping fuel buying in the stock. Graco (GGG) On Record Q2 Earnings And The Case For More Upside
• Positive Sentiment: Management’s third-quarter sales guidance and reaffirmed full-year outlook signaled confidence in demand trends, backlog growth, and a stronger second half. Graco Inc. Signals Stronger Second Half Ahead
• Positive Sentiment: Royal Bank of Canada raised its price target on Graco to $96 from $92 and kept an outperform rating, reinforcing a bullish analyst view. Benzinga / The Fly analyst update
• Neutral Sentiment: William Blair maintained a Hold rating, saying improving orders and backlog are being offset by only modest near-term growth. Balanced Outlook for Graco
• Neutral Sentiment: Several articles highlighted that revenue came in below some estimates even as profits and margins improved, making the earnings reaction more dependent on outlook than on top-line growth alone. Graco Surpasses Q2 Earnings Estimates, Reaffirms 2026 View

Graco Company Profile

Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco’s solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company’s product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.