Graco (NYSE:GGG)‘s stock had its “hold” rating reissued by equities research analysts at Robert W. Baird in a report released on Friday. They presently have a $143.00 price target on the industrial products company’s stock. Robert W. Baird’s target price would indicate a potential upside of 9.36% from the stock’s previous close.
A number of other research analysts also recently issued reports on GGG. BidaskClub raised Graco from a “hold” rating to a “buy” rating in a report on Friday, August 18th. KeyCorp reaffirmed a “hold” rating on shares of Graco in a report on Friday, October 20th. FBR & Co set a $140.00 price target on Graco and gave the company a “hold” rating in a report on Thursday, October 26th. SunTrust Banks reaffirmed a “hold” rating and set a $128.00 price target on shares of Graco in a report on Friday, October 27th. Finally, Zacks Investment Research downgraded Graco from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Twelve research analysts have rated the stock with a hold rating, Graco presently has a consensus rating of “Hold” and a consensus price target of $117.75.
Shares of Graco (NYSE GGG) opened at $130.76 on Friday. Graco has a 12 month low of $82.39 and a 12 month high of $134.11. The company has a market capitalization of $7,258.17, a price-to-earnings ratio of 28.23, a PEG ratio of 2.83 and a beta of 1.23. 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 announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.09. The firm had revenue of $379.81 million for the quarter, compared to the consensus estimate of $356.30 million. Graco had a return on equity of 42.05% and a net margin of 7.72%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. equities research analysts anticipate that Graco will post 4.36 EPS for the current year.
In other Graco news, CFO Christian E. Rothe sold 12,750 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $132.01, for a total value of $1,683,127.50. Following the transaction, the chief financial officer now owns 16,905 shares of the company’s stock, valued at $2,231,629.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark W. Sheahan sold 30,000 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 49,538 shares in the company, valued at approximately $6,504,834.78. The disclosure for this sale can be found here. In the last three months, insiders sold 708,511 shares of company stock worth $17,080,399. 5.70% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its stake in shares of Graco by 5.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 294,355 shares of the industrial products company’s stock worth $32,168,000 after buying an additional 16,265 shares during the period. Arizona State Retirement System raised its stake in shares of Graco by 0.4% in the second quarter. Arizona State Retirement System now owns 23,400 shares of the industrial products company’s stock worth $2,557,000 after buying an additional 100 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Graco by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 4,490 shares of the industrial products company’s stock worth $491,000 after buying an additional 80 shares during the period. Wedbush Securities Inc. raised its stake in shares of Graco by 12.5% in the second quarter. Wedbush Securities Inc. now owns 2,954 shares of the industrial products company’s stock worth $323,000 after buying an additional 329 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of Graco by 106.1% in the second quarter. Advisors Asset Management Inc. now owns 1,123 shares of the industrial products company’s stock worth $123,000 after buying an additional 578 shares during the period. 86.27% of the stock is currently owned by institutional investors.
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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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