Graco Inc. (NYSE:GGG)’s share price fell 1.5% during mid-day trading on Wednesday . The company traded as low as $75.92 and last traded at $76.24, with a volume of 344,354 shares. The stock had previously closed at $77.38.

A number of brokerages have issued reports on GGG. Sidoti cut shares of Graco from a “buy” rating to a “neutral” rating and set a $92.00 target price for the company. in a research report on Monday, April 4th. SunTrust Banks Inc. cut shares of Graco from a “buy” rating to a “neutral” rating and set a $85.00 target price for the company. in a research report on Thursday, April 14th. Seaport Global Securities cut shares of Graco from an “accumulate” rating to a “neutral” rating and set a $80.00 target price for the company. in a research report on Tuesday, March 22nd. Citigroup Inc. cut shares of Graco to a “neutral” rating and set a $80.00 target price for the company. in a research report on Tuesday, March 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Graco from a “buy” rating to a “hold” rating in a research report on Tuesday, March 22nd. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Graco presently has an average rating of “Hold” and a consensus target price of $82.88.

The company has a market capitalization of $4.26 billion and a PE ratio of 14.07. The company has a 50-day moving average of $79.57 and a 200 day moving average of $77.47.

Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.06. The firm had revenue of $304.90 million for the quarter, compared to analyst estimates of $308.83 million. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 EPS. On average, equities research analysts expect that Graco Inc. will post $3.60 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 3rd. Stockholders of record on Monday, July 18th will be paid a $0.33 dividend. The ex-dividend date is Thursday, July 14th. This represents a $1.32 annualized dividend and a dividend yield of 1.72%.

In other news, Director Sant R. William Van sold 14,700 shares of the firm’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $81.00, for a total value of $1,190,700.00. Following the sale, the director now owns 6,800 shares in the company, valued at $550,800. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Charles L. Rescorla sold 22,500 shares of the firm’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $81.73, for a total transaction of $1,838,925.00. Following the completion of the sale, the vice president now owns 83,987 shares in the company, valued at approximately $6,864,257.51. The disclosure for this sale can be found here.

Other large investors recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in shares of Graco by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 108,753 shares of the company’s stock valued at $7,838,000 after buying an additional 1,785 shares during the last quarter. American Century Companies Inc. increased its stake in Graco by 0.5% in the fourth quarter. American Century Companies Inc. now owns 380,949 shares of the company’s stock worth $27,455,000 after buying an additional 1,769 shares in the last quarter. First Trust Advisors LP increased its stake in Graco by 66.4% in the fourth quarter. First Trust Advisors LP now owns 60,046 shares of the company’s stock worth $4,328,000 after buying an additional 23,965 shares in the last quarter. TD Asset Management Inc. increased its stake in Graco by 13.2% in the fourth quarter. TD Asset Management Inc. now owns 14,550 shares of the company’s stock worth $1,049,000 after buying an additional 1,700 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Graco by 1.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 99,571 shares of the company’s stock worth $7,176,000 after buying an additional 1,682 shares in the last quarter.

Graco Inc (Graco) is a manufacturing company. The Company designs, manufactures and markets equipment to pump, meter, mix and dispense a variety of fluids and coatings. Its equipment is used in the construction, automotive, industrial, mining, oil and natural gas, process, public works and other industries.

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