Graco Inc. (NYSE:GGG) shares gapped down prior to trading on Monday . The stock had previously closed at $79.22, but opened at $79.52. Graco shares last traded at $80.55, with a volume of 97,664 shares changing hands.

Several research analysts recently commented on the stock. Citigroup Inc. cut shares of Graco to a “neutral” rating and set a $80.00 target price for the company. in a report on Tuesday, March 22nd. They noted that the move was a valuation call. 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 report on Tuesday, March 22nd. Zacks Investment Research cut shares of Graco from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. 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 report on Monday, April 4th. Finally, 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 report on Thursday, April 14th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $82.88.

The stock has a market cap of $4.47 billion and a PE ratio of 14.76. The stock has a 50 day moving average of $79.62 and a 200-day moving average of $77.66.

Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, April 20th. The company reported $0.70 earnings per share 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 the consensus estimate of $308.83 million. During the same period in the prior year, the company earned $1.14 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate 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 of this dividend is Thursday, July 14th. This represents a $1.32 annualized dividend and a dividend yield of 1.64%.

In other news, Director Sant R. William Van sold 14,700 shares of Graco 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 completion of the sale, the director now owns 6,800 shares in the company, valued at approximately $550,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Charles L. Rescorla sold 22,500 shares of Graco stock in a transaction on Thursday, June 2nd. The shares were 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 of the company’s stock, valued at approximately $6,864,257.51. The disclosure for this sale can be found here.

Several hedge funds recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Graco by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 304,741 shares of the company’s stock valued at $21,964,000 after buying an additional 19,869 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Graco by 0.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 95,384 shares of the company’s stock valued at $6,874,000 after buying an additional 675 shares in the last quarter. Bragg Financial Advisors Inc raised its stake in Graco by 26.5% in the fourth quarter. Bragg Financial Advisors Inc now owns 36,780 shares of the company’s stock valued at $2,651,000 after buying an additional 7,705 shares in the last quarter. Bank of Montreal Can raised its stake in Graco by 304.8% in the fourth quarter. Bank of Montreal Can now owns 52,675 shares of the company’s stock valued at $3,797,000 after buying an additional 39,661 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its stake in Graco by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 37,220 shares of the company’s stock valued at $2,682,000 after buying an additional 12,628 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.