Shares of Graco Inc. (NYSE:GGG) saw an uptick in trading volume on Friday . 515,968 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 473,538 shares.The stock last traded at $73.97 and had previously closed at $73.37.

Several research firms have recently issued reports on GGG. Zacks Investment Research lowered Graco from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Sidoti lowered Graco from a “buy” rating to a “neutral” rating and set a $92.00 price target on the stock. in a research report on Monday, April 4th. William Blair lowered Graco from an “outperform” rating to a “market perform” rating and set a $78.00 price target on the stock. in a research report on Thursday. KeyCorp began coverage on Graco in a research report on Wednesday, May 25th. They issued a “sector weight” rating on the stock. Finally, SunTrust Banks Inc. lowered Graco from a “buy” rating to a “neutral” rating and set a $85.00 price target on the stock. in a research report on Thursday, April 14th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $82.13.

The stock has a market cap of $4.10 billion and a PE ratio of 21.74. The stock’s 50 day moving average is $79.21 and its 200-day moving average is $77.92.

Graco (NYSE:GGG) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by $0.11. The firm had revenue of $348.10 million for the quarter, compared to the consensus estimate of $352.49 million. During the same period in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts forecast that Graco Inc. will post $3.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 3rd. Stockholders of record on Monday, July 18th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, July 14th. This represents a $1.32 annualized dividend and a dividend yield of 1.79%.

In related news, VP Charles L. Rescorla sold 22,500 shares of the stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $81.73, for a total value of $1,838,925.00. Following the completion of the sale, the vice president now directly owns 83,987 shares in the company, valued at $6,864,257.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sant R. William Van sold 14,700 shares of the 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 of the company’s stock, valued at $550,800. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC increased 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 worth $6,874,000 after buying an additional 675 shares during 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 during the last quarter. Bragg Financial Advisors Inc increased 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 worth $2,651,000 after buying an additional 7,705 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased 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 worth $2,682,000 after buying an additional 12,628 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased 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 worth $21,964,000 after buying an additional 19,869 shares during the last quarter.

Graco Inc (Graco) is a manufacturing company. The Company designs, manufactures and markets equipment to pump, meter, mix and dispense fluid and powder materials. The Company operates through three segments: Industrial, Process and Contractor. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids.

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