Graco (NYSE: GGG) has recently received a number of price target changes and ratings updates:

  • 8/1/2017 – Graco had its “market perform” rating reaffirmed by analysts at Wolfe Research.
  • 7/31/2017 – Graco was upgraded by analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating. They now have a $100.00 price target on the stock.
  • 7/31/2017 – Graco was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $127.00 price target on the stock. According to Zacks, “Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial settings. Based in Minneapolis, Minnesota, Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries. It designs, manu-factures and markets systems and equipment to move, measure, control, dispense and apply fluid materials. The Company helps customers solve difficult manufacturing problems, increase productivity, improve quality, conserve energy, and save expensive materials. “
  • 7/28/2017 – Graco had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 7/16/2017 – Graco was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/11/2017 – Graco is now covered by analysts at Wolfe Research. They set an “underperform” rating and a $100.00 price target on the stock.
  • 7/11/2017 – Graco had its “marketperform” rating reaffirmed by analysts at FBR & Co.
  • 7/10/2017 – Graco was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial settings. Based in Minneapolis, Minnesota, Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries. It designs, manu-factures and markets systems and equipment to move, measure, control, dispense and apply fluid materials. The Company helps customers solve difficult manufacturing problems, increase productivity, improve quality, conserve energy, and save expensive materials. “
  • 6/22/2017 – Graco was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Graco Inc. (NYSE GGG) opened at 112.47 on Friday. Graco Inc. has a one year low of $69.33 and a one year high of $116.75. The firm has a market cap of $6.30 billion, a PE ratio of 71.36 and a beta of 1.25. The company’s 50-day moving average is $110.73 and its 200 day moving average is $102.17.

Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.32. The company had revenue of $379.50 million during the quarter, compared to analyst estimates of $369.36 million. Graco had a net margin of 6.50% and a return on equity of 40.21%. Graco’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. Equities analysts anticipate that Graco Inc. will post $4.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Monday, July 17th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.28%. Graco’s dividend payout ratio is currently 92.90%.

In other Graco news, VP Jeffrey P. Johnson sold 28,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $113.00, for a total transaction of $3,164,000.00. Following the completion of the sale, the vice president now owns 42,213 shares in the company, valued at approximately $4,770,069. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Etchart sold 793 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $113.90, for a total transaction of $90,322.70. Following the sale, the director now owns 11,224 shares of the company’s stock, valued at approximately $1,278,413.60. The disclosure for this sale can be found here. Insiders sold a total of 129,021 shares of company stock valued at $6,484,484 in the last quarter. 5.70% of the stock is currently owned by company insiders.

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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