Graco Inc. (NYSE:GGG) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $126.58 and last traded at $126.50, with a volume of 95,970 shares traded. The stock had previously closed at $125.43.

A number of research analysts have recently issued reports on GGG shares. BidaskClub downgraded shares of Graco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research downgraded shares of Graco from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Wolfe Research started coverage on shares of Graco in a research report on Tuesday, July 11th. They issued an “underperform” rating and a $100.00 price objective on the stock. FBR & Co reaffirmed a “marketperform” rating on shares of Graco in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Graco in a research report on Friday, July 28th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $110.00.

The company has a market capitalization of $7.11 billion, a P/E ratio of 80.51 and a beta of 1.25. The company has a 50 day moving average price of $120.37 and a 200-day moving average price of $111.10.

Graco (NYSE:GGG) last released its earnings results on Wednesday, July 26th. The industrial products company reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.32. Graco had a net margin of 6.50% and a return on equity of 40.21%. The firm had revenue of $379.50 million for the quarter, compared to analyst estimates of $369.36 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts anticipate that Graco Inc. will post $4.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 16th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.15%. Graco’s payout ratio is 92.90%.

In other Graco news, insider David M. Lowe sold 30,000 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $115.50, for a total value of $3,465,000.00. Following the transaction, the insider now directly owns 164,809 shares in the company, valued at $19,035,439.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Karen Park Gallivan sold 12,242 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $115.00, for a total transaction of $1,407,830.00. Following the completion of the transaction, the vice president now owns 27,264 shares in the company, valued at $3,135,360. The disclosure for this sale can be found here. Insiders sold 66,258 shares of company stock worth $7,758,089 over the last quarter. 5.70% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Curbstone Financial Management Corp increased its stake in Graco by 90.8% in the third quarter. Curbstone Financial Management Corp now owns 8,252 shares of the industrial products company’s stock valued at $1,021,000 after purchasing an additional 3,926 shares during the last quarter. Griffin Asset Management Inc. purchased a new position in Graco in the second quarter valued at approximately $2,094,000. USA Financial Portformulas Corp purchased a new position in Graco in the second quarter valued at approximately $473,000. Dynamic Technology Lab Private Ltd purchased a new position in Graco in the second quarter valued at approximately $577,000. Finally, Koch Industries Inc. purchased a new position in Graco in the second quarter valued at approximately $582,000. Institutional investors own 86.81% of the company’s stock.

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Graco Company Profile

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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