Graco Inc. (NYSE:GGG)‘s stock had its “hold” rating reiterated by research analysts at KeyCorp in a research report issued on Friday.

Several other research firms also recently commented on GGG. Zacks Investment Research upgraded shares of Graco from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research note on Monday, July 31st. Wolfe Research upgraded shares of Graco from an “underperform” rating to a “peer perform” rating and set a $100.00 target price for the company in a research note on Monday, July 31st. FBR & Co reiterated a “marketperform” rating on shares of Graco in a research note on Tuesday, July 11th. Royal Bank Of Canada reiterated a “hold” rating on shares of Graco in a research note on Friday, July 28th. Finally, Robert W. Baird reiterated a “hold” rating and set a $129.00 target price on shares of Graco in a research note on Wednesday, October 4th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $110.00.

Shares of Graco (GGG) opened at 125.96 on Friday. The company has a market cap of $7.05 billion, a PE ratio of 79.92 and a beta of 1.25. Graco has a 12 month low of $72.88 and a 12 month high of $126.20. The firm’s 50-day moving average price is $121.62 and its 200 day moving average price is $111.78.

Graco (NYSE:GGG) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.32. The business had revenue of $379.50 million during the quarter, compared to the consensus estimate of $369.36 million. Graco had a net margin of 6.50% and a return on equity of 40.21%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Equities research analysts anticipate that Graco will post $4.54 earnings per share for the current fiscal year.

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In related news, VP Karen Park Gallivan sold 12,242 shares of the business’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Eric Etchart sold 759 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $124.90, for a total transaction of $94,799.10. Following the transaction, the director now owns 11,983 shares of the company’s stock, valued at approximately $1,496,676.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,258 shares of company stock valued at $7,758,089. Insiders own 5.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Curbstone Financial Management Corp lifted its position 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 acquiring an additional 3,926 shares during the last quarter. Griffin Asset Management Inc. purchased a new stake in Graco in the second quarter valued at $2,094,000. USA Financial Portformulas Corp purchased a new stake in Graco in the second quarter valued at $473,000. Dynamic Technology Lab Private Ltd purchased a new stake in Graco in the second quarter valued at $577,000. Finally, Koch Industries Inc. purchased a new stake in Graco in the second quarter valued at $582,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

About Graco

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.

Analyst Recommendations for Graco (NYSE:GGG)

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