Media coverage about Graco (NYSE:GGG) has trended somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Graco earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.8800341048305 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Several research firms have weighed in on GGG. Royal Bank Of Canada restated a “hold” rating and set a $104.00 price target on shares of Graco in a report on Monday, June 5th. BidaskClub upgraded Graco from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Wolfe Research restated a “market perform” rating on shares of Graco in a report on Tuesday, August 1st. Zacks Investment Research upgraded Graco from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a report on Monday, July 31st. Finally, Deutsche Bank AG restated a “hold” rating and set a $110.00 price target (up previously from $105.00) on shares of Graco in a report on Monday, June 5th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Graco currently has a consensus rating of “Hold” and an average target price of $106.20.

Graco (GGG) opened at 117.24 on Thursday. The stock has a market cap of $6.56 billion, a PE ratio of 74.39 and a beta of 1.24. The firm’s 50-day moving average price is $113.94 and its 200 day moving average price is $106.17. Graco has a 12-month low of $69.33 and a 12-month high of $118.04.

Graco (NYSE:GGG) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.32. Graco had a return on equity of 40.21% and a net margin of 6.50%. The business had revenue of $379.50 million during the quarter, compared to analysts’ expectations of $369.36 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. Analysts anticipate that Graco will post $4.53 EPS for the current year.

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 stock was sold at an average price of $115.50, for a total transaction of $3,465,000.00. Following the completion of the transaction, the insider now owns 164,809 shares of the company’s stock, valued at $19,035,439.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $1,407,830.00. Following the transaction, the vice president now directly owns 27,264 shares of the company’s stock, valued at approximately $3,135,360. The disclosure for this sale can be found here. Insiders have sold 44,242 shares of company stock valued at $4,873,050 in the last three months. Insiders own 5.70% 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.

Insider Buying and Selling by Quarter for Graco (NYSE:GGG)

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