Oppenheimer Reaffirms Their Hold Rating on Graco

Oppenheimer analyst Jim Giannakouros maintained a Hold rating on Graco (NYSE: GGG) yesterday. The company’s shares closed yesterday at $45.14.

According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 4.8% and a 50.3% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.

Graco has an analyst consensus of Hold, with a price target consensus of $50.

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Based on Graco’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $85.51 million. In comparison, last year the company had a net profit of $60.73 million.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GGG in relation to earlier this year. Last month, Martha Morfitt, a Director at GGG bought 6,450 shares for a total of $82,625.

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Graco, Inc. designs, manufactures and markets premium equipment to pump, meter, mix and dispense a wide variety of fluids and coatings. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.