Oppenheimer analyst Bryan Blair maintained a Hold rating on Graco (GGG) on March 27. The company’s shares closed last Tuesday at $71.09, close to its 52-week high of $76.98.
According to TipRanks.com, Blair is a 4-star analyst with an average return of 18.2% and a 67.8% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Altra Industrial Motion.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Graco with a $75.75 average price target, implying a 0.9% upside from current levels. In a report issued on October 16, Berenberg Bank also initiated coverage with a Hold rating on the stock with a $62.00 price target.
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Graco’s market cap is currently $11.91B and has a P/E ratio of 43.00. The company has a Price to Book ratio of 18.89.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GGG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Graco, Inc. is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies, Industrial Products and Process divisions. It markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids. The Process segment markets pumps, valves, meters and accessories to move and dispense chemicals, oil & natural gas, water, wastewater, petroleum, food, lubricants and other fluids. The Contractor segment equipment includes sprayers that apply texture to walls and ceilings, highly viscous coatings to roofs and markings on roads, parking lots, athletic fields and floors. Graco was founded by Russell Gray and Leil Gray in April 1926 and is headquartered in Minneapolis, MN.