Graco (NYSE:GGG) Price Target Raised to $96.00 at Royal Bank Of Canada

Graco (NYSE:GGG) had its target price lifted by Royal Bank Of Canada from $92.00 to $96.00 in a research note published on Friday morning, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the industrial products company’s stock.

Several other analysts also recently weighed in on GGG. Robert W. Baird set a $94.00 target price on Graco in a research note on Friday. DA Davidson reiterated a “neutral” rating and set a $85.00 price target on shares of Graco in a report on Monday, April 27th. Weiss Ratings cut Graco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Wolfe Research downgraded shares of Graco from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $95.00.

Graco Stock Up 2.2%

NYSE:GGG opened at $79.43 on Friday. The company’s 50 day moving average is $75.07 and its 200-day moving average is $82.66. Graco has a 12 month low of $72.51 and a 12 month high of $95.69. The firm has a market cap of $12.86 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 2.50 and a beta of 0.93.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.10. The business had revenue of $590.55 million during the quarter, compared to the consensus estimate of $608.06 million. Graco had a net margin of 23.53% and a return on equity of 19.54%. Graco’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. Research analysts predict that Graco will post 3.1 EPS for the current fiscal year.

Graco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Monday, July 20th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Monday, July 20th. This represents a $1.18 annualized dividend and a yield of 1.5%. Graco’s payout ratio is currently 38.44%.

Insider Transactions at Graco

In related news, Director Andrea Helen Simon acquired 1,240 shares of the company’s stock in a transaction on Monday, April 27th. The stock was purchased at an average cost of $80.53 per share, for a total transaction of $99,857.20. Following the completion of the purchase, the director directly owned 1,240 shares of the company’s stock, valued at $99,857.20. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Graco

Hedge funds have recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC bought a new position in shares of Graco in the first quarter valued at approximately $26,000. Whipplewood Advisors LLC raised its position in Graco by 2,650.0% in the 1st quarter. Whipplewood Advisors LLC now owns 330 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 318 shares during the last quarter. Essential Partners LLC raised its position in Graco by 78.6% in the 1st quarter. Essential Partners LLC now owns 359 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 158 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Graco by 982.6% in the first quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 452 shares in the last quarter. Finally, Field & Main Bank acquired a new position in Graco in the fourth quarter worth $41,000. Institutional investors and hedge funds own 93.88% of the company’s stock.

Trending Headlines about Graco

Here are the key news stories impacting Graco this week:

• Positive Sentiment: Graco posted record second-quarter sales and operating earnings, while adjusted EPS of $0.91 beat expectations, helping fuel buying in the stock. Graco (GGG) On Record Q2 Earnings And The Case For More Upside
• Positive Sentiment: Management’s third-quarter sales guidance and reaffirmed full-year outlook signaled confidence in demand trends, backlog growth, and a stronger second half. Graco Inc. Signals Stronger Second Half Ahead
• Positive Sentiment: Royal Bank of Canada raised its price target on Graco to $96 from $92 and kept an outperform rating, reinforcing a bullish analyst view. Benzinga / The Fly analyst update
• Neutral Sentiment: William Blair maintained a Hold rating, saying improving orders and backlog are being offset by only modest near-term growth. Balanced Outlook for Graco
• Neutral Sentiment: Several articles highlighted that revenue came in below some estimates even as profits and margins improved, making the earnings reaction more dependent on outlook than on top-line growth alone. Graco Surpasses Q2 Earnings Estimates, Reaffirms 2026 View

About Graco

Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco’s solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company’s product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.