In a report released today, Bryan Blair from Oppenheimer maintained a Hold rating on Graco (GGG – Research Report). The company’s shares closed last Friday at $79.09.
According to TipRanks, Blair is a 5-star analyst with an average return of 20.0% and a 68.20% success rate. Blair covers the Industrials sector, focusing on stocks such as Carlisle Companies, SPX, and Timken Company.
The word on The Street in general, suggests a Hold analyst consensus rating for Graco with a $83.33 average price target, a 5.36% upside from current levels. In a report released on July 28, D.A. Davidson also maintained a Hold rating on the stock with a $75.00 price target.
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GGG market cap is currently $13.56B and has a P/E ratio of 26.91.
Based on the recent corporate insider activity of 28 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. Most recently, in May 2023, Jeffrey P. Johnson, the President of GGG sold 15,252.00 shares for a total of $1,198,044.60.
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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.
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