RBC Capital Sticks to Its Hold Rating for Graco

By Jason Carr

In a report released today, Deane Dray from RBC Capital reiterated a Hold rating on Graco (NYSE: GGG), with a price target of $104. The company’s shares opened today at $113.09, close to its 52-week high of $114.52.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 6.2% and a 65.9% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Emerson Electric Company, and United Technologies Corp.

Graco has an analyst consensus of Hold, with a price target consensus of $104.

The company has a one year high of $114.52 and a one year low of $69.33. Currently, Graco has an average volume of 281K.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Last month, Charles Rescorla, the VP of GGG sold 30,000 shares for a total of $3,299,410.

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. 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 Lubrication. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division. It markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids. The Contractor segment directs its product development, sales and marketing efforts toward three broad applications: paint, texture, and pavement maintenance. The Lubrication segment focuses its engineering, marketing and sales efforts on two main lubrication applications: vehicle services and industrial lubrication. The company was founded by Russell Gray and Leil Gray in April 1926 and is headquartered in Minneapolis, MN.