What’s Graco Inc. (GGG) Upside After Reaching 52-Week High?

September 17, 2017 - By Winifred Garcia

Investors sentiment decreased to 1.1 in 2016 Q4. Its down 0.08, from 1.18 in 2016Q3. It is negative, as 26 investors sold Graco Inc. shares while 90 reduced holdings. 38 funds opened positions while 90 raised stakes. 48.14 million shares or 2.34% more from 47.04 million shares in 2016Q3 were reported.
Parametric Assocs Ltd Llc holds 242,088 shares or 0.03% of its portfolio. Brandywine Glob Inv Ltd Liability Corp holds 0% of its portfolio in Graco Inc. (NYSE:GGG) for 4,304 shares. Teachers Retirement Systems Of The State Of Kentucky accumulated 13,800 shares. Capstone Asset Mgmt has 0.01% invested in Graco Inc. (NYSE:GGG) for 5,516 shares. Thrivent Fin For Lutherans owns 0% invested in Graco Inc. (NYSE:GGG) for 9,520 shares. Utah Retirement Systems stated it has 10,078 shares or 0.02% of all its holdings. Rk Cap Mgmt Ltd Liability accumulated 92,525 shares. Bluecrest Mgmt reported 29,066 shares stake. Bluemountain Cap Mngmt Ltd Company reported 4,669 shares. Amalgamated Savings Bank reported 10,668 shares stake. Regions Financial holds 0.02% or 19,510 shares in its portfolio. Advsrs Asset Management Inc invested in 0% or 1,350 shares. Paloma Prtn Mgmt Com holds 3,062 shares or 0% of its portfolio. Oregon Pub Employees Retirement Fund has invested 0.03% in Graco Inc. (NYSE:GGG). Kj Harrison Prtnrs has invested 0.17% of its portfolio in Graco Inc. (NYSE:GGG).

Since May 1, 2017, it had 0 insider purchases, and 10 insider sales for $19.44 million activity. On Thursday, May 4 JOHNSON DALE D sold $3.27 million worth of Graco Inc. (NYSE:GGG) or 30,000 shares. $90,323 worth of stock was sold by Etchart Eric on Friday, June 2. $3.16 million worth of Graco Inc. (NYSE:GGG) shares were sold by Johnson Jeffrey P.. Another trade for 17,200 shares valued at $1.86 million was made by VAN SANT R WILLIAM on Monday, May 1. RESCORLA CHARLES L also sold $3.30M worth of Graco Inc. (NYSE:GGG) on Tuesday, May 9. O’Shea Peter J sold $1.81M worth of stock or 15,986 shares. Shares for $2.58 million were sold by MCHALE PATRICK J on Thursday, May 4.

The stock of Graco Inc. (NYSE:GGG) hit a new 52-week high and has $129.50 target or 8.00 % above today’s $119.91 share price. The 7 months bullish chart indicates low risk for the $6.71B company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $129.50 price target is reached, the company will be worth $536.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.20% or $1.42 on September 15, reaching $119.91. About 575,553 shares traded or 177.06% up from the average. Graco Inc. (NYSE:GGG) has risen 41.79% since September 17, 2016 and is uptrending. It has outperformed by 25.09% the S&P500.

Analysts await Graco Inc. (NYSE:GGG) to report earnings on October, 25 after the close. They expect $1.05 EPS, up 10.53 % or $0.10 from last year’s $0.95 per share. GGG’s profit will be $58.76M for 28.55 P/E if the $1.05 EPS becomes a reality. After $1.38 actual EPS reported by Graco Inc. for the previous quarter, Wall Street now forecasts -23.91 % negative EPS growth.

Graco Inc. (NYSE:GGG) Ratings Coverage

Among 11 analysts covering Graco Inc (NYSE:GGG), 1 have Buy rating, 0 Sell and 10 Hold. Therefore 9% are positive. Graco Inc has $11200 highest and $70 lowest target. $91.25’s average target is -23.90% below currents $119.91 stock price. Graco Inc had 21 analyst reports since September 15, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Hold” rating in Wednesday, July 26 report. RBC Capital Markets maintained the stock with “Hold” rating in Monday, May 1 report. The firm earned “Underperform” rating on Wednesday, January 27 by RBC Capital Markets. The rating was initiated by Suntrust Robinson on Tuesday, November 3 with “Buy”. The company was downgraded on Wednesday, February 1 by Wunderlich. The company was initiated on Tuesday, September 15 by Alembic. As per Thursday, July 27, the company rating was maintained by RBC Capital Markets. The company was downgraded on Thursday, April 14 by SunTrust. As per Wednesday, February 1, the company rating was maintained by RBC Capital Markets. As per Tuesday, March 22, the company rating was downgraded by Seaport Global.

Another recent and important Graco Inc. (NYSE:GGG) news was published by Nasdaq.com which published an article titled: “Graco Inc. (GGG) Ex-Dividend Date Scheduled for July 13, 2017” on July 12, 2017.

Graco Inc. designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The company has market cap of $6.71 billion. The Firm specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control. It has a 79.1 P/E ratio. The Firm operates through three divisions: Industrial, Process and Contractor.

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