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Graco Inc. (NYSE:GGG - Get Rating) - Equities researchers at Oppenheimer upped their FY2022 earnings per share estimates for shares of Graco in a research report issued on Sunday, October 30th. Oppenheimer analyst B. Blair now forecasts that the industrial products company will earn $2.60 per share for the year, up from their prior estimate of $2.55. The consensus estimate for Graco's current full-year earnings is $2.59 per share. Oppenheimer also issued estimates for Graco's FY2023 earnings at $2.77 EPS.

Other equities analysts have also recently issued reports about the company. DA Davidson lowered their target price on Graco to $70.00 in a report on Tuesday, August 9th. StockNews.com upgraded Graco from a "hold" rating to a "buy" rating in a report on Friday, October 28th. Robert W. Baird cut Graco from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a report on Thursday, July 14th. Finally, Royal Bank of Canada raised their target price on Graco from $68.00 to $74.00 and gave the company an "outperform" rating in a report on Friday, October 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $68.75.Graco Stock Performance

NYSE GGG opened at $70.22 on Wednesday. The stock has a market cap of $11.83 billion, a PE ratio of 26.80, a P/E/G ratio of 3.36 and a beta of 0.77. The company has a current ratio of 2.99, a quick ratio of 1.91 and a debt-to-equity ratio of 0.04. Graco has a twelve month low of $56.48 and a twelve month high of $81.09. The stock has a fifty day simple moving average of $63.53 and a 200-day simple moving average of $63.07. Institutional Investors Weigh In On Graco

Hedge funds and other institutional investors have recently made changes to their positions in the business. National Asset Management Inc. raised its position in shares of Graco by 87.8% during the 1st quarter. National Asset Management Inc. now owns 6,232 shares of the industrial products company's stock worth $435,000 after acquiring an additional 2,913 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of Graco by 19.5% during the 2nd quarter. Vontobel Holding Ltd. now owns 11,518 shares of the industrial products company's stock worth $688,000 after acquiring an additional 1,882 shares in the last quarter. Xponance Inc. raised its position in shares of Graco by 7.9% during the 2nd quarter. Xponance Inc. now owns 31,592 shares of the industrial products company's stock worth $1,877,000 after acquiring an additional 2,323 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Graco during the 1st quarter worth about $63,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Graco by 105.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 139,111 shares of the industrial products company's stock worth $9,699,000 after acquiring an additional 71,532 shares in the last quarter. Institutional investors and hedge funds own 86.47% of the company's stock. Insider Buying and Selling at Graco

In other Graco news, EVP David M. Ahlers sold 44,949 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $70.77, for a total value of $3,181,040.73. Following the sale, the executive vice president now owns 65,135 shares of the company's stock, valued at approximately $4,609,603.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.52% of the stock is owned by corporate insiders. Graco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Monday, October 17th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, October 14th. Graco's dividend payout ratio is currently 32.06%. Graco Company Profile (Get Rating)

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; equipment that pumps, meters, mixes and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems and applicators, and precision dispensing solutions.Recommended StoriesGet a free copy of the StockNews.com research report on Graco (GGG)Nomad Foods: A Defensive Stock on the MoveThe Market Is Suddenly All Ears on Warner Music GroupUber Stock Surge On The Back Of ProfitabiltyOnline Lender SoFi Jumps 14% On Better-Than-Expected Q3 ResultsWhy American Water Works May Not Want a Fed Pivot

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