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Graco (NYSE:GGG - Get Rating) had its price target boosted by research analysts at Royal Bank of Canada from $68.00 to $74.00 in a report released on Friday, Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Royal Bank of Canada's price target suggests a potential upside of 6.61% from the stock's previous close.

Several other equities analysts also recently issued reports on the stock. Robert W. Baird downgraded shares of Graco from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a report on Thursday, July 14th. DA Davidson dropped their price target on shares of Graco to $70.00 in a research report on Tuesday, August 9th. Finally, StockNews.com upgraded Graco from a "hold" rating to a "buy" rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $68.75.Graco Trading Up 3.6 %

Shares of GGG stock opened at $69.41 on Friday. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.36 and a beta of 0.78. The firm's 50 day moving average price is $63.50 and its two-hundred day moving average price is $63.07. Graco has a fifty-two week low of $56.48 and a fifty-two week high of $81.09. The company has a quick ratio of 1.95, a current ratio of 2.99 and a debt-to-equity ratio of 0.04. Insider Activity

In other Graco news, EVP David M. Ahlers sold 44,949 shares of the company's stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $70.77, for a total transaction of $3,181,040.73. Following the completion of the transaction, 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 at the SEC website. 3.52% of the stock is owned by company insiders. Hedge Funds Weigh In On Graco

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D grew its stake in shares of Graco by 8.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 81,005 shares of the industrial products company's stock valued at $4,856,000 after buying an additional 6,126 shares during the period. GHP Investment Advisors Inc. lifted its position in shares of Graco by 87.5% during the third quarter. GHP Investment Advisors Inc. now owns 30,286 shares of the industrial products company's stock worth $1,816,000 after purchasing an additional 14,133 shares in the last quarter. US Bancorp DE raised its holdings in shares of Graco by 1.0% during the third quarter. US Bancorp DE now owns 283,351 shares of the industrial products company's stock worth $16,987,000 after purchasing an additional 2,871 shares during the period. Van ECK Associates Corp grew its position in Graco by 9.9% in the 3rd quarter. Van ECK Associates Corp now owns 5,769 shares of the industrial products company's stock valued at $346,000 after buying an additional 519 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Graco by 1.0% during the 3rd quarter. Synovus Financial Corp now owns 24,312 shares of the industrial products company's stock valued at $1,457,000 after buying an additional 247 shares during the period. 86.47% of the stock is owned by hedge funds and other institutional investors. 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.Featured StoriesGet a free copy of the StockNews.com research report on Graco (GGG)Morgan Stanley Still Has Double Digit Upside Here’s Why Quest Diagnostics Stock Should Be in Your Portfolio Why is AbbVie Stock Falling, but Still Good Long-Term?Krispy Kreme Deal with McDonalds Could Be a Gamechanger Shopify Stock Price Surges as Losses Narrow, Investments Pay Off

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