SunTrust Robinson Humphrey Downgrades Graco to Neutral

Brokerage firm SunTrust Robinson Humphrey Downgrades its rating on Graco(NYSE:GGG). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by SunTrust Robinson Humphrey was issued on Apr 14, 2016.

In a different note, On Apr 4, 2016, Sidoti & Co. said it Downgrades its rating on Graco. The shares have been rated ‘Neutral’ by the firm. On Mar 22, 2016, Seaport Global said it Downgrades its rating on Graco. The shares have been rated ‘Neutral’ by the firm. On Feb 29, 2016, RBC Capital said it Upgrades its rating on Graco. In the research note, the firm Raises the price-target to $71.00 per share. The shares have been rated ‘Sector Perform’ by the firm.

Graco (GGG) made into the market gainers list on Mondays trading session with the shares advancing 0.13% or 0.11 points. Due to strong positive momentum, the stock ended at $84.87, which is also near the day’s high of $85.35. The stock began the session at $84.39 and the volume stood at 2,32,451 shares. The 52-week high of the shares is $86.4193 and the 52 week low is $63.05. The company has a current market capitalization of $4,678 M and it has 5,51,15,889 shares in outstanding.

Graco(GGG) last announced its earnings results on Jan 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $325.56M. Analysts had an estimated revenue of $315.92M. Earnings per share were $0.93. Analysts had estimated an EPS of $0.78.

Several Insider Transactions has been reported to the SEC. On Mar 11, 2016, Bernard J Moreau (Vice President) sold 3,080 shares at $81.29 per share price.Also, On Mar 9, 2016, Martha A M Morfitt (director) sold 2,177 shares at $81.05 per share price.On Mar 9, 2016, Jack W Eugster (director) sold 1,799 shares at $81.56 per share price, according to the Form-4 filing with the securities and exchange commission.

Graco Inc. (Graco) is a manufacturing company. The Company designs manufactures and markets equipment to pump meter mix and dispense a variety of fluids and coatings. Its equipment is used in the construction automotive industrial mining oil and natural gas process public works and other industries. The Company operates in three segments: Industrial Contractor and Lubrication. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints coatings sealants adhesives and other fluids. The Contractor segment markets sprayers for architectural coatings for painting corrosion control texture and line striping. The Lubrication segment markets products to move and dispense lubricants for service garages fleet service centers automobile dealerships the mining industry and industrial lubrication applications. Graco sells its products in North Central and South America Europe Middle East and Africa and Asia Pacific.

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