Brokerage firm William Blair Downgrades its rating on Graco(NYSE:GGG). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by William Blair was issued on Jul 21, 2016.
Graco (GGG) made into the market gainers list on Wednesdays trading session with the shares advancing 0.79% or 0.63 points. Due to strong positive momentum, the stock ended at $80.28, which is also near the day’s high of $80.48. The stock began the session at $79.67 and the volume stood at 3,81,766 shares. The 52-week high of the shares is $86.62 and the 52 week low is $63.05. The company has a current market capitalization of $4,465 M and it has 5,56,14,000 shares in outstanding.
Graco(GGG) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $304.91M. Analysts had an estimated revenue of $309.30M. Earnings per share were $0.70. Analysts had estimated an EPS of $0.76.
Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Charles L Rescorla (Vice President) sold 22,500 shares at $81.73 per share price.Also, On May 12, 2016, Sant R William Van (director) sold 14,700 shares at $81.00 per share price.On Mar 11, 2016, Bernard J Moreau (Vice President) sold 3,080 shares at $81.29 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.