Graco Inc. (GGG) Trades at $45.99 Forming Bearish Head & Shoulders Chart Pattern

May 16, 2018 - By Russell Jones

Graco Inc. (NYSE:GGG) Corporate Logo

During 2017 Q4 the big money sentiment increased to 9.88. That’s change of 8.92, from 2017Q3’s 0.96. 25 investors sold all, 7 reduced holdings as Graco Inc. ratio improved. 257 increased positions while 59 funds acquired positions. Funds hold 278.85 million shares thus 493.55% more from 2017Q3’s 46.98 million shares.
Baldwin Brothers Ma owns 0% invested in Graco Inc. (NYSE:GGG) for 450 shs. Winfield Associate holds 0% or 30 shs. Asset Management Inc reported 0.01% stake. Td Asset Incorporated owns 71,250 shs or 0% of their US capital. Ct Mason holds 1.77% or 111,102 shs in its capital. Brown Brothers Harriman & owns 2,619 shs or 0% of their US capital. Panagora Asset Management holds 0.01% in Graco Inc. (NYSE:GGG) or 49,221 shs. Fifth Third Natl Bank accumulated 0% or 6,504 shs. Price T Rowe Assoc Inc Md, Maryland-based fund reported 6.94 million shs. Shelton accumulated 0.04% or 12,504 shs. Stifel Financial holds 0.01% in Graco Inc. (NYSE:GGG) or 93,329 shs. Manufacturers Life Insurance The owns 279,348 shs. Barclays Public Limited Liability Corp has invested 0.01% in Graco Inc. (NYSE:GGG). 36,873 are owned by Thrivent Fincl For Lutherans. Assetmark stated it has 204 shs or 0% of all its holdings.

Graco Inc. registered $18.82 million net activity with 0 buys and 8 insider sales since December 13, 2017. $1.98M worth of Graco Inc. (NYSE:GGG) was sold by GALLIVAN KAREN PARK. $684,693 worth of Graco Inc. (NYSE:GGG) was sold by VAN SANT R WILLIAM on Thursday, May 10. 26,625 shs were sold by CARROLL WILLIAM J, worth $1.24 million on Monday, March 12. $10.01M worth of Graco Inc. (NYSE:GGG) was sold by MCHALE PATRICK J on Monday, May 7. On Tuesday, May 1 $657,476 worth of stock was sold by Etchart Eric.

Graco Inc. (GGG) chart formed a H&S technical pattern has $42.77 [Target]. That’s 7.00 % below today’s $45.99 price per share. $7.71 billion company has high risk because of the 9 months technical pattern. This technical pattern was announced on May, 16 by At $42.77 price target, the company’s valuation could be $539.49M less.

Ticker’s shares touched $45.99 during the last trading session after 0.82% change.Currently Graco Inc. is uptrending after 44.03% change in last May 16, 2017. GGG has 201,492 shares volume. GGG outperformed the S&P 500 by 32.48%.

On July, 25 is anticipated Graco Inc. (NYSE:GGG)’s earnings report, RTT reports. Analysts expect change of 8.70 % or $0.04 from previous year’s $0.46 earnings per share compared to current’s $0.50 earnings per share. GGG’s profit could be $83.79M with 23.00 P/E in case $0.50 earnings per share is reported. After $0.48 EPS report previous quarter, Wall Street now sees 4.17 % EPS growth of Graco Inc..

Graco Inc. (NYSE:GGG) Ratings Coverage

In total 8 analysts cover Graco (NYSE:GGG). “Buy” rating has 1, “Sell” are 0, while 7 are “Hold”. 13% are bullish. With $143.0 highest and $45.0 lowest target Graco has $62.71 average target or 36.36% above the current ($45.99) price. 10 are the (NYSE:GGG)’s analyst reports since December 13, 2017 according to StockzIntelligence Inc. The company rating was maintained by RBC Capital Markets on Tuesday, January 30. The company rating was maintained by Robert W. Baird on Wednesday, December 13. On Monday, January 22 the firm has “Hold” rating given by Seaport Global. On Wednesday, January 3 RBC Capital Markets maintained Graco Inc. (NYSE:GGG) rating. RBC Capital Markets has “Hold” rating and $49.0 target. On Tuesday, January 23 the firm earned “Buy” rating by Deutsche Bank. On Wednesday, April 4 the stock has “Hold” rating by Robert W. Baird. On Tuesday, January 30 the firm has “Hold” rating given by SunTrust. On Wednesday, January 31 the firm has “Neutral” rating given by B. Riley & Co.

Another two news for Graco Inc. (NYSE:GGG) were recently posted by: on April 26, 2018 with title “Graco Inc. 2018 Q1 – Results – Earnings Call Slides”. The other‘s article was titled “Graco up 5% on Q1 results, raises guidance” and posted on April 26, 2018.

Graco Inc. (NYSE:GGG) Institutional Investors Chart

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