Graco Inc. (GGG) Is Forming Bearish H&S at $45.99

May 16, 2018 - By Billy Entrekin

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 increased. 257 grew stakes while 59 funds amassed stakes. Funds hold 278.85 million shares thus 493.55% more from 2017Q3’s 46.98 million shares.
Fincl Bank Of Mellon, a New York-based fund reported 2.58M shs. Geode Mgmt Lc accumulated 1.48M shs. Glenmede Tru Na invested 0.01% in Graco Inc. (NYSE:GGG). Asset Mngmt One holds 0.01% or 72,921 shs in its capital. Schwartz Invest Counsel holds 750,450 shs. Panagora Asset Mgmt Incorporated stated it has 0.01% in Graco Inc. (NYSE:GGG). Jfs Wealth Advisors Limited Liability Company holds 0% or 105 shs in its capital. Accredited Invsts owns 25,401 shs for 0.32% of their capital. Commonwealth Of Pennsylvania School Empls Retrmt stated it has 0.02% of its capital in Graco Inc. (NYSE:GGG). Texas Permanent School Fund accumulated 113,826 shs. Parametrica Limited reported 6,119 shs or 0.18% of all its holdings. Leavell Investment owns 0.12% invested in Graco Inc. (NYSE:GGG) for 22,500 shs. Crestpoint Cap Management Limited Liability holds 0.2% in Graco Inc. (NYSE:GGG) or 7,800 shs. Iberiabank Corp accumulated 21,234 shs. 13,248 were reported by Ls Investment Advsrs Limited Liability Corporation.

Graco Inc. had 8 insider sales and 0 insider purchases since December 13, 2017. This’s net activity of $18.82 million. On Wednesday, December 13 $1.68M worth of stock was sold by Rothe Christian E. 26,625 shs were sold by CARROLL WILLIAM J, worth $1.24 million. On Monday, May 7 221,670 shs were sold by MCHALE PATRICK J, worth $10.01 million. VAN SANT R WILLIAM had sold 15,000 shs worth $684,693. Etchart Eric sold 15,000 shs worth $657,476.

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 Faxor.com. At $42.77 price target, the company’s valuation could be $539.49M less.

GGG is hitting $45.99 during the last trading session, after increased 0.82%.Graco Inc. has volume of 201,492 shares. Since May 16, 2017 GGG has risen 44.03% and is uptrending. GGG outperformed the S&P500 by 32.48%.

Graco Inc. (NYSE:GGG)’s quarterly earnings will be announced on July, 25., according to RTT. This year’s earnings per share analyst estimate is anticipated to be $0.50. That is 8.70 % up compareed to $0.46 earnings per share for last year. If reported the P/E will be 23.00 with $83.79M profit. After $0.48 EPS report previous quarter, Wall Street now forecasts 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”. (NYSE:GGG) has 13% bullish analysts. With $143.0 highest and $45.0 lowest PT, Graco has $62.71 average PT or 36.36% above the current ($45.99) price. 10 are the (NYSE:GGG)’s ratings reports on May 16, 2018 according to StockzIntelligence Inc. The company rating was maintained by RBC Capital Markets on Tuesday, January 30. On Wednesday, December 13 Robert W. Baird maintained Graco Inc. (NYSE:GGG) with “Hold” rating. On Wednesday, April 4 the stock of Graco Inc. (NYSE:GGG) has “Hold” rating given by Robert W. Baird. On Tuesday, January 30 the stock of Graco Inc. (NYSE:GGG) has “Hold” rating given by SunTrust. In Wednesday, January 31 report B. Riley & Co maintained it with “Neutral” rating and $50 target. On Tuesday, January 23 the firm has “Buy” rating given by Deutsche Bank. On Monday, January 22 the firm has “Hold” rating given by Seaport Global. The company rating was maintained by RBC Capital Markets on Wednesday, January 3.

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

Graco Inc. (NYSE:GGG) Institutional Investors Chart

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