NEW YORK (

TheStreet

) --

Graco Incorporated

(NYSE:

GGG

) hit a new 52-week high Thursday as it traded at $43.21 compared with its previous 52-Week high of $43.20. Graco is changing hands at $43.20 with 94,388 shares traded as of 3:31 p.m. ET. Average volume has been 344,700 shares over the past 30 days.

Graco has a market cap of $2.6 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are up 7.8% year to date as of the close of trading on Wednesday.

Graco Inc., together with its subsidiaries, provides fluid handling solutions to manufacturing, processing, construction, and maintenance sectors worldwide. It operates in three segments: Industrial, Contractor, and Lubrication. The company has a P/E ratio of 25.3, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 16.

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TheStreet Ratings rates Graco as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Graco Ratings Report

.

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