NEW YORK ( TheStreet) -- Graco Incorporated (NYSE: GGG) hit a new 52-week high Monday as it is currently trading at $54.43, above its previous 52-week high of $54.41 with 285,430 shares traded as of 1:05 p.m. ET. Average volume has been 345,500 shares over the past 30 days. Graco has a market cap of $3.21 billion and is part of the industrial goods sector and industrial industry. Shares are up 29.3% year to date as of the close of trading on Friday. Graco Inc. designs, manufactures, and markets systems and equipment to pump, meter, mix, and dispense various fluids and semi-solids worldwide. It operates in three segments: Industrial, Contractor, and Lubrication. The company has a P/E ratio of 22.9, below the average industrial industry P/E ratio of 23.1 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Graco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Graco Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.