Here's Why Hold Strategy is Apt for Graco (GGG) Stock Now

Graco Inc. (GGG) has been benefiting from product innovations and sound liquidity positions despite weakness in the Industrial segment and increasing costs. Growth Catalysts In the first quarter of 2024 and full year 2023, it spent $21.9 million and$83 million, respectively, for product developments. Despite the slow start to the year, the company expects improving order rates, coupled with product introductions to drive its performance in the upcoming quarters. Graco expects its new products, particularly ...