Exhibit 23 Independent Auditors' Consent We consent to the incorporation by reference in Registration Statement No. 33-47829 on Form S-8 (the Company's Long Term Stock Incentive Plan), in Registration Statement No. 33-44821 on Form S-8 (the Company's Employee Stock Purchase Plan) and in Registration Statement No. 33-54205 on Form S- 8 (the Company's Nonemployee Director Stock Plan) of our report dated February 7, 1995, on the audit of the consolidated financial statements and financial statement schedule of Graco Inc. and Subsidiaries for each of the three years in the period ended December 30, 1994, included in the Annual Report on Form 10-K for the year ended December 30, 1994. Deloitte & Touche LLP Minneapolis, Minnesota March 20, 1995 33