<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GRACO INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS AND CONSOLIDATED BALANCE SHEETS FOR THE QUARTERLY PERIOD ENDING JUNE 30, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000042888 <NAME> GRACO INC. <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-29-1995 <PERIOD-END> JUN-30-1995 <CASH> 1,137 <SECURITIES> 0 <RECEIVABLES> 88,188 <ALLOWANCES> 5,695 <INVENTORY> 53,039 <CURRENT-ASSETS> 151,354 <PP&E> 154,117 <DEPRECIATION> 79,377 <TOTAL-ASSETS> 241,085 <CURRENT-LIABILITIES> 87,428 <BONDS> 31,930 <COMMON> 11,486 <PREFERRED-MANDATORY> 1,474 <PREFERRED> 0 <OTHER-SE> 81,715 <TOTAL-LIABILITY-AND-EQUITY> 241,085 <SALES> 198,929 <TOTAL-REVENUES> 198,929 <CGS> 100,987 <TOTAL-COSTS> 100,987 <OTHER-EXPENSES> 75,474 <LOSS-PROVISION> 1,132 <INTEREST-EXPENSE> 1,429 <INCOME-PRETAX> 22,468 <INCOME-TAX> 8,500 <INCOME-CONTINUING> 13,968 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 13,968 <EPS-PRIMARY> 1.20 <EPS-DILUTED> 1.20