W.R. Grace & Co. (NYSE:gra) announced a quarterly dividend on Wednesday, October 26th. Shareholders of record on Thursday, November 17th will be paid a dividend of 0.17 per share on Thursday, December 8th. This represents a $0.68 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, November 15th.

Shares of W.R. Grace & Co. (NYSE:GRA) opened at 69.25 on Monday. The firm has a market cap of $4.85 billion, a PE ratio of 49.25 and a beta of 1.25. W.R. Grace & Co. has a 52 week low of $63.84 and a 52 week high of $101.17. The firm has a 50-day moving average of $70.12 and a 200-day moving average of $74.61.

W.R. Grace & Co. (NYSE:GRA) last released its earnings results on Wednesday, October 26th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. W.R. Grace & Co. had a net margin of 5.00% and a return on equity of 62.32%. The company had revenue of $404.50 million for the quarter, compared to the consensus estimate of $414.13 million. During the same quarter in the previous year, the company earned $0.54 EPS. W.R. Grace & Co.’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts expect that W.R. Grace & Co. will post $3.08 EPS for the current year.

GRA has been the topic of a number of research reports. Robert W. Baird reiterated a “neutral” rating and set a $76.00 target price on shares of W.R. Grace & Co. in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of W.R. Grace & Co. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. TheStreet upgraded shares of W.R. Grace & Co. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Seaport Global Securities initiated coverage on shares of W.R. Grace & Co. in a research note on Tuesday, September 13th. They set a “neutral” rating and a $81.00 price target for the company. Finally, Jefferies Group restated a “buy” rating and set a $80.00 price target (down previously from $89.00) on shares of W.R. Grace & Co. in a research note on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. W.R. Grace & Co. currently has a consensus rating of “Hold” and an average price target of $84.00.

In related news, Chairman Alfred E. Festa sold 80,561 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $68.27, for a total transaction of $5,499,899.47. Following the completion of the transaction, the chairman now owns 311,844 shares in the company, valued at $21,289,589.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its position in W.R. Grace & Co. by 7.5% in the second quarter. Prudential Financial Inc. now owns 5,023 shares of the company’s stock valued at $368,000 after buying an additional 350 shares during the last quarter. BlackRock Investment Management LLC raised its position in W.R. Grace & Co. by 11.0% in the second quarter. BlackRock Investment Management LLC now owns 38,479 shares of the company’s stock valued at $2,817,000 after buying an additional 3,804 shares during the last quarter. BlackRock Inc. raised its position in W.R. Grace & Co. by 25.3% in the second quarter. BlackRock Inc. now owns 74,011 shares of the company’s stock valued at $5,419,000 after buying an additional 14,953 shares during the last quarter. BlackRock Fund Advisors raised its position in W.R. Grace & Co. by 5.9% in the second quarter. BlackRock Fund Advisors now owns 730,802 shares of the company’s stock valued at $53,502,000 after buying an additional 40,499 shares during the last quarter. Finally, BlackRock Group LTD raised its position in W.R. Grace & Co. by 11.0% in the second quarter. BlackRock Group LTD now owns 256,414 shares of the company’s stock valued at $18,771,000 after buying an additional 25,335 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

About W.R. Grace & Co.

W.R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in three segments: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. Its Grace Catalysts Technologies segment produces and sells catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications, including Fluid catalytic cracking catalysts, Hydroprocessing catalysts, and Polyolefin catalysts and catalyst supports.

5 Day Chart for NYSE:GRA

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