Graco Inc. (GGG) Given Average Rating of “Hold” by Analysts
Shares of Graco Inc. (NYSE:GGG) have earned an average rating of “Hold” from the ten brokerages that are covering the firm. Nine investment analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $82.71.
A number of analysts have commented on the company. Zacks Investment Research raised Graco from a “sell” rating to a “hold” rating in a report on Friday, October 21st. Deutsche Bank AG initiated coverage on Graco in a report on Tuesday, September 6th. They issued a “hold” rating and a $83.00 target price for the company.
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Graco (NYSE:GGG) opened at 82.96 on Tuesday. The firm has a market capitalization of $4.62 billion, a PE ratio of 23.77 and a beta of 1.29. The firm has a 50-day moving average price of $76.26 and a 200 day moving average price of $76.60. Graco has a one year low of $63.05 and a one year high of $86.62.
Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm earned $327.20 million during the quarter, compared to analyst estimates of $331.66 million. Graco had a return on equity of 29.75% and a net margin of 15.20%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. Analysts anticipate that Graco will post $3.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 2nd. Shareholders of record on Monday, October 17th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, October 13th. Graco’s dividend payout ratio (DPR) is 37.93%.
In other Graco news, insider Patrick J. Mchale sold 11,500 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $74.19, for a total transaction of $853,185.00. Following the completion of the transaction, the insider now directly owns 142,230 shares of the company’s stock, valued at $10,552,043.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William J. Carroll sold 3,600 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $81.37, for a total value of $292,932.00. Following the transaction, the director now directly owns 25,703 shares of the company’s stock, valued at $2,091,453.11. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in GGG. Park National Corp OH increased its stake in Graco by 0.4% in the second quarter. Park National Corp OH now owns 2,733 shares of the company’s stock valued at $216,000 after buying an additional 11 shares in the last quarter. Financial Engines Advisors L.L.C. increased its stake in Graco by 0.3% in the third quarter. Financial Engines Advisors L.L.C. now owns 5,546 shares of the company’s stock valued at $410,000 after buying an additional 18 shares in the last quarter. Raymond James Trust N.A. increased its stake in Graco by 0.7% in the third quarter. Raymond James Trust N.A. now owns 2,894 shares of the company’s stock valued at $214,000 after buying an additional 19 shares in the last quarter. Hsbc Holdings PLC increased its stake in Graco by 1.4% in the second quarter. Hsbc Holdings PLC now owns 2,675 shares of the company’s stock valued at $211,000 after buying an additional 36 shares in the last quarter. Finally, Creative Planning increased its stake in Graco by 4.4% in the third quarter. Creative Planning now owns 1,413 shares of the company’s stock valued at $105,000 after buying an additional 59 shares in the last quarter. 91.42% of the stock is owned by institutional investors and hedge funds.
Graco Company Profile
Graco Inc (Graco) is a manufacturing company. The Company designs, manufactures and markets equipment to pump, meter, mix and dispense fluid and powder materials. The Company operates through three segments: Industrial, Process and Contractor. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids.
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