Graco (GGG) Given Daily News Sentiment Score of 0.22
Press coverage about Graco (NYSE:GGG) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Graco earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.9408060011317 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Graco Introduces New King® Airless Sprayers (markets.financialcontent.com)
- Graco Inc. (GGG) Sees Large Growth in Short Interest (americanbankingnews.com)
- SunTrust Banks Equities Analysts Lift Earnings Estimates for Graco Inc. (GGG) (americanbankingnews.com)
- FY2018 EPS Estimates for Graco Inc. Increased by Analyst (GGG) (americanbankingnews.com)
Several analysts have issued reports on the company. Zacks Investment Research downgraded Graco from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. B. Riley restated a “neutral” rating on shares of Graco in a report on Wednesday, November 1st. ValuEngine downgraded Graco from a “buy” rating to a “hold” rating in a report on Friday, December 1st. KeyCorp restated a “hold” rating on shares of Graco in a report on Friday, October 20th. Finally, Royal Bank of Canada restated a “hold” rating and set a $49.00 price objective on shares of Graco in a report on Thursday, January 4th. Thirteen analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $41.67.
Graco (NYSE:GGG) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $379.81 million for the quarter, compared to the consensus estimate of $356.30 million. Graco had a return on equity of 42.05% and a net margin of 7.72%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. equities analysts predict that Graco will post 1.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Monday, January 22nd will be issued a $0.3975 dividend. This is an increase from Graco’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.59 dividend on an annualized basis and a dividend yield of 3.41%. Graco’s dividend payout ratio is currently 77.42%.
In other news, VP Charles L. Rescorla sold 47,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $129.93, for a total value of $6,106,710.00. Following the transaction, the vice president now owns 108,802 shares in the company, valued at approximately $14,136,643.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Stolyarov sold 500,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $0.11, for a total value of $55,000.00. Insiders sold a total of 734,752 shares of company stock worth $18,245,690 in the last quarter. 5.70% of the stock is owned by corporate insiders.
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Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.
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