Analysts Set Expectations for Graco’s Q2 Earnings (NYSE:GGG)

Graco Inc. (NYSE:GGG) – Equities researchers at Zacks Research dropped their Q2 2027 earnings per share (EPS) estimates for Graco in a research report issued to clients and investors on Tuesday, November 11th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $0.89 for the quarter, down from their previous forecast of $0.90. The consensus estimate for Graco’s current full-year earnings is $3.06 per share.

A number of other brokerages also recently commented on GGG. KeyCorp reaffirmed a “sector weight” rating on shares of Graco in a research report on Thursday, October 23rd. Robert W. Baird set a $89.00 target price on shares of Graco in a research note on Friday, October 24th. Finally, Weiss Ratings cut shares of Graco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.00.

Graco Price Performance

Shares of GGG opened at $80.07 on Thursday. The business’s 50-day moving average is $83.06 and its 200-day moving average is $84.47. The company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 2.71 and a beta of 1.08. Graco has a fifty-two week low of $72.06 and a fifty-two week high of $92.86.

Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Graco had a return on equity of 18.89% and a net margin of 22.72%.The business had revenue of $543.36 million during the quarter, compared to analysts’ expectations of $563.07 million. During the same period in the prior year, the company posted $0.71 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Root Financial Partners LLC purchased a new position in shares of Graco during the third quarter valued at approximately $29,000. NewSquare Capital LLC lifted its stake in shares of Graco by 320.7% during the 2nd quarter. NewSquare Capital LLC now owns 345 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 263 shares during the last quarter. eCIO Inc. purchased a new position in Graco during the 1st quarter valued at $32,000. Assetmark Inc. grew its position in Graco by 42.6% in the 3rd quarter. Assetmark Inc. now owns 465 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 139 shares during the last quarter. Finally, CX Institutional increased its stake in Graco by 316.7% in the third quarter. CX Institutional now owns 475 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 361 shares during the period. Institutional investors own 93.88% of the company’s stock.

Graco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Monday, October 20th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, October 20th. Graco’s payout ratio is currently 37.54%.

Graco Company Profile

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.