Shares of NYSE GGG opened at $48.24 on Thursday. The firm has a market cap of $7.80 billion, a P/E ratio of 25.66, a P/E/G ratio of 2.41 and a beta of 1.00. Graco Inc. has a 12-month low of $37.36 and a 12-month high of $48.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.47 and a current ratio of 2.41.
Graco Inc. (NYSE:GGG) insider Jeffrey P. Johnson sold 33,038 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $47.20, for a total transaction of $1,559,393.60. Following the completion of the sale, the insider now directly owns 76,475 shares in the company, valued at $3,609,620. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Graco (NYSE:GGG) last issued its earnings results on Monday, January 28th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $406.40 million for the quarter, compared to analyst estimates of $404.14 million. Graco had a net margin of 20.63% and a return on equity of 43.67%. Graco’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. Equities research analysts predict that Graco Inc. will post 2.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, April 12th. Graco’s dividend payout ratio is presently 34.04%.
A number of hedge funds and other institutional investors have recently modified their holdings of GGG. Oregon Public Employees Retirement Fund boosted its stake in Graco by 4,085.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,782,062 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 2,715,585 shares in the last quarter. Norges Bank bought a new position in shares of Graco in the fourth quarter valued at $60,813,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Graco by 16.6% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,120,002 shares of the industrial products company’s stock valued at $297,973,000 after buying an additional 1,011,052 shares in the last quarter. Capital International Investors bought a new position in shares of Graco in the third quarter valued at $19,463,000. Finally, WINTON GROUP Ltd lifted its stake in shares of Graco by 987.8% in the fourth quarter. WINTON GROUP Ltd now owns 294,207 shares of the industrial products company’s stock valued at $12,313,000 after buying an additional 267,162 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the stock. ValuEngine raised shares of Graco from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Seaport Global Securities reaffirmed a “hold” rating on shares of Graco in a research note on Wednesday, January 30th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Graco in a research note on Wednesday, January 30th. Zacks Investment Research lowered shares of Graco from a “buy” rating to a “hold” rating in a research note on Friday, February 1st. Finally, Jefferies Financial Group began coverage on shares of Graco in a research note on Friday, January 25th. They set a “hold” rating and a $46.00 target price on the stock. Eight research analysts have rated the stock with a hold rating, Graco presently has a consensus rating of “Hold” and an average target price of $46.20.
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. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.
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