Graco Inc. (NYSE:GGG) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $97.40.
Several research analysts have issued reports on GGG shares. Zacks Investment Research lowered shares of Graco from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. Royal Bank of Canada restated a “hold” rating and set a $89.00 price target on shares of Graco in a report on Tuesday, April 11th. TheStreet upgraded shares of Graco from a “c+” rating to a “b+” rating in a report on Thursday, April 27th. Finally, Deutsche Bank AG restated a “hold” rating and set a $110.00 price target (up previously from $105.00) on shares of Graco in a report on Monday, June 5th.
Shares of Graco (GGG) traded up 0.70% on Monday, reaching $112.99. 417,801 shares of the company were exchanged. The company’s 50-day moving average price is $110.61 and its 200 day moving average price is $95.05. Graco has a 12 month low of $69.33 and a 12 month high of $114.52. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 105.40 and a beta of 1.17.
Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.30. The business had revenue of $340.59 million during the quarter, compared to analyst estimates of $315.62 million. Graco had a net margin of 4.53% and a return on equity of 35.25%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS. On average, equities research analysts expect that Graco will post $4.15 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 2nd. Shareholders of record on Monday, July 17th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.27%. Graco’s payout ratio is 135.85%.
In other news, insider Elena Polyakova sold 360,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $0.12, for a total transaction of $43,200.00. Also, VP Peter J. O’shea sold 15,986 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $113.50, for a total transaction of $1,814,411.00. Following the sale, the vice president now directly owns 20,638 shares of the company’s stock, valued at approximately $2,342,413. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 689,172 shares of company stock valued at $16,070,548. Company insiders own 5.70% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Mosaic Family Wealth LLC increased its stake in shares of Graco by 13.0% in the third quarter. Mosaic Family Wealth LLC now owns 1,727 shares of the industrial products company’s stock valued at $128,000 after buying an additional 199 shares during the period. Quantum Capital Management LLC NJ increased its stake in shares of Graco by 148.4% in the third quarter. Quantum Capital Management LLC NJ now owns 214,116 shares of the industrial products company’s stock valued at $15,845,000 after buying an additional 127,912 shares during the period. Capital World Investors increased its stake in shares of Graco by 66.5% in the third quarter. Capital World Investors now owns 458,000 shares of the industrial products company’s stock valued at $33,892,000 after buying an additional 183,000 shares during the period. Clinton Group Inc. bought a new stake in shares of Graco during the third quarter valued at approximately $2,230,000. Finally, UBS Group AG increased its stake in shares of Graco by 59.0% in the third quarter. UBS Group AG now owns 84,226 shares of the industrial products company’s stock valued at $6,233,000 after buying an additional 31,240 shares during the period. 91.27% of the stock is owned by institutional investors.
Graco Company Profile
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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