Analysts expect Graco (NYSE:GGG) to post earnings per share (EPS) of $0.41 for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Graco’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.44. Graco posted earnings of $0.35 per share during the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The business is expected to issue its next earnings report after the market closes on Wednesday, April 25th.
On average, analysts expect that Graco will report full year earnings of $1.78 per share for the current financial year, with EPS estimates ranging from $1.68 to $1.92. For the next fiscal year, analysts forecast that the firm will post earnings of $1.95 per share, with EPS estimates ranging from $1.79 to $2.07. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Graco.
Graco (NYSE:GGG) last released its quarterly earnings data on Monday, January 29th. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Graco had a return on equity of 40.08% and a net margin of 17.12%. The business had revenue of $374.90 million during the quarter, compared to the consensus estimate of $369.53 million. During the same quarter in the previous year, the business posted $1.00 earnings per share. Graco’s quarterly revenue was up 7.4% compared to the same quarter last year.
Several research analysts have issued reports on GGG shares. Zacks Investment Research cut Graco from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. SunTrust Banks reissued a “hold” rating and issued a $45.00 target price on shares of Graco in a research report on Wednesday, January 31st. B. Riley raised their target price on Graco from $47.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. ValuEngine cut Graco from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, DA Davidson started coverage on Graco in a research report on Thursday, April 12th. They issued a “neutral” rating and a $48.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $47.41.
NYSE GGG traded down $0.05 during trading hours on Friday, hitting $46.91. The company’s stock had a trading volume of 642,687 shares, compared to its average volume of 592,491. Graco has a 12 month low of $31.67 and a 12 month high of $49.69. The company has a market capitalization of $7,957.01, a price-to-earnings ratio of 32.80, a PEG ratio of 2.82 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.67 and a current ratio of 2.70.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 2nd. Stockholders of record on Monday, April 16th will be given a dividend of $0.1325 per share. The ex-dividend date is Friday, April 13th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.13%. Graco’s payout ratio is currently 37.06%.
In other news, VP Caroline M. Chambers sold 9,939 shares of Graco stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.03, for a total transaction of $417,736.17. Following the transaction, the vice president now directly owns 30,615 shares of the company’s stock, valued at approximately $1,286,748.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Karen Park Gallivan sold 27,000 shares of Graco stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $48.34, for a total value of $1,305,180.00. Following the transaction, the vice president now directly owns 72,305 shares in the company, valued at $3,495,223.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,564 shares of company stock worth $2,965,505. Insiders own 5.10% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new stake in Graco during the 3rd quarter valued at approximately $223,000. Valley National Advisers Inc. raised its stake in Graco by 200.0% during the 4th quarter. Valley National Advisers Inc. now owns 2,385 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 1,590 shares during the period. Meeder Asset Management Inc. raised its stake in Graco by 53.5% during the 4th quarter. Meeder Asset Management Inc. now owns 3,174 shares of the industrial products company’s stock valued at $144,000 after purchasing an additional 1,106 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Graco by 286.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,363 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 2,493 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Graco by 23.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,603 shares of the industrial products company’s stock valued at $446,000 after purchasing an additional 687 shares during the period. 86.16% of the stock is currently owned by institutional investors.
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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 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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