Shares of Graco Inc. (NYSE:GGG – Get Free Report) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $95.00.
Several research analysts recently weighed in on GGG shares. DA Davidson reaffirmed a “neutral” rating and issued a $85.00 target price on shares of Graco in a research report on Monday, July 27th. Royal Bank Of Canada upped their price target on Graco from $92.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Wolfe Research downgraded Graco from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Weiss Ratings raised Graco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Finally, Robert W. Baird set a $94.00 target price on Graco in a report on Friday, July 24th.
Get Our Latest Stock Analysis on Graco
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Graco Stock Performance
Shares of GGG stock opened at $76.31 on Thursday. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 2.41 and a beta of 0.92. Graco has a one year low of $72.51 and a one year high of $95.69. The company has a 50 day moving average price of $78.64 and a 200 day moving average price of $80.03.
Graco (NYSE:GGG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. Graco had a net margin of 23.53% and a return on equity of 19.54%. The company had revenue of $590.55 million for the quarter, compared to analyst estimates of $608.06 million. During the same quarter last year, the business earned $0.75 EPS. Graco’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Graco will post 3.19 EPS for the current fiscal year.
Graco Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Monday, October 19th will be paid a dividend of $0.295 per share. The ex-dividend date is Monday, October 19th. This represents a $1.18 annualized dividend and a yield of 1.5%. Graco’s dividend payout ratio is 37.11%.
About Graco
Graco Inc is a manufacturer of equipment used to manage, measure, control and apply fluids and coatings. Its products include pumps, valves, meters, regulators, dispensing systems, spray equipment and automated lubrication systems used in manufacturing, construction, vehicle service and other industrial applications.
The company serves a range of end markets through businesses focused on contractor equipment, industrial systems and process equipment. Its offerings support applications such as painting and protective coatings, sealant and adhesive dispensing, lubrication, fluid transfer, water and wastewater treatment, and the handling of chemicals and other materials.
Founded in Minneapolis in 1926, Graco traces its origins to equipment developed for dispensing automotive grease.
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