Press coverage about Graco (NYSE:GGG) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Graco earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 96 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Burgundy Asset Management Ltd. Decreases Its Holdings in Graco Inc. (GGG) Stock Last Quarter (highlightpress.com)
- ETFs with exposure to Graco, Inc. : August 11, 2017 (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Graco Inc. (finance.yahoo.com)
- Graco Inc. (NYSE:GGG) Expected to Post Quarterly Sales of $355.12 Million (americanbankingnews.com)
- Ampco-Pittsburgh Corporation (AP) versus Graco (GGG) Head-To-Head Analysis (americanbankingnews.com)
Several research firms have issued reports on GGG. Wolfe Research reaffirmed a “market perform” rating on shares of Graco in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Graco from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating on shares of Graco in a research report on Friday, July 28th. BidaskClub cut shares of Graco from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Finally, FBR & Co restated a “marketperform” rating on shares of Graco in a research report on Tuesday, July 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Graco has a consensus rating of “Hold” and a consensus target price of $106.20.
Shares of Graco (NYSE:GGG) traded up 0.17% on Friday, hitting $112.66. 194,625 shares of the company were exchanged. Graco has a 52-week low of $69.33 and a 52-week high of $116.75. The company has a 50-day moving average price of $110.78 and a 200 day moving average price of $102.35. The firm has a market cap of $6.31 billion, a P/E ratio of 71.48 and a beta of 1.25.
Graco (NYSE:GGG) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.32. The business had revenue of $379.50 million during the quarter, compared to analyst estimates of $369.36 million. Graco had a return on equity of 52.55% and a net margin of 21.04%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. Analysts predict that Graco will post $4.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Monday, July 17th were issued a $0.36 dividend. The ex-dividend date was Thursday, July 13th. This represents a $1.44 annualized dividend and a yield of 1.28%. Graco’s dividend payout ratio (DPR) is currently 92.90%.
In other Graco news, Director Eric Etchart sold 793 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $113.90, for a total value of $90,322.70. Following the transaction, the director now owns 11,224 shares of the company’s stock, valued at $1,278,413.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Karen Park Gallivan sold 12,242 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $115.00, for a total value of $1,407,830.00. Following the transaction, the vice president now directly owns 27,264 shares in the company, valued at approximately $3,135,360. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,021 shares of company stock valued at $6,484,484. Corporate insiders own 5.70% of the company’s stock.
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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. 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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