Graco (GGG) Hits New 52-Week Low at $45.41

Graco Inc. (NYSE:GGG)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $45.41 and last traded at $135.50, with a volume of 119400 shares traded. The stock had previously closed at $134.46.

A number of equities research analysts have weighed in on the stock. SunTrust Banks reiterated a “hold” rating and set a $42.67 price target on shares of Graco in a research report on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and set a $45.00 price target on shares of Graco in a research report on Friday, October 27th. FBR & Co set a $46.67 price target on shares of Graco and gave the company a “hold” rating in a research report on Thursday, October 26th. KeyCorp reiterated a “hold” rating on shares of Graco in a research report on Friday, October 20th. Finally, B. Riley reiterated a “hold” rating and set a $46.67 price target on shares of Graco in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $40.07.

The stock has a market capitalization of $7,550.00, a PE ratio of 72.85, a price-to-earnings-growth ratio of 2.94 and a beta of 1.23. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.31.

Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $379.81 million during the quarter, compared to analysts’ expectations of $356.30 million. Graco had a net margin of 7.72% and a return on equity of 42.05%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. sell-side analysts predict that Graco Inc. will post 4.36 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Monday, January 22nd will be issued a $0.3975 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.59 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Graco’s previous quarterly dividend of $0.36. Graco’s payout ratio is 77.42%.

In other Graco news, insider Daniel Stolyarov sold 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $0.11, for a total transaction of $55,000.00. Also, CFO Christian E. Rothe sold 12,750 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $132.01, for a total transaction of $1,683,127.50. Following the transaction, the chief financial officer now owns 16,905 shares of the company’s stock, valued at approximately $2,231,629.05. The disclosure for this sale can be found here. Insiders sold 708,511 shares of company stock valued at $17,080,399 in the last 90 days. Company insiders own 5.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Graco by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,991,585 shares of the industrial products company’s stock worth $545,481,000 after buying an additional 104,725 shares during the last quarter. BlackRock Inc. raised its position in Graco by 1.0% in the 2nd quarter. BlackRock Inc. now owns 4,414,343 shares of the industrial products company’s stock valued at $482,397,000 after purchasing an additional 43,669 shares during the last quarter. Fiera Capital Corp raised its position in Graco by 7.3% in the 2nd quarter. Fiera Capital Corp now owns 3,021,561 shares of the industrial products company’s stock valued at $330,196,000 after purchasing an additional 206,130 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Graco by 6.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 655,299 shares of the industrial products company’s stock valued at $81,054,000 after purchasing an additional 40,284 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Graco by 5.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 626,628 shares of the industrial products company’s stock valued at $77,514,000 after purchasing an additional 30,413 shares during the last quarter. Institutional investors own 86.24% of the company’s stock.

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About Graco

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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