Analysts’ Weekly Ratings Changes for Graco (GGG)

Graco (NYSE: GGG) has recently received a number of price target changes and ratings updates:

  • 1/4/2018 – Graco was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Graco Inc., together with its subsidiaries, designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. It operates through three segments: Industrial, Process, and Contractor. The Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators etc. The Process segment offers pumps that move chemicals, water, wastewater, petroleum, food, and other fluids; pressure valves used in the oil and natural gas industry, other industrial processes, and research facilities etc. The Contractor segment offers sprayers that apply paint and texture to walls, other structures, and ceilings; and highly viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. “
  • 1/4/2018 – Graco had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $49.00 price target on the stock.
  • 12/28/2017 – Graco had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 12/27/2017 – Graco was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Graco Inc., together with its subsidiaries, designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. It operates through three segments: Industrial, Process, and Contractor. The Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators etc. The Process segment offers pumps that move chemicals, water, wastewater, petroleum, food, and other fluids; pressure valves used in the oil and natural gas industry, other industrial processes, and research facilities etc. The Contractor segment offers sprayers that apply paint and texture to walls, other structures, and ceilings; and highly viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. “
  • 12/20/2017 – Graco had its “hold” rating reaffirmed by analysts at B. Riley. They now have a $46.67 price target on the stock.
  • 12/15/2017 – Graco had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $47.67 price target on the stock.
  • 12/1/2017 – Graco was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of Graco Inc. (GGG) traded down $0.32 during trading hours on Tuesday, reaching $46.60. The company had a trading volume of 636,710 shares, compared to its average volume of 707,590. Graco Inc. has a 52 week low of $28.39 and a 52 week high of $47.49. The stock has a market cap of $7,900.00, a P/E ratio of 75.16, a PEG ratio of 2.84 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.46 and a current ratio of 2.23.

Graco (NYSE:GGG) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. Graco had a return on equity of 42.05% and a net margin of 7.72%. The company had revenue of $379.81 million for the quarter, compared to the consensus estimate of $356.30 million. During the same quarter in the previous year, the business earned $0.32 EPS. Graco’s revenue was up 16.1% compared to the same quarter last year. equities research analysts anticipate that Graco Inc. will post 1.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Monday, January 22nd will be issued a dividend of $0.3975 per share. This represents a $1.59 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Friday, January 19th. This is an increase from Graco’s previous quarterly dividend of $0.36. Graco’s payout ratio is currently 77.42%.

In related news, VP Karen Park Gallivan sold 27,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $46.67, for a total transaction of $1,260,090.00. Following the transaction, the vice president now owns 72,305 shares in the company, valued at approximately $3,374,474.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Mark W. Sheahan sold 30,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $131.31, for a total value of $3,939,300.00. Following the transaction, the vice president now owns 49,538 shares in the company, valued at approximately $6,504,834.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 734,752 shares of company stock worth $18,245,690. 5.70% of the stock is owned by company insiders.

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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