Wall Street brokerages predict that Graco Inc. (NYSE:GGG) will announce sales of $366.99 million for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Graco’s earnings, with estimates ranging from $360.04 million to $374.90 million. Graco reported sales of $349.06 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The business is expected to report its next quarterly earnings results after the market closes on Monday, January 29th.

According to Zacks, analysts expect that Graco will report full year sales of $366.99 million for the current fiscal year, with estimates ranging from $1.46 billion to $1.48 billion. For the next fiscal year, analysts expect that the company will post sales of $1.55 billion per share, with estimates ranging from $1.53 billion to $1.57 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Graco.

Graco (NYSE:GGG) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $356.30 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year.

A number of brokerages have issued reports on GGG. Royal Bank of Canada reiterated a “hold” rating and set a $49.00 price target on shares of Graco in a research report on Thursday, January 4th. Oppenheimer reissued a “hold” rating on shares of Graco in a research note on Thursday, December 28th. FBR & Co set a $46.67 price objective on Graco and gave the company a “hold” rating in a research note on Thursday, October 26th. SunTrust Banks reaffirmed a “hold” rating and issued a $42.67 price objective on shares of Graco in a research note on Friday, October 27th. Finally, Zacks Investment Research downgraded Graco from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Thirteen research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $41.67.

In other Graco news, VP Mark W. Sheahan sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now owns 49,538 shares in the company, valued at $6,504,834.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lee R. Mitau sold 8,600 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $131.18, for a total transaction of $1,128,148.00. Following the completion of the sale, the director now owns 67,404 shares in the company, valued at approximately $8,842,056.72. The disclosure for this sale can be found here. Insiders have sold 681,252 shares of company stock worth $18,239,770 in the last ninety days. Corporate insiders own 5.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of GGG. Vanguard Group Inc. boosted its position in Graco by 2.1% in the second quarter. Vanguard Group Inc. now owns 4,991,585 shares of the industrial products company’s stock valued at $545,481,000 after buying an additional 104,725 shares in the last quarter. BlackRock Inc. lifted its holdings in Graco by 1.0% in the 2nd quarter. BlackRock Inc. now owns 4,414,343 shares of the industrial products company’s stock worth $482,397,000 after purchasing an additional 43,669 shares in the last quarter. Confluence Investment Management LLC lifted its holdings in Graco by 195.2% in the 4th quarter. Confluence Investment Management LLC now owns 2,347,351 shares of the industrial products company’s stock worth $106,147,000 after purchasing an additional 1,552,175 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Graco by 207.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 952,411 shares of the industrial products company’s stock worth $43,069,000 after purchasing an additional 642,322 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings 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 worth $81,054,000 after purchasing an additional 40,284 shares in the last quarter. Hedge funds and other institutional investors own 29.92% of the company’s stock.

Shares of Graco (GGG) traded up $0.86 during mid-day trading on Monday, hitting $47.92. The stock had a trading volume of 531,000 shares, compared to its average volume of 676,985. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $8,069.25, a price-to-earnings ratio of 75.66, a PEG ratio of 2.86 and a beta of 1.23. Graco has a fifty-two week low of $28.60 and a fifty-two week high of $47.98.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Monday, January 22nd will be paid a dividend of $0.3975 per share. The ex-dividend date is Friday, January 19th. This is an increase from Graco’s previous quarterly dividend of $0.36. This represents a $1.59 annualized dividend and a dividend yield of 3.32%. Graco’s dividend payout ratio (DPR) is currently 75.79%.

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Graco Company Profile

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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Earnings History and Estimates for Graco (NYSE:GGG)

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