Analysts expect that Graco Inc. (NYSE:GGG) will report sales of $391.82 million for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Graco’s earnings. The lowest sales estimate is $388.50 million and the highest is $394.00 million. Graco posted sales of $406.44 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.6%. The company is expected to announce its next quarterly earnings report on Monday, January 27th.

According to Zacks, analysts expect that Graco will report full-year sales of $1.63 billion for the current fiscal year, with estimates ranging from $1.62 billion to $1.63 billion. For the next year, analysts forecast that the company will report sales of $1.64 billion, with estimates ranging from $1.57 billion to $1.67 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Graco.

Graco (NYSE:GGG) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.06). The company had revenue of $400.60 million for the quarter, compared to analysts’ expectations of $418.93 million. Graco had a net margin of 20.29% and a return on equity of 36.17%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 earnings per share.

GGG has been the topic of a number of recent research reports. ValuEngine lowered Graco from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Robert W. Baird set a $50.00 price objective on Graco and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada set a $46.00 price objective on Graco and gave the stock a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Graco has an average rating of “Hold” and a consensus target price of $47.75.

NYSE GGG opened at $47.80 on Monday. The stock’s fifty day moving average is $45.87 and its two-hundred day moving average is $47.74. The firm has a market capitalization of $7.87 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 2.27 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.68 and a current ratio of 2.69. Graco has a fifty-two week low of $38.59 and a fifty-two week high of $53.91.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, October 18th. Graco’s dividend payout ratio (DPR) is presently 34.04%.

In other news, EVP Caroline M. Chambers sold 20,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $46.39, for a total value of $927,800.00. Following the transaction, the executive vice president now owns 42,497 shares of the company’s stock, valued at approximately $1,971,435.83. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William J. Carroll sold 6,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $46.53, for a total value of $279,180.00. Following the completion of the transaction, the director now directly owns 49,984 shares in the company, valued at approximately $2,325,755.52. The disclosure for this sale can be found here. Corporate insiders own 4.23% of the company’s stock.

Several institutional investors have recently made changes to their positions in GGG. CSat Investment Advisory L.P. purchased a new stake in shares of Graco in the 2nd quarter valued at $25,000. Krane Funds Advisors LLC purchased a new stake in shares of Graco in the 2nd quarter valued at $25,000. Executive Wealth Management LLC raised its holdings in shares of Graco by 167.3% in the 3rd quarter. Executive Wealth Management LLC now owns 671 shares of the industrial products company’s stock valued at $30,000 after buying an additional 420 shares during the period. Northwest Investment Counselors LLC purchased a new stake in shares of Graco in the 3rd quarter valued at $35,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Graco in the 2nd quarter valued at $40,000. 84.11% of the stock is currently owned by institutional investors and hedge funds.

Graco Company Profile

Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.

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Earnings History and Estimates for Graco (NYSE:GGG)

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