What is DA Davidson's Forecast for Graco FY2025 Earnings?

Graco Inc. (NYSE:GGG - Free Report) - Analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for Graco in a report issued on Monday, April 28th. DA Davidson analyst M. Summerville now anticipates that the industrial products company will post earnings of $3.00 per share for the year, up from their previous forecast of $2.97. The consensus estimate for Graco's current full-year earnings is $3.06 per share.

Separately, Royal Bank of Canada increased their price objective on shares of Graco from $93.00 to $97.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $93.00.

Graco Stock Up 2.0 %

Shares of NYSE:GGG traded up $1.62 on Wednesday, reaching $83.30. 518,061 shares of the company's stock were exchanged, compared to its average volume of 816,174. The business's 50-day moving average is $81.87 and its two-hundred day moving average is $84.53. Graco has a fifty-two week low of $72.06 and a fifty-two week high of $92.86. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.85 and a beta of 0.92.

Graco (NYSE:GGG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. The business had revenue of $528.28 million for the quarter, compared to analyst estimates of $526.98 million. Graco had a return on equity of 19.38% and a net margin of 23.00%. The business's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SkyView Investment Advisors LLC raised its holdings in shares of Graco by 2.9% during the third quarter. SkyView Investment Advisors LLC now owns 11,183 shares of the industrial products company's stock valued at $979,000 after buying an additional 320 shares during the last quarter. Tidal Investments LLC boosted its position in Graco by 0.9% during the 3rd quarter. Tidal Investments LLC now owns 47,435 shares of the industrial products company's stock worth $4,151,000 after acquiring an additional 401 shares during the period. Franklin Resources Inc. grew its stake in shares of Graco by 37.2% in the third quarter. Franklin Resources Inc. now owns 119,708 shares of the industrial products company's stock worth $10,413,000 after purchasing an additional 32,475 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Graco during the third quarter valued at $2,668,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Graco by 244.4% during the third quarter. Principal Financial Group Inc. now owns 1,990,742 shares of the industrial products company's stock valued at $174,210,000 after purchasing an additional 1,412,704 shares during the period. 93.88% of the stock is owned by institutional investors and hedge funds.

Graco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.32%. Graco's dividend payout ratio (DPR) is presently 38.87%.

Graco Company Profile

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.