Zacks Research Issues Positive Forecast for Graco Earnings

Graco Inc. (NYSE:GGG - Free Report) - Equities researchers at Zacks Research lifted their Q2 2027 earnings per share estimates for shares of Graco in a note issued to investors on Tuesday, October 21st. Zacks Research analyst Team now expects that the industrial products company will post earnings per share of $0.90 for the quarter, up from their previous forecast of $0.89. The consensus estimate for Graco's current full-year earnings is $3.06 per share.

Graco (NYSE:GGG - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). Graco had a net margin of 22.26% and a return on equity of 19.05%. The company had revenue of $543.36 million for the quarter, compared to analysts' expectations of $563.07 million. During the same period last year, the company posted $0.71 EPS. The business's revenue for the quarter was up 4.7% compared to the same quarter last year.

GGG has been the topic of a number of other research reports. Robert W. Baird boosted their price objective on shares of Graco from $88.00 to $91.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Graco in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.50.

Graco Stock Down 2.7%

NYSE:GGG opened at $81.64 on Thursday. The firm has a market capitalization of $13.53 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.83 and a beta of 1.07. The company has a fifty day moving average of $84.46 and a 200 day moving average of $84.05. Graco has a 52 week low of $72.06 and a 52 week high of $92.86.

Graco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Monday, October 20th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, October 20th. Graco's dividend payout ratio is presently 39.01%.

Institutional Investors Weigh In On Graco

Several hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in Graco in the second quarter worth about $170,661,000. AQR Capital Management LLC grew its stake in shares of Graco by 116.8% in the 2nd quarter. AQR Capital Management LLC now owns 735,146 shares of the industrial products company's stock worth $63,201,000 after buying an additional 396,125 shares during the last quarter. Millennium Management LLC increased its position in Graco by 572.1% during the 1st quarter. Millennium Management LLC now owns 437,661 shares of the industrial products company's stock valued at $36,549,000 after buying an additional 372,543 shares in the last quarter. PineStone Asset Management Inc. increased its position in Graco by 9.1% during the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,372 shares of the industrial products company's stock valued at $336,261,000 after buying an additional 326,877 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Graco during the first quarter valued at $26,540,000. Institutional investors own 93.88% of the company's stock.

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.

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