Graco (GGG) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Graco in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" GGG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GGG, but not buy additional shares or sell existing shares.
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5 brokerages have issued 12-month price targets for Graco's stock. Their GGG share price forecasts range from $70.00 to $89.00. On average, they expect the company's stock price to reach $79.25 in the next twelve months. This suggests that the stock has a possible downside of 3.9%.
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Graco's stock was trading at $67.26 at the start of the year. Since then, GGG shares have increased by 22.6% and is now trading at $82.46.
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Graco saw a decrease in short interest in May. As of May 15th, there was short interest totaling 2,420,000 shares, a decrease of 18.8% from the April 30th total of 2,980,000 shares. Based on an average daily trading volume, of 977,900 shares, the short-interest ratio is presently 2.5 days. Approximately 1.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our GGG earnings forecast.

Graco Inc. (NYSE:GGG) released its quarterly earnings results on Wednesday, April, 26th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.13. The industrial products company earned $529.65 million during the quarter, compared to the consensus estimate of $501.87 million. Graco had a trailing twelve-month return on equity of 26.12% and a net margin of 22.44%. Graco's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS.

Graco announced a quarterly dividend on Friday, February 17th. Shareholders of record on Monday, April 17th will be given a dividend of $0.235 per share on Wednesday, May 3rd. This represents a $0.94 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, April 14th.
Read our dividend analysis for GGG.

ETFs with the largest weight of Graco (NYSE:GGG) stock in their portfolio include FMC Excelsior Focus Equity ETF (FMCX), VictoryShares THB Mid Cap ESG ETF (MDCP), Formidable Fortress ETF (KONG), American CenturyFocused Dynamic Growth ETF (FDG), Adasina Social Justice All Cap Global ETF (JSTC), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and Invesco S&P MidCap Quality ETF (XMHQ).

Graco (NYSE:GGG) pays an annual dividend of $0.94 per share and currently has a dividend yield of 1.19%. The company has been increasing its dividend for 25 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 33.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGG will have a dividend payout ratio of 29.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GGG.

Shares of Graco split on the morning of Thursday, December 28th 2017. The 3-1 split was announced on Friday, December 8th 2017. The newly minted shares were payable to shareholders after the closing bell on Wednesday, December 27th 2017. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

85 employees have rated Graco Chief Executive Officer Patrick J. McHale on Glassdoor.com. Patrick J. McHale has an approval rating of 93% among the company's employees. This puts Patrick J. McHale in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Graco investors own include AbbVie (ABBV), Pfizer (PFE), Cisco Systems (CSCO), Procter & Gamble (PG), Archer-Daniels-Midland (ADM), Applied Materials (AMAT), Alibaba Group (BABA), Eastman Chemical (EMN), Kellogg (K) and NVIDIA (NVDA).

Graco trades on the New York Stock Exchange (NYSE) under the ticker symbol "GGG."

Graco's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.02%), Fiera Capital Corp (5.45%), State Street Corp (4.53%), Kayne Anderson Rudnick Investment Management LLC (3.49%), Brown Brothers Harriman & Co. (1.86%) and Geode Capital Management LLC (1.66%). Insiders that own company stock include Angela F Wordell, Brian J Zumbolo, Caroline M Chambers, Christian E Rothe, Claudio Merengo, Dale D Johnson, David M Ahlers, David M Lowe, Eric Etchart, J Kevin Gilligan, Jack W Eugster, Jeffrey P Johnson, Karen Park Gallivan, Lee R Mitau, Mark W Sheahan, Martha A M Morfitt, Patrick J Mchale, Sant R William Van, Sant R William Van, Timothy R White and Timothy R White.
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Shares of GGG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GGG stock can currently be purchased for approximately $82.46.

Graco (NYSE:GGG) has a market capitalization of $13.88 billion and generates $2.14 billion in revenue each year. The industrial products company earns $460.64 million in net income (profit) each year or $2.84 on an earnings per share basis.

The company employs 4,000 workers across the globe.

Graco's mailing address is 88 - 11TH AVENUE N.E., MINNEAPOLIS MN, 55413. The official website for the company is www.graco.com. The industrial products company can be reached via phone at (612) 623-6000, via email at msheahan@graco.com, or via fax at 651-450-4033.