Graco Stock Price, News & Analysis (NYSE:GGG)

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 equities research analysts have issued twelve-month price targets for Graco's shares. Their GGG share price targets range from $73.00 to $91.00. On average, they expect the company's stock price to reach $80.50 in the next year. This suggests that the stock has a possible downside of 1.3%.
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Graco's stock was trading at $67.26 at the beginning of the year. Since then, GGG shares have increased by 21.3% and is now trading at $81.57.
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Graco saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 1,600,000 shares, a decline of 7.0% from the October 31st total of 1,720,000 shares. Based on an average trading volume of 676,600 shares, the short-interest ratio is presently 2.4 days. Currently, 1.0% of the company's stock are sold short.
View Graco's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our GGG earnings forecast.

Graco Inc. (NYSE:GGG) issued its quarterly earnings data on Wednesday, October, 25th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.03. The industrial products company earned $539.70 million during the quarter, compared to the consensus estimate of $557.12 million. Graco had a trailing twelve-month return on equity of 25.08% and a net margin of 23.93%. The firm's revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS.

Graco announced a quarterly dividend on Friday, December 1st. Shareholders of record on Monday, January 22nd will be given a dividend of $0.255 per share on Wednesday, February 7th. This represents a $1.02 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, January 19th. This is an increase from the stock's previous quarterly dividend of $0.24.
Read our dividend analysis for GGG.

Graco (NYSE:GGG) pays an annual dividend of $0.94 per share and currently has a dividend yield of 1.15%. The company has been increasing its dividend for 26 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGG will have a dividend payout ratio of 29.65% next year. This indicates that the company will be able to sustain or increase its dividend.
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), Formidable Fortress ETF (KONG), VictoryShares THB Mid Cap ESG ETF (MDCP), Mohr Growth ETF (MOHR), American Century Focused Dynamic Growth ETF (FDG), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM) and Profound Medical (PRN).

Graco shares 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 market closes 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), Kellanova (K) and NVIDIA (NVDA).

Graco's stock is owned by many different retail and institutional investors. Top institutional shareholders include Fiera Capital Corp (4.70%), Kayne Anderson Rudnick Investment Management LLC (3.38%), Morgan Stanley (2.24%), PineStone Asset Management Inc. (1.55%), Wellington Management Group LLP (1.36%) and Bank of New York Mellon Corp (1.33%). Insiders that own company stock include Angela F Wordell, Caroline M Chambers, Christian E Rothe, Claudio Merengo, Dale D Johnson, David M Ahlers, David M Lowe, Eric Etchart, J Kevin Gilligan, Jeffrey P Johnson, Kathryn L Schoenrock, Lee R Mitau, Mark W Sheahan, 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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