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NYSE:GGG

Graco (GGG) Stock Forecast, Price & News

$72.05
-1.76 (-2.38%)
(As of 09/26/2023 ET)
Compare
Today's Range
$72.05
$73.53
50-Day Range
$72.05
$87.43
52-Week Range
$58.17
$87.94
Volume
644,306 shs
Average Volume
854,123 shs
Market Capitalization
$12.18 billion
P/E Ratio
24.51
Dividend Yield
1.30%
Price Target
$83.00

Graco MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
15.1% Upside
$83.00 Price Target
Short Interest
Healthy
0.93% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.18
Upright™ Environmental Score
News Sentiment
1.09mentions of Graco in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$2.86 M Sold Last Quarter
Proj. Earnings Growth
5.35%
From $2.99 to $3.15 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.75 out of 5 stars

Industrial Products Sector

37th out of 176 stocks

Pumps & Pumping Equipment Industry

3rd out of 8 stocks


GGG stock logo

About Graco (NYSE:GGG) Stock

Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; equipment that pumps, meters, mixes and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems and applicators, and precision dispensing solutions. It also provides liquid finishing equipment; paint circulating and supply pumps; paint circulating advanced control systems; plural component coating proportioners; spare parts and accessories; and powder finishing products to coat powder finishing on metals under the Gema and SAT brands. The company's Process segment offers pumps to move and dispense chemicals, water, wastewater, petroleum, food, lubricants, and other fluids; pressure valves used in the oil and natural gas industry, other industrial processes, and research facilities; and chemical injection pumping solutions for injection of chemicals into producing oil wells and pipelines. It also supplies pumps, hose reels, meters, valves, and accessories for fast oil change facilities, service garages, fleet service centers, automobile dealerships, auto parts stores, truck builders, and heavy equipment service centers; and systems, components, and accessories for the automatic lubrication of bearings, gears, and generators in industrial and commercial equipment, compressors, turbines, and on- and off-road vehicles. The company's Contractor segment offers sprayers to apply paint to walls and other structures; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. It sells its products through distributors, original equipment manufacturers, and home center channels; and directly to end-users. The company was incorporated in 1926 and is headquartered in Minneapolis, Minnesota.

GGG Price History

GGG Stock News Headlines

Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Short Interest in Graco Inc. (NYSE:GGG) Declines By 12.4%
Graco Inc. (NYSE:GGG) Director Sells $2,317,719.60 in Stock
Graco Stock To Go Ex-dividend Tomorrow (GGG)
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Graco Inc (GA8.MU)
Graco: Hold Thesis Unchanged
Graco: The Market's As Impressed As Me
Graco: A Good Long-Term Bet
What Does Graco Inc.'s (NYSE:GGG) Share Price Indicate?
Should You Hold Graco (GGG)?
Graco (GGG) Gets a Hold from Oppenheimer
Why Graco Stock Is Falling Today
Oppenheimer Keeps Their Hold Rating on Graco (GGG)
Graco's Earnings: A Preview
See More Headlines
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GGG Company Calendar

Ex-Dividend for 8/2 Dividend
7/14/2023
Last Earnings
7/26/2023
Dividend Payable
8/02/2023
Today
9/26/2023
Ex-Dividend for 11/1 Dividend
10/13/2023
Next Earnings (Estimated)
10/25/2023
Dividend Payable
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
38410910
Employees
4,000
Year Founded
1926

Price Target and Rating

Average Stock Price Forecast
$83.00
High Stock Price Forecast
$91.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
+14.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$460.64 million
Pretax Margin
28.01%

Debt

Sales & Book Value

Annual Sales
$2.14 billion
Cash Flow
$3.08 per share
Book Value
$11.08 per share

Miscellaneous

Free Float
163,957,000
Market Cap
$12.26 billion
Optionable
Optionable
Beta
0.81

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Key Executives

  • Mr. Mark W. SheahanMr. Mark W. Sheahan (Age 59)
    Pres, CEO & Director
    Comp: $1.73M
  • Mr. David M. LoweMr. David M. Lowe (Age 66)
    CFO & Treasurer
    Comp: $703.35k
  • Mr. Dale D. JohnsonMr. Dale D. Johnson (Age 69)
    Pres of Worldwide Contractor Equipment Division
    Comp: $766.33k
  • Mr. Jeffrey P. JohnsonMr. Jeffrey P. Johnson (Age 63)
    Pres of Electric Motor Division
    Comp: $679.15k
  • Mr. Christian E. RotheMr. Christian E. Rothe (Age 49)
    Pres of Worldwide Industrial Division
    Comp: $898.11k
  • Ms. Angela F. WordellMs. Angela F. Wordell (Age 51)
    Exec. VP of Operations
  • Mr. Christopher D. Knutson (Age 45)
    Exec. VP, Corp. Controller & Principal Accounting Officer
  • Ms. Kathryn L. Schoenrock (Age 45)
    Exec. VP & CTO
  • Mr. Joseph J. Humke (Age 52)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. Inge Grasdal (Age 52)
    Exec. VP of Corp. Devel.













GGG Stock - Frequently Asked Questions

Should I buy or sell Graco stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Graco in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GGG shares.
View GGG analyst ratings
or view top-rated stocks.

What is Graco's stock price forecast for 2023?

4 brokerages have issued 12 month target prices for Graco's stock. Their GGG share price forecasts range from $75.00 to $91.00. On average, they expect the company's share price to reach $83.00 in the next year. This suggests a possible upside of 14.4% from the stock's current price.
View analysts price targets for GGG
or view top-rated stocks among Wall Street analysts.

How have GGG shares performed in 2023?

Graco's stock was trading at $67.26 on January 1st, 2023. Since then, GGG stock has increased by 7.9% and is now trading at $72.56.
View the best growth stocks for 2023 here
.

Are investors shorting Graco?

Graco saw a decline in short interest in August. As of August 31st, there was short interest totaling 1,550,000 shares, a decline of 12.4% from the August 15th total of 1,770,000 shares. Based on an average daily trading volume, of 698,700 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.9% of the company's stock are sold short.
View Graco's Short Interest
.

When is Graco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our GGG earnings forecast
.

How were Graco's earnings last quarter?

Graco Inc. (NYSE:GGG) announced its quarterly earnings results on Wednesday, July, 26th. The industrial products company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by $0.03. The industrial products company had revenue of $559.60 million for the quarter, compared to the consensus estimate of $576.14 million. Graco had a net margin of 23.10% and a trailing twelve-month return on equity of 25.52%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS.

How often does Graco pay dividends? What is the dividend yield for Graco?

Graco announced a quarterly dividend on Friday, September 15th. Shareholders of record on Monday, October 16th will be paid a dividend of $0.235 per share on Wednesday, November 1st. This represents a $0.94 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, October 13th.
Read our dividend analysis for GGG
.

Is Graco a good dividend stock?

Graco (NYSE:GGG) pays an annual dividend of $0.94 per share and currently has a dividend yield of 1.28%. 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 31.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGG will have a dividend payout ratio of 29.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GGG.

When did Graco's stock split?

Shares of Graco split before market open on Thursday, December 28th 2017. The 3-1 split was announced on Friday, December 8th 2017. The newly issued shares were issued 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.

What is Patrick J. McHale's approval rating as Graco's CEO?

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.

What other stocks do shareholders of Graco own?

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).

What is Graco's stock symbol?

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

Who are Graco's major shareholders?

Graco's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.01%), Fiera Capital Corp (5.10%), State Street Corp (4.30%), Kayne Anderson Rudnick Investment Management LLC (3.38%), Geode Capital Management LLC (1.76%) and Brown Brothers Harriman & Co. (1.46%). 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, Jeffrey P Johnson, Karen Park Gallivan, Lee R Mitau, Mark W Sheahan, Patrick J Mchale, Sant R William Van, Sant R William Van, Timothy R White and Timothy R White.
View institutional ownership trends
.

How do I buy shares of Graco?

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.
Compare Top Brokerages Here.

What is Graco's stock price today?

One share of GGG stock can currently be purchased for approximately $72.56.

How much money does Graco make?

Graco (NYSE:GGG) has a market capitalization of $12.26 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 $2.94 on an earnings per share basis.

How many employees does Graco have?

The company employs 4,000 workers across the globe.

Does Graco have any subsidiaries?
The following companies are subsidiares of Graco: ASM Company Inc., Alco Valves Group, Ecoquip Inc., Electric Torque Machines Inc, GFEC Free Zone Uruguay S.A., GFEC Uruguay S.A., GG Manufacturing s.r.l., Gema (Shanghai) Co. Ltd., Gema Europe s.r.l., Gema México Powder Finishing S. de R.L. de C.V., Gema Switzerland GmbH, Gema USA Inc., GeoBlaster Equipment Sales & Services Inc., Geotechnical Instruments (U.K.) Limited, GlasCraft Inc., Graco Australia Pty Ltd, Graco BV, Graco Canada Inc., Graco Chile SpA, Graco Colombia S.A.S., Graco Distribution BV, Graco Finance Hong Kong Limited, Graco Fluid Equipment (Shanghai) Co. Ltd., Graco Fluid Equipment (Suzhou) Co. Ltd., Graco Fluid Handling (D) Inc., Graco Fluid Handling (H) Inc., Graco Fluid Handling (I) Inc., Graco Global Holdings, Graco GmbH, Graco High Pressure Equipment Inc., Graco Hong Kong Limited, Graco India Private Limited, Graco International Holdings, Graco K.K., Graco Korea Inc., Graco Limited, Graco Malaysia Sdn. Bhd., Graco Minnesota Inc., Graco Ohio Inc., Graco S.A.S., Graco Serviços e Importação de Máquinas e Equipamentos em Geral Ltda., Graco Solutions Inc., Graco Trading (Shanghai) Co. Ltd., Gusmer Europe S.L., Illinois Tool Works Inc. finishing businesses, Landtec North America Inc., Liquid Control Corporation, Lubriquip Inc., Multimaq-Pistolas e Equipamentos Para Pintura Ltda., Q.E.D. Environmental Systems Inc., Q.E.D. Environmental Systems Limited, SAT (Surface Aluminium Technologies) S.r.l., Smith Manufacturing, Smith Surface Preparation Systems Inc., Staffordshire Hydraulic Services Limited, and White Knight Fluid Handling Inc..
Read More
How can I contact Graco?

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.

This page (NYSE:GGG) was last updated on 9/26/2023 by MarketBeat.com Staff

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