Graco (GGG) Stock Forecast, Price & News

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.
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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.
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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.
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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.

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

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.

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.

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 CenturyFocused Dynamic Growth ETF (FDG), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM) and Invesco Dorsey Wright Industrials Momentum ETF (PRN).

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.

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.

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 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.
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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 $72.56.

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.

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.