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 4 hold ratings and 1 buy rating 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 brokers have issued 12-month price targets for Graco's stock. Their GGG share price forecasts range from $61.00 to $77.00. On average, they expect the company's share price to reach $69.50 in the next year. This suggests that the stock has a possible downside of 0.4%.
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Graco's stock was trading at $80.62 on January 1st, 2022. Since then, GGG stock has decreased by 13.4% and is now trading at $69.79.
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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 2,810,000 shares, a decline of 9.6% from the October 31st total of 3,110,000 shares. Based on an average trading volume of 786,300 shares, the short-interest ratio is currently 3.6 days. Approximately 1.7% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 30th 2023.
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Graco Inc. (NYSE:GGG) released its earnings results on Tuesday, October, 19th. The industrial products company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by $0.06. The industrial products company earned $486.70 million during the quarter, compared to analyst estimates of $490.27 million. Graco had a trailing twelve-month return on equity of 25.74% and a net margin of 21.37%. The business's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share.

Graco announced a quarterly dividend on Friday, September 23rd. Investors of record on Monday, October 17th will be paid a dividend of $0.21 per share on Wednesday, November 2nd. This represents a $0.84 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, October 14th.
Read our dividend analysis for GGG.

Graco (NYSE:GGG) pays an annual dividend of $0.84 per share and currently has a dividend yield of 1.20%. The company has been increasing its dividend for 24 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGG will have a dividend payout ratio of 30.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GGG.

Graco's stock 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), 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.84%), BlackRock Inc. (8.55%), Fiera Capital Corp (5.74%), Kayne Anderson Rudnick Investment Management LLC (4.30%), State Street Corp (4.02%) and WCM Investment Management LLC (3.53%). Insiders that own company stock include Angela F Wordell, Bernard J Moreau, Brian J Zumbolo, Caroline M Chambers, Christian E Rothe, 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 D Eberlein, Mark W Sheahan, Martha A M Morfitt, Patrick J Mchale, Peter J O'shea, Sant R William Van, Timothy R White, Timothy R White and William J Carroll.
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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 $69.79.

Graco (NYSE:GGG) has a market capitalization of $11.76 billion and generates $1.99 billion in revenue each year. The industrial products company earns $439.87 million in net income (profit) each year or $2.62 on an earnings per share basis.

The company employs 3,800 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.