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 Wall Street research analysts have issued 12-month price objectives for Graco's stock. Their GGG share price forecasts range from $70.00 to $77.00. On average, they predict the company's stock price to reach $73.00 in the next year. This suggests a possible upside of 3.6% 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 shares have increased by 4.7% and is now trading at $70.43.
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Graco saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 2,580,000 shares, an increase of 8.4% from the February 13th total of 2,380,000 shares. Based on an average daily volume of 914,400 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.6% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our GGG earnings forecast.

Graco Inc. (NYSE:GGG) announced its quarterly earnings data on Tuesday, January, 31st. The industrial products company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.04. The industrial products company earned $555.05 million during the quarter, compared to the consensus estimate of $556.72 million. Graco had a trailing twelve-month return on equity of 25.67% and a net margin of 21.49%. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 earnings per share.

Graco announced a quarterly dividend on Friday, February 17th. Investors 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 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend 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), American CenturyFocused Dynamic Growth ETF (FDG), Adasina Social Justice All Cap Global ETF (JSTC), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Invesco S&P MidCap Quality ETF (XMHQ), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM) and Formidable Fortress ETF (KONG).

Graco (NYSE:GGG) pays an annual dividend of $0.94 per share and currently has a dividend yield of 1.36%. 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 35.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGG will have a dividend payout ratio of 31.76% 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 before market open on Thursday, December 28th 2017. The 3-1 split was announced on Friday, December 8th 2017. The newly created 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 a number of retail and institutional investors. Top institutional investors include Fiera Capital Corp (5.52%), Moneta Group Investment Advisors LLC (2.84%), Morgan Stanley (2.64%), Brown Brothers Harriman & Co. (1.87%), Geode Capital Management LLC (1.69%) and Jackson Square Partners LLC (1.37%). Insiders that own company stock include Angela F Wordell, 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, 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 $70.43.

Graco (NYSE:GGG) has a market capitalization of $11.83 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 $2.67 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.