Graco Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Graco in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Graco stock.
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6 equities research analysts have issued 12-month price objectives for Graco's shares. Their GGG stock forecasts range from $70.00 to $83.00. On average, they expect Graco's stock price to reach $74.67 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price.
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Graco's stock was trading at $80.62 on January 1st, 2022. Since then, GGG shares have decreased by 26.2% and is now trading at $59.50.
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Graco is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
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Graco Inc. (NYSE:GGG) released its quarterly earnings results on Wednesday, April, 27th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.06. The industrial products company had revenue of $494.29 million for the quarter, compared to analyst estimates of $503.33 million. Graco had a trailing twelve-month return on equity of 26.28% and a net margin of 21.45%. Graco's revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 earnings per share.
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Graco declared a quarterly dividend on Friday, June 17th. Shareholders of record on Monday, July 18th will be paid a dividend of $0.21 per share on Wednesday, August 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, July 15th.
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Graco(NYSE:GGG) pays an annual dividend of $0.84 per share and currently has a dividend yield of 1.41%. Graco 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 of Graco is 33.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Graco will have a dividend payout ratio of 28.87% next year. This indicates that Graco will be able to sustain or increase its dividend.
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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 issued shares were issued to shareholders after the market closes on Wednesday, December 27th 2017. An investor that had 100 shares of Graco stock prior to the split would have 300 shares after the split.

85 employees have rated Graco CEO Patrick J. McHale on Glassdoor.com. Patrick J. McHale has an approval rating of 93% among Graco's employees. This puts Patrick J. McHale in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Graco include Illinois Tool Works (ITW), Parker-Hannifin (PH), Dover (DOV), Ingersoll Rand (IR), Stanley Black & Decker (SWK), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Snap-on (SNA), Pentair (PNR), Lincoln Electric (LECO), Middleby (MIDD), Donaldson (DCI), Woodward (WWD) and Chart Industries (GTLS).
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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."

Shares of GGG 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 $59.50.

Graco (NYSE:GGG) has a market capitalization of $10.07 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 $2.489990 on an earnings per share basis.

Graco employs 3,800 workers across the globe.

Graco was founded in 1926.

Graco's mailing address is 88 - 11TH AVENUE N.E., MINNEAPOLIS MN, 55413. The official website for Graco 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.