Graco Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Graco in the last year. 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" Graco stock. 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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Wall Street analysts have given Graco a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Graco wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Graco saw a decrease in short interest in the month of August. As of August 13th, there was short interest totaling 1,420,000 shares, a decrease of 17.4% from the July 29th total of 1,720,000 shares. Based on an average daily volume of 567,800 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.9% of the shares of the stock are sold short.
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Graco is scheduled to release its next quarterly earnings announcement on Wednesday, October 20th 2021.
View our earnings forecast for Graco.

Graco Inc. (NYSE:GGG) released its earnings results on Tuesday, July, 20th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The industrial products company had revenue of $507.16 million for the quarter, compared to analysts' expectations of $478.01 million. Graco had a trailing twelve-month return on equity of 31.42% and a net margin of 23.76%. The business's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share.
View Graco's earnings history.

Graco's stock was trading at $47.93 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GGG stock has increased by 59.0% and is now trading at $76.23.
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Graco declared a quarterly dividend on Friday, June 11th. Stockholders of record on Monday, July 19th will be paid a dividend of $0.1875 per share on Wednesday, August 4th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, July 16th.
View Graco's dividend history.

Graco pays an annual dividend of $0.75 per share and currently has a dividend yield of 0.99%. The dividend payout ratio of Graco is 38.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Graco will have a dividend payout ratio of 27.68% next year. This indicates that Graco will be able to sustain or increase its dividend.
View Graco's dividend history.

Graco shares 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 Graco stock prior to the split would have 300 shares after the split.

5 brokerages have issued 1 year target prices for Graco's shares. Their forecasts range from $62.00 to $90.00. On average, they expect Graco's stock price to reach $77.60 in the next twelve months. This suggests a possible upside of 1.8% from the stock's current price.
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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), Stanley Black & Decker (SWK), Xylem (XYL), Dover (DOV), Ingersoll Rand (IR), IDEX (IEX), Nordson (NDSN), Pentair (PNR), Snap-on (SNA), The Middleby (MIDD), Lincoln Electric (LECO), ITT (ITT), Rexnord (RXN) and Woodward (WWD).
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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), The 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 Vanguard Group Inc. (9.88%), BlackRock Inc. (8.52%), Fiera Capital Corp (6.25%), Kayne Anderson Rudnick Investment Management LLC (4.65%), State Street Corp (3.25%) and WCM Investment Management LLC (2.87%). Company insiders that own Graco 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 and William J Carroll.
View institutional ownership trends for Graco.

GGG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Goldman Sachs Group Inc., Wells Fargo & Company MN, Renaissance Technologies LLC, Eagle Asset Management Inc., Deutsche Bank AG, New York State Common Retirement Fund, and Confluence Investment Management LLC. Company insiders that have sold Graco company stock in the last year include Brian J Zumbolo, Caroline M Chambers, Christian E Rothe, Dale D Johnson, David M Ahlers, David M Lowe, Eric Etchart, Karen Park Gallivan, Lee R Mitau, Mark W Sheahan, Patrick J Mchale, Sant R William Van, and Timothy R White.
View insider buying and selling activity for Graco or view top insider-selling stocks.

GGG stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Champlain Investment Partners LLC, Kayne Anderson Rudnick Investment Management LLC, Millennium Management LLC, Allianz Asset Management GmbH, Bank of Nova Scotia, Price T Rowe Associates Inc. MD, and Amalgamated Bank.
View insider buying and selling activity for Graco or or view top insider-buying stocks.

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 $76.23.

Graco has a market capitalization of $12.94 billion and generates $1.65 billion in revenue each year. The industrial products company earns $330.46 million in net income (profit) each year or $1.95 on an earnings per share basis.

Graco employs 3,700 workers across the globe.

Graco was founded in 1926.

The official website for Graco is www.graco.com.

Graco is headquartered at 88 - 11TH AVENUE N.E., MINNEAPOLIS MN, 55413.

Graco's mailing address is 88 - 11TH AVENUE N.E., MINNEAPOLIS MN, 55413. The industrial products company can be reached via phone at (612) 623-6000 or via email at [email protected]