Graco - GGG Stock Forecast, Price & News

5 Wall Street 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 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 equities research analysts have issued twelve-month target prices for Graco's shares. 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 twelve months. This suggests a possible upside of 2.8% 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 5.6% and is now trading at $71.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Graco Inc. (NYSE:GGG) released 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 net margin of 21.49% and a trailing twelve-month return on equity of 25.67%. The firm's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS.

Graco announced a quarterly dividend on Friday, December 2nd. Investors of record on Wednesday, January 18th will be paid a dividend of $0.235 per share on Wednesday, February 1st. This represents a $0.94 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, January 17th. This is an increase from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for GGG.

Graco (NYSE:GGG) pays an annual dividend of $0.94 per share and currently has a dividend yield of 1.32%. 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 31.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GGG.

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 distributed 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 institutional and retail investors. Top institutional investors include Fenimore Asset Management Inc. (0.63%), Confluence Investment Management LLC (0.61%), Mountain Pacific Investment Advisers Inc. ID (0.33%), ProShare Advisors LLC (0.31%), New York State Common Retirement Fund (0.26%) and Retirement Systems of Alabama (0.24%). 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, Jeffrey P Johnson, Karen Park Gallivan, Lee R Mitau, Mark D Eberlein, Mark W Sheahan, Martha A M Morfitt, Patrick J Mchale, 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 $71.00.

Graco (NYSE:GGG) has a market capitalization of $11.97 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 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.