Graco - GGG Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Graco in the last twelve months. There are currently 4 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.
View GGG analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued 1-year target prices for Graco's shares. Their GGG share price forecasts range from $61.00 to $83.00. On average, they anticipate the company's share price to reach $71.00 in the next twelve months. This suggests a possible upside of 1.9% from the stock's current price.
View analysts price targets for GGG or view top-rated stocks among Wall Street analysts.

Graco's stock was trading at $80.62 at the beginning of the year. Since then, GGG stock has decreased by 13.5% and is now trading at $69.71.
View the best growth stocks for 2022 here.

Graco saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,840,000 shares, a decrease of 18.9% from the July 15th total of 2,270,000 shares. Based on an average daily trading volume, of 605,200 shares, the days-to-cover ratio is currently 3.0 days. Currently, 1.1% of the shares of the stock are short sold.
View Graco's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our GGG earnings forecast.

Graco Inc. (NYSE:GGG) released its quarterly earnings data on Wednesday, July, 27th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The industrial products company earned $548.55 million during the quarter, compared to the consensus estimate of $533.49 million. Graco had a net margin of 21.38% and a trailing twelve-month return on equity of 25.73%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS.

Graco announced a quarterly dividend on Friday, June 17th. Shareholders of record on Monday, July 18th will be given 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 1.20%. The ex-dividend date of this dividend is Friday, July 15th.
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 1.22%. 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 33.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGG will have a dividend payout ratio of 29.79% 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 issued shares were distributed 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 variety of institutional and retail investors. Top institutional shareholders include Fiera Capital Corp (5.98%), Kayne Anderson Rudnick Investment Management LLC (4.36%), WCM Investment Management LLC (3.17%), Brown Brothers Harriman & Co. (1.61%), Allianz Asset Management GmbH (0.99%) and Northern Trust Corp (0.81%). 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, 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of GGG stock can currently be purchased for approximately $69.71.

Graco (NYSE:GGG) has a market capitalization of $11.79 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 $2.54 on an earnings per share basis.

The company 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 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.