Graco - GGG Stock Forecast, Price & News

6 Wall Street research 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 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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6 Wall Street research analysts have issued twelve-month target prices for Graco's shares. Their GGG share price forecasts range from $61.00 to $83.00. On average, they expect the company's stock price to reach $71.00 in the next year. This suggests a possible upside of 0.9% 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 12.7% and is now trading at $70.37.
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Graco saw a drop in short interest in July. As of July 31st, there was short interest totaling 1,840,000 shares, a drop of 18.9% from the July 15th total of 2,270,000 shares. Based on an average daily 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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
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Graco Inc. (NYSE:GGG) announced its quarterly earnings data on Wednesday, July, 27th. The industrial products company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.01. The industrial products company had revenue of $548.55 million for the quarter, compared to the consensus estimate of $533.49 million. Graco had a trailing twelve-month return on equity of 25.73% and a net margin of 21.38%. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS.

Graco declared a quarterly dividend on Friday, June 17th. Investors 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 dividend yield of 1.19%. 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 1.20%. 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.

Shares of Graco split on 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 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 shareholders include Fiera Capital Corp (5.98%), Kayne Anderson Rudnick Investment Management LLC (4.36%), WCM Investment Management LLC (3.17%), Champlain Investment Partners LLC (1.61%), Brown Brothers Harriman & Co. (1.61%) and Allianz Asset Management GmbH (0.99%). 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.
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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 $70.37.

Graco (NYSE:GGG) has a market capitalization of $11.90 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.