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NYSE:GGG

Graco - GGG Stock Forecast, Price & News

$66.82
-0.39 (-0.58%)
(As of 01/30/2023 02:42 PM ET)
Add
Compare
Today's Range
$66.74
$67.71
50-Day Range
$65.65
$70.62
52-Week Range
$56.48
$75.45
Volume
392,668 shs
Average Volume
715,061 shs
Market Capitalization
$11.26 billion
P/E Ratio
25.50
Dividend Yield
1.40%
Price Target
$69.50

Graco MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
3.7% Upside
$69.50 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.18
Upright™ Environmental Score
News Sentiment
0.35mentions of Graco in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$1.52 M Sold Last Quarter
Proj. Earnings Growth
5.77%
From $2.60 to $2.75 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Industrial Products Sector

87th out of 183 stocks

Pumps & Pumping Equipment Industry

6th out of 7 stocks


GGG stock logo

About Graco (NYSE:GGG) Stock

Graco, Inc. is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies and Industrial Products divisions. It markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives, and other fluids. The Process segment markets pumps, valves, meters, and accessories to move and dispense chemicals, oil and natural gas, water, wastewater, petroleum, food, lubricants, and other fluids. The Contractor segment equipment includes sprayers that apply texture to walls and ceilings, highly viscous coatings to roofs and markings on roads, parking lots, athletic fields and floors. The company was founded by Russell Gray and Leil Gray in April 1926 and is headquartered in Minneapolis, MN.

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GGG Stock News Headlines

Analysts Set Graco Inc. (NYSE:GGG) Target Price at $69.50
Graco (GGG) Set to Announce Quarterly Earnings on Monday
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Oppenheimer Weighs in on Graco Inc.'s Q1 2023 Earnings (NYSE:GGG)
Should You Buy Graco (GGG) Ahead of Earnings?
Graco (NYSE:GGG) Upgraded by StockNews.com to Buy
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Graco (NYSE:GGG) Is Increasing Its Dividend To $0.235
Reasons to Retain Graco (GGG) Stock in Your Portfolio Now
Graco: Good Growth Prospects At A Reasonable Valuation
Graco Launches QUANTM Pump
Graco Names Claudio Merengo an Executive Officer
Graco Hikes Dividend By 11.9%
Should You Think About Buying Graco Inc. (NYSE:GGG) Now?
Graco Reports Record Third Quarter Results
See More Headlines
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GGG Company Calendar

Last Earnings
10/19/2021
Ex-Dividend for 11/2 Dividend
10/14/2022
Dividend Payable
11/02/2022
Ex-Dividend for 2/1 Dividend
1/17/2023
Today
1/30/2023
Next Earnings (Confirmed)
1/30/2023
Dividend Payable
2/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
38410910
Employees
3,800
Year Founded
1926

Price Target and Rating

Average Stock Price Forecast
$69.50
High Stock Price Forecast
$77.00
Low Stock Price Forecast
$61.00
Forecasted Upside/Downside
+4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$439.87 million
Pretax Margin
25.42%

Debt

Sales & Book Value

Annual Sales
$1.99 billion
Cash Flow
$2.83 per share
Book Value
$10.03 per share

Miscellaneous

Free Float
162,597,000
Market Cap
$11.26 billion
Optionable
Optionable
Beta
0.80

Social Links


Key Executives

  • Mark WIlliam Sheahan
    President, Chief Executive Officer & Director
  • Angela F. WordellAngela F. Wordell
    Executive Vice President-Operations
  • David M. LoweDavid M. Lowe
    Chief Financial Officer & Treasurer
  • Kathryn L. Schoenrock
    EVP, Controller & Information Systems
  • Joseph J. Humke
    Secretary, Executive VP & General Counsel













GGG Stock - Frequently Asked Questions

Should I buy or sell Graco stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Graco in the last twelve months. There are currently 4 hold ratings and 1 buy rating 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.

What is Graco's stock price forecast for 2023?

5 brokerages have issued 12 month price targets for Graco's stock. Their GGG share price forecasts range from $61.00 to $77.00. On average, they predict the company's stock price to reach $69.50 in the next year. This suggests a possible upside of 3.4% from the stock's current price.
View analysts price targets for GGG
or view top-rated stocks among Wall Street analysts.

How have GGG shares performed in 2023?

Graco's stock was trading at $67.26 at the start of the year. Since then, GGG shares have decreased by 0.1% and is now trading at $67.20.
View the best growth stocks for 2023 here
.

Are investors shorting Graco?

Graco saw a decrease in short interest in the month of December. As of December 15th, there was short interest totaling 2,300,000 shares, a decrease of 12.9% from the November 30th total of 2,640,000 shares. Based on an average trading volume of 851,900 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.4% of the company's shares are sold short.
View Graco's Short Interest
.

When is Graco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 30th 2023.
View our GGG earnings forecast
.

How can I listen to Graco's earnings call?

Graco will be holding an earnings conference call on Tuesday, January 31st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Graco's earnings last quarter?

Graco Inc. (NYSE:GGG) released its quarterly earnings data on Tuesday, October, 19th. The industrial products company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by $0.06. The industrial products company earned $486.70 million during the quarter, compared to analysts' expectations of $490.27 million. Graco had a net margin of 21.37% and a trailing twelve-month return on equity of 25.74%. The firm's revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS.

How often does Graco pay dividends? What is the dividend yield for Graco?

Graco announced a quarterly dividend on Friday, December 2nd. Shareholders of record on Wednesday, January 18th will be given a dividend of $0.235 per share on Wednesday, February 1st. This represents a $0.94 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, January 17th. This is a positive change from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for GGG
.

Is Graco a good dividend stock?

Graco (NYSE:GGG) pays an annual dividend of $0.94 per share and currently has a dividend yield of 1.40%. 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 35.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGG will have a dividend payout ratio of 34.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GGG.

When did Graco's stock split?

Graco shares split on Thursday, December 28th 2017. The 3-1 split was announced on Friday, December 8th 2017. The newly issued shares were payable 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.

What is Patrick J. McHale's approval rating as Graco's CEO?

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.

What other stocks do shareholders of Graco own?

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).

What is Graco's stock symbol?

Graco trades on the New York Stock Exchange (NYSE) under the ticker symbol "GGG."

Who are Graco's major shareholders?

Graco's stock is owned by many different retail and institutional investors. Top institutional shareholders include Fenimore Asset Management Inc. (0.63%), Confluence Investment Management LLC (0.61%), Mountain Pacific Investment Advisers Inc. ID (0.33%), M&G Investment Management Ltd. (0.22%), Natixis Advisors L.P. (0.17%) and National Bank of Canada FI (0.15%). 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, Peter J O'shea, Sant R William Van, Timothy R White, Timothy R White and William J Carroll.
View institutional ownership trends
.

How do I buy shares of Graco?

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.

What is Graco's stock price today?

One share of GGG stock can currently be purchased for approximately $67.20.

How much money does Graco make?

Graco (NYSE:GGG) has a market capitalization of $11.33 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 $2.62 on an earnings per share basis.

How many employees does Graco have?

The company employs 3,800 workers across the globe.

Does Graco have any subsidiaries?
The following companies are subsidiares of Graco: ASM Company Inc., Alco Valves Group, Ecoquip Inc., Electric Torque Machines Inc, GFEC Free Zone Uruguay S.A., GFEC Uruguay S.A., GG Manufacturing s.r.l., Gema (Shanghai) Co. Ltd., Gema Europe s.r.l., Gema México Powder Finishing S. de R.L. de C.V., Gema Switzerland GmbH, Gema USA Inc., GeoBlaster Equipment Sales & Services Inc., Geotechnical Instruments (U.K.) Limited, GlasCraft Inc., Graco Australia Pty Ltd, Graco BV, Graco Canada Inc., Graco Chile SpA, Graco Colombia S.A.S., Graco Distribution BV, Graco Finance Hong Kong Limited, Graco Fluid Equipment (Shanghai) Co. Ltd., Graco Fluid Equipment (Suzhou) Co. Ltd., Graco Fluid Handling (D) Inc., Graco Fluid Handling (H) Inc., Graco Fluid Handling (I) Inc., Graco Global Holdings, Graco GmbH, Graco High Pressure Equipment Inc., Graco Hong Kong Limited, Graco India Private Limited, Graco International Holdings, Graco K.K., Graco Korea Inc., Graco Limited, Graco Malaysia Sdn. Bhd., Graco Minnesota Inc., Graco Ohio Inc., Graco S.A.S., Graco Serviços e Importação de Máquinas e Equipamentos em Geral Ltda., Graco Solutions Inc., Graco Trading (Shanghai) Co. Ltd., Gusmer Europe S.L., Illinois Tool Works Inc. finishing businesses, Landtec North America Inc., Liquid Control Corporation, Lubriquip Inc., Multimaq-Pistolas e Equipamentos Para Pintura Ltda., Q.E.D. Environmental Systems Inc., Q.E.D. Environmental Systems Limited, SAT (Surface Aluminium Technologies) S.r.l., Smith Manufacturing, Smith Surface Preparation Systems Inc., Staffordshire Hydraulic Services Limited, and White Knight Fluid Handling Inc..
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How can I contact Graco?

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.

This page (NYSE:GGG) was last updated on 1/30/2023 by MarketBeat.com Staff