Graco (GGG) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Graco in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GGG shares.
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4 Wall Street research analysts have issued 1-year target prices for Graco's shares. Their GGG share price forecasts range from $70.00 to $89.00. On average, they predict the company's share price to reach $79.25 in the next twelve months. This suggests a possible upside of 3.3% from the stock's current price.
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Graco's stock was trading at $67.26 at the start of the year. Since then, GGG shares have increased by 14.1% and is now trading at $76.73.
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Graco saw a drop in short interest in May. As of May 15th, there was short interest totaling 2,420,000 shares, a drop of 18.8% from the April 30th total of 2,980,000 shares. Based on an average trading volume of 977,900 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.5% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our GGG earnings forecast.

Graco Inc. (NYSE:GGG) posted its quarterly earnings data on Wednesday, April, 26th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.13. The industrial products company earned $529.65 million during the quarter, compared to analyst estimates of $501.87 million. Graco had a net margin of 22.44% and a trailing twelve-month return on equity of 26.12%. The business's revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share.

Graco announced a quarterly dividend on Friday, February 17th. Investors of record on Monday, April 17th will be paid a dividend of $0.235 per share on Wednesday, May 3rd. This represents a $0.94 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, April 14th.
Read our dividend analysis for GGG.

ETFs with the largest weight of Graco (NYSE:GGG) stock in their portfolio include FMC Excelsior Focus Equity ETF (FMCX), VictoryShares THB Mid Cap ESG ETF (MDCP), Formidable Fortress ETF (KONG), American CenturyFocused Dynamic Growth ETF (FDG), Adasina Social Justice All Cap Global ETF (JSTC), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and Invesco S&P MidCap Quality ETF (XMHQ).

Graco (NYSE:GGG) pays an annual dividend of $0.94 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 33.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGG will have a dividend payout ratio of 29.47% 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 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 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 BlackRock Inc. (10.02%), Fiera Capital Corp (5.45%), State Street Corp (4.53%), Kayne Anderson Rudnick Investment Management LLC (3.49%), Brown Brothers Harriman & Co. (1.86%) and Geode Capital Management LLC (1.66%). Insiders that own company stock include Angela F Wordell, Brian J Zumbolo, Caroline M Chambers, Christian E Rothe, Claudio Merengo, 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 W Sheahan, Martha A M Morfitt, Patrick J Mchale, Sant R William Van, Sant R William Van, Timothy R White and Timothy R White.
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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 $76.73.

Graco (NYSE:GGG) has a market capitalization of $12.92 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 $2.84 on an earnings per share basis.

The company employs 4,000 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.