Graco Inc. (NYSE:GGG) Expected to Post Q4 2024 Earnings of $0.82 Per Share

Graco Inc. (NYSE:GGG) – Equities research analysts at Zacks Research reduced their Q4 2024 earnings per share estimates for shares of Graco in a report issued on Wednesday, May 15th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings of $0.82 per share for the quarter, down from their prior estimate of $0.84. The consensus estimate for Graco’s current full-year earnings is $3.07 per share. Zacks Research also issued estimates for Graco’s Q3 2025 earnings at $0.76 EPS and FY2026 earnings at $3.36 EPS.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). Graco had a net margin of 23.15% and a return on equity of 23.01%. The business had revenue of $492.19 million for the quarter, compared to analysts’ expectations of $536.19 million. During the same quarter in the previous year, the firm earned $0.74 EPS. Graco’s revenue was down 7.1% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on the company. StockNews.com cut Graco from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Royal Bank of Canada lifted their target price on Graco from $91.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Robert W. Baird decreased their target price on Graco from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, William Blair reaffirmed a “market perform” rating on shares of Graco in a research report on Friday, April 26th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $88.25.

Graco Stock Up 0.4 %

GGG opened at $83.48 on Thursday. The business has a fifty day moving average of $89.03 and a 200 day moving average of $85.85. Graco has a 52-week low of $69.78 and a 52-week high of $94.77. The stock has a market cap of $14.12 billion, a P/E ratio of 28.79, a PEG ratio of 2.71 and a beta of 0.84.

Graco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, April 12th. Graco’s payout ratio is 35.17%.

Insider Transactions at Graco

In other news, VP Angela F. Wordell sold 3,588 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $93.60, for a total value of $335,836.80. Following the completion of the transaction, the vice president now directly owns 12,725 shares of the company’s stock, valued at approximately $1,191,060. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Angela F. Wordell sold 3,588 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $93.60, for a total transaction of $335,836.80. Following the transaction, the vice president now directly owns 12,725 shares of the company’s stock, valued at approximately $1,191,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christian E. Rothe sold 15,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $90.04, for a total value of $1,350,600.00. Following the transaction, the insider now directly owns 25,583 shares in the company, valued at $2,303,493.32. The disclosure for this sale can be found here. In the last three months, insiders sold 44,088 shares of company stock valued at $4,000,485. Corporate insiders own 2.63% of the company’s stock.

Institutional Trading of Graco

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aristides Capital LLC acquired a new stake in Graco in the 1st quarter worth about $269,000. BOKF NA grew its position in shares of Graco by 2.1% in the first quarter. BOKF NA now owns 13,690 shares of the industrial products company’s stock valued at $1,263,000 after purchasing an additional 287 shares in the last quarter. Epoch Investment Partners Inc. grew its position in shares of Graco by 9.8% in the first quarter. Epoch Investment Partners Inc. now owns 928,600 shares of the industrial products company’s stock valued at $86,787,000 after purchasing an additional 83,065 shares in the last quarter. Quantum Capital Management LLC NJ grew its position in shares of Graco by 7.8% in the first quarter. Quantum Capital Management LLC NJ now owns 496,803 shares of the industrial products company’s stock valued at $46,431,000 after purchasing an additional 35,737 shares in the last quarter. Finally, Quadrature Capital Ltd grew its position in shares of Graco by 71.7% in the first quarter. Quadrature Capital Ltd now owns 4,501 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 1,879 shares in the last quarter. 93.88% of the stock is owned by institutional investors and hedge funds.

About Graco

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.