DA Davidson Estimates Graco’s Q1 Earnings (NYSE:GGG)

Graco Inc. (NYSE:GGG) – Stock analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Graco in a report issued on Friday, January 31st. DA Davidson analyst M. Summerville anticipates that the industrial products company will post earnings of $0.67 per share for the quarter. The consensus estimate for Graco’s current full-year earnings is $3.06 per share.

Several other research firms also recently issued reports on GGG. BNP Paribas raised shares of Graco from a “neutral” rating to an “outperform” rating and set a $105.00 price target for the company in a research report on Thursday, December 19th. Royal Bank of Canada lifted their price target on shares of Graco from $93.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Robert W. Baird reduced their price target on shares of Graco from $88.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $91.50.

Graco Trading Up 0.9 %

NYSE GGG opened at $84.06 on Monday. The company has a fifty day simple moving average of $85.69 and a 200 day simple moving average of $84.69. Graco has a 12-month low of $77.49 and a 12-month high of $94.77. The company has a market cap of $14.19 billion, a P/E ratio of 29.81, a PEG ratio of 2.75 and a beta of 0.84.

Graco (NYSE:GGG) last released its quarterly earnings data on Monday, January 27th. The industrial products company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.13). Graco had a net margin of 23.00% and a return on equity of 19.38%.

Hedge Funds Weigh In On Graco

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Institute for Wealth Management LLC. boosted its holdings in shares of Graco by 2.5% in the 4th quarter. Institute for Wealth Management LLC. now owns 4,860 shares of the industrial products company’s stock worth $410,000 after buying an additional 119 shares during the last quarter. Albert D Mason Inc. boosted its holdings in shares of Graco by 0.4% in the 4th quarter. Albert D Mason Inc. now owns 27,923 shares of the industrial products company’s stock worth $2,354,000 after buying an additional 121 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Graco by 3.1% in the 3rd quarter. Ballentine Partners LLC now owns 4,222 shares of the industrial products company’s stock worth $369,000 after buying an additional 128 shares during the last quarter. Optas LLC boosted its holdings in shares of Graco by 4.0% in the 4th quarter. Optas LLC now owns 3,360 shares of the industrial products company’s stock worth $283,000 after buying an additional 128 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of Graco by 39.1% in the 4th quarter. Brooklyn Investment Group now owns 484 shares of the industrial products company’s stock worth $41,000 after buying an additional 136 shares during the last quarter. 93.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Caroline M. Chambers sold 8,280 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $90.57, for a total value of $749,919.60. Following the transaction, the insider now directly owns 57,612 shares of the company’s stock, valued at approximately $5,217,918.84. The trade was a 12.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter J. O’shea sold 18,075 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $88.76, for a total transaction of $1,604,337.00. Following the completion of the transaction, the insider now directly owns 14,516 shares in the company, valued at $1,288,440.16. This trade represents a 55.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,098 shares of company stock valued at $2,776,150 in the last three months. 2.63% of the stock is currently owned by insiders.

Graco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Monday, January 20th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.31%. This is an increase from Graco’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, January 17th. Graco’s payout ratio is currently 39.01%.

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.