According to Bloomberg.com, the recommendation for Graco INC (NYSE: GGG) shares that have received the most support from the six research firms that follow the company has been “Hold.” Financial specialists have made three recommendations for the stock to be held and two recommendations for the stock to be purchased.
Most research analysts who have recently covered the stock have projected that its price will reach $73.00 within the next year if they successfully achieve their price objective.
Graco’s most recent quarterly earnings report, traded on the New York Stock Exchange under the symbol GGG, was released on January 31.
The manufacturer of industrial items reported quarterly profits of $0.73, which are $0.04 more than the consensus estimate of $0.69 among financial analysts.
The consensus estimate was based on the previous quarter’s results. Graco, INC reported a return on equity of 25.67% and a net margin of 21.49 percent for the previous fiscal year.
The revenue projections offered by the analysts for the company’s performance during the quarter ranged from $556.72 million to $555.05 million as an upper and lower bound, respectively.
In the same period as the previous year, the business made a profit of $0.66 per share. Compared to the same period in the prior year, the quarterly revenue showed a 2.9% increase. Graco is expected to generate earnings of $2.78 per share this year, according to the forecasts of analysts who specialize in equity research.
The first day of trading for GGG was Thursday, with an opening price of $67.17.
The debt-to-equity ratio comes in at 0.04, the current ratio at 3.01, and the quick ratio at 1.82. Over the previous year, the price of a Graco product ranged from its all-time low of $56.48 to its all-time high of $72.87nt ratio comes in at 3.01, and the quick ratio comes in at 1.82. Over the previous year, the price of a Graco product ranged from its all-time low of $56.48 to its all-time high of $72.87.
The company has a beta coefficient of 0.78, a market capitalization currently sitting at $11.27 billion, a PE ratio currently sitting at 25.16, and a PEG ratio currently sitting at 2.43.
The fifty-day moving average of the stock price has reached $69.53, and the 200-day moving average has reached $67.12 as of this writing.
In several different analyst reports, GGG has been brought up as a topic for discussion.
The “buy” position was assigned to Graco by Seaport Research Ptn on Thursday, February 2, after the “neutral” rating that was previously assigned to the company was upgraded to “buy.” The “buy” recommendation that StockNews.com had previously held for Graco was changed to a “hold” rating in a research note published on Tuesday. Robert W.
Baird increased their target price on Graco from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report published on Wednesday, February 1.
This was the last bit of information that was released regarding the company.
The company just announced a quarterly dividend, scheduled to be paid out on May 3 this year.
In addition, the company had just recently announced the dividend.
A $0.235 dividend payment will be made to shareholders whose information is recorded in the company’s books on April 17.
The dividend will be withheld from shareholder accounts beginning on April 14, next Friday.
This results in a dividend payment of $0.94 annually and a yield of 1.40 percent for the investment. Graco’s dividend payout ratio is currently sitting at 35.21% as of right now.
On February 9, David M.
Lowe, Chief Financial Officer of Graco, completed the sale of 31,128 shares of the company’s stock.
It was determined that the price per share would be $70.17, and the total value realized from the stock sale would be $2,184,251.76. Following the completion of the transaction, the chief financial officer obtained direct ownership of a total of 601,770 shares.
According to the stock price right now, these shares are worth approximately $42,226,200.90 collectively.
If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. Sant R. William Van, also a company director, sold 20,820 shares of the company’s stock on February 6, 2019.
It was determined that the stock was sold at a price that was an average of $71.14 per share, which resulted in a total transaction volume of 1,481,134.80 dollars. You will be taken to the legal file presented to the Securities and Exchange Commission if you click the link.
In this file, the transaction is described in greater detail.
Additionally, on February 9, the company’s Chief Financial Officer, David M.
Lowe, sold 31,128 shares of the company’s stock.
It was determined that the price per share would be $70.17, and the total value realized from the stock sale would be $2,184,251.76.
The CFO is now the owner of 601,770 shares of the company’s stock, which together are worth a total of $42,226,200.90 due to the purchase that was made.
Disclosures related to the sale might be found in this website section.
A total of $4,096,787 in revenue was generated due to the sale of 57,948 shares by company insiders over the most recent three months.
The current percentage of the company’s stock owned by company insiders is 3.52%.