Graco Inc. Sets New 1-Year High at $75.78 (GGG)
Graco (NYSE:GGG) set a new 52-week high during mid-day trading on Tuesday, ARN reports. The stock traded as high as $75.78 and last traded at $74.60, with a volume of 322,394 shares. The stock had previously closed at $74.06.
Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Graco (NYSE:GGG) in a research note to investors on Friday, July 26th. They now have a $66.00 price target on the stock, up previously from $62.00. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $66.20.
In other Graco news, VP Karen Park Gallivan sold 45,000 shares of the company’s stock on the open market in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $73.00, for a total transaction of $3,285,000.00. Following the completion of the transaction, the vice president now directly owns 6,320 shares in the company, valued at approximately $461,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Graco has a 52 week low of $44.91 and a 52 week high of $75.78. The stock has a 50-day moving average of $72.22 and a 200-day moving average of $65.12. The company has a market cap of $4.620 billion and a P/E ratio of 24.26.
Graco (NYSE:GGG) last released its earnings data on Wednesday, July 24th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.07. The company had revenue of $286.00 million for the quarter, compared to the consensus estimate of $281.29 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts expect that Graco will post $3.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 6th. Investors of record on Monday, October 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, October 17th.
Graco Inc (NYSE:GGG) design, manufacture and sell equipment that pumps, meters, mixes, dispenses and sprays a variety of fluids and semi-solids.
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