Equities research analysts forecast that Graco Inc. (NYSE:GGG) will post $1.05 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Graco’s earnings. The highest EPS estimate is $1.08 and the lowest is $1.02. Graco reported earnings of $0.95 per share in the same quarter last year, which would indicate a positive year over year growth rate of 10.5%. The business is expected to report its next quarterly earnings results on Wednesday, October 18th.

According to Zacks, analysts expect that Graco will report full-year earnings of $4.52 per share for the current year, with EPS estimates ranging from $4.49 to $4.56. For the next year, analysts expect that the company will post earnings of $4.57 per share, with EPS estimates ranging from $4.40 to $4.75. Zacks’ EPS averages are an average based on a survey of research firms that cover Graco.

Graco (NYSE:GGG) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.32. Graco had a return on equity of 40.21% and a net margin of 6.50%. The business had revenue of $379.50 million during the quarter, compared to analyst estimates of $369.36 million. During the same quarter in the previous year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year.

A number of brokerages have recently issued reports on GGG. Wolfe Research restated a “market perform” rating on shares of Graco in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Graco from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a report on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating on shares of Graco in a report on Friday, July 28th. BidaskClub downgraded shares of Graco from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Finally, FBR & Co reiterated a “marketperform” rating on shares of Graco in a report on Tuesday, July 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Graco has a consensus rating of “Hold” and a consensus target price of $106.20.

In related news, Director Eric Etchart sold 793 shares of Graco stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $113.90, for a total value of $90,322.70. Following the completion of the sale, the director now owns 11,224 shares in the company, valued at approximately $1,278,413.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Karen Park Gallivan sold 12,242 shares of Graco stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $115.00, for a total transaction of $1,407,830.00. Following the completion of the sale, the vice president now owns 27,264 shares of the company’s stock, valued at approximately $3,135,360. The disclosure for this sale can be found here. Insiders sold a total of 134,021 shares of company stock valued at $7,031,734 in the last quarter. 5.70% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of GGG. BB&T Corp boosted its position in shares of Graco by 0.4% in the second quarter. BB&T Corp now owns 2,567 shares of the industrial products company’s stock valued at $280,000 after buying an additional 11 shares in the last quarter. Somerset Trust Co boosted its position in shares of Graco by 0.4% in the second quarter. Somerset Trust Co now owns 5,093 shares of the industrial products company’s stock valued at $557,000 after buying an additional 21 shares in the last quarter. BB&T Securities LLC boosted its position in shares of Graco by 0.5% in the second quarter. BB&T Securities LLC now owns 6,930 shares of the industrial products company’s stock valued at $757,000 after buying an additional 36 shares in the last quarter. Profund Advisors LLC boosted its position in shares of Graco by 0.5% in the first quarter. Profund Advisors LLC now owns 7,738 shares of the industrial products company’s stock valued at $728,000 after buying an additional 37 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in shares of Graco by 0.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 9,651 shares of the industrial products company’s stock valued at $909,000 after buying an additional 54 shares in the last quarter. 90.30% of the stock is owned by institutional investors.

Shares of Graco (GGG) traded up 0.33% on Tuesday, hitting $115.88. The company’s stock had a trading volume of 221,639 shares. The stock has a 50-day moving average price of $110.30 and a 200 day moving average price of $101.08. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 73.53 and a beta of 1.25. Graco has a one year low of $69.33 and a one year high of $116.75.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Monday, July 17th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $1.44 annualized dividend and a yield of 1.24%. Graco’s dividend payout ratio (DPR) is presently 92.90%.

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Graco Company Profile

Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.

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Earnings History and Estimates for Graco (NYSE:GGG)

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