Wall Street brokerages expect Graco Inc. (NYSE:GGG) to post $366.99 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Graco’s earnings, with estimates ranging from $360.04 million to $374.90 million. Graco reported sales of $349.06 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The company is scheduled to announce its next earnings report on Monday, January 29th.

According to Zacks, analysts expect that Graco will report full-year sales of $366.99 million for the current year, with estimates ranging from $1.46 billion to $1.48 billion. For the next financial year, analysts forecast that the business will post sales of $1.54 billion per share, with estimates ranging from $1.53 billion to $1.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Graco.

Graco (NYSE:GGG) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.09. The firm had revenue of $379.81 million during the quarter, compared to analysts’ expectations of $356.30 million. Graco had a return on equity of 42.05% and a net margin of 7.72%. The company’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 earnings per share.

A number of analysts recently issued reports on the stock. B. Riley reissued a “neutral” rating on shares of Graco in a report on Wednesday, November 1st. FBR & Co set a $140.00 target price on shares of Graco and gave the stock a “hold” rating in a research report on Thursday, October 26th. Robert W. Baird reissued a “hold” rating and set a $129.00 target price on shares of Graco in a research report on Wednesday, October 4th. BidaskClub raised Graco from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research lowered Graco from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Eleven research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $116.75.

In other news, VP David M. Ahlers sold 22,500 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $120.01, for a total transaction of $2,700,225.00. Following the transaction, the vice president now owns 42,047 shares in the company, valued at $5,046,060.47. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric Etchart sold 757 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $119.20, for a total value of $90,234.40. Following the transaction, the director now owns 12,464 shares in the company, valued at approximately $1,485,708.80. The disclosure for this sale can be found here. Insiders have sold 734,018 shares of company stock valued at $19,672,731 over the last ninety days. 5.70% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of GGG. Advisors Asset Management Inc. raised its position in Graco by 106.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,123 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 578 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in Graco by 200.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 800 shares during the period. Fiduciary Trust Co. bought a new stake in Graco during the 2nd quarter valued at $180,000. Mosaic Family Wealth LLC raised its holdings in Graco by 5.1% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,880 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 91 shares during the period. Finally, HM Payson & Co. bought a new stake in Graco during the 2nd quarter valued at $207,000. 86.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Graco (NYSE GGG) opened at $131.59 on Friday. The stock has a market cap of $7,400.18, a PE ratio of 28.79, a price-to-earnings-growth ratio of 2.88 and a beta of 1.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.23 and a quick ratio of 1.46. Graco has a 52-week low of $80.75 and a 52-week high of $134.11.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Monday, October 16th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.09%. Graco’s payout ratio is 75.79%.

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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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