Graco (GGG) – Research Analysts’ Weekly Ratings Changes

Graco (NYSE: GGG) has recently received a number of price target changes and ratings updates:

  • 2/3/2018 – Graco was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Graco Inc. is a leading provider of premium pumps and spray equipment for fluid handling in the construction, manufacturing, processing and maintenance industries. Headquartered in Minneapolis, Minnesota, Graco works closely with distributors around the world to offer innovative products that set the quality standard for spray finishing, paint circulation, lubrication, sealant and adhesives dispensing, process application, and contractor power equipment. These best-in-class products are manufactured in the U.S. and China and supplied through their distribution centers in Minnesota, Belgium, Japan, Korea, China and Australia. “
  • 1/31/2018 – Graco had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $45.00 price target on the stock.
  • 1/30/2018 – Graco had its price target raised by analysts at B. Riley from $47.00 to $50.00. They now have a “neutral” rating on the stock.
  • 1/23/2018 – Graco was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock.
  • 1/4/2018 – Graco was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Graco Inc., together with its subsidiaries, designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. It operates through three segments: Industrial, Process, and Contractor. The Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators etc. The Process segment offers pumps that move chemicals, water, wastewater, petroleum, food, and other fluids; pressure valves used in the oil and natural gas industry, other industrial processes, and research facilities etc. The Contractor segment offers sprayers that apply paint and texture to walls, other structures, and ceilings; and highly viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. “
  • 1/4/2018 – Graco had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $49.00 price target on the stock.
  • 12/28/2017 – Graco had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 12/27/2017 – Graco was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Graco Inc., together with its subsidiaries, designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. It operates through three segments: Industrial, Process, and Contractor. The Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators etc. The Process segment offers pumps that move chemicals, water, wastewater, petroleum, food, and other fluids; pressure valves used in the oil and natural gas industry, other industrial processes, and research facilities etc. The Contractor segment offers sprayers that apply paint and texture to walls, other structures, and ceilings; and highly viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. “
  • 12/20/2017 – Graco had its “hold” rating reaffirmed by analysts at B. Riley. They now have a $46.67 price target on the stock.
  • 12/15/2017 – Graco had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $47.67 price target on the stock.

Graco Inc. (NYSE GGG) remained flat at $$41.68 during trading hours on Monday. The stock had a trading volume of 41,611 shares, compared to its average volume of 849,289. The firm has a market capitalization of $7,018.50, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.23 and a beta of 1.15. Graco Inc. has a 1 year low of $29.70 and a 1 year high of $49.69. The company has a quick ratio of 1.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.31.

Graco (NYSE:GGG) last posted its quarterly earnings results on Monday, January 29th. The industrial products company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The firm had revenue of $374.90 million during the quarter, compared to analyst estimates of $369.53 million. Graco had a return on equity of 40.08% and a net margin of 17.12%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.00 earnings per share. analysts predict that Graco Inc. will post 1.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Monday, January 22nd were paid a $0.3975 dividend. This represents a $1.59 dividend on an annualized basis and a yield of 3.81%. This is an increase from Graco’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, January 19th. Graco’s dividend payout ratio (DPR) is 36.47%.

In related news, CFO Christian E. Rothe sold 12,750 shares of Graco stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $132.01, for a total value of $1,683,127.50. Following the completion of the transaction, the chief financial officer now directly owns 16,905 shares in the company, valued at $2,231,629.05. 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 27,000 shares of Graco stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $48.34, for a total value of $1,305,180.00. Following the completion of the transaction, the vice president now owns 72,305 shares of the company’s stock, valued at $3,495,223.70. The disclosure for this sale can be found here. Insiders sold 97,652 shares of company stock valued at $8,312,792 over the last quarter. Insiders own 5.70% of the company’s stock.

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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