Equities analysts expect Graco Inc. (NYSE:GGG) to report $369.34 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Graco’s earnings, with the lowest sales estimate coming in at $354.48 million and the highest estimate coming in at $381.14 million. Graco reported sales of $340.59 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.4%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Graco will report full year sales of $369.34 million for the current financial year, with estimates ranging from $1.55 billion to $1.64 billion. For the next year, analysts expect that the business will report sales of $1.67 billion per share, with estimates ranging from $1.62 billion to $1.73 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Graco.
Graco (NYSE:GGG) last issued its quarterly earnings results on Monday, January 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The business had revenue of $374.90 million for the quarter, compared to the consensus estimate of $369.53 million. Graco had a net margin of 17.12% and a return on equity of 40.08%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS.
Shares of Graco (NYSE GGG) opened at $46.54 on Tuesday. The stock has a market capitalization of $7,840.00, a PE ratio of 28.21, a PEG ratio of 2.50 and a beta of 1.17. The company has a current ratio of 2.70, a quick ratio of 1.67 and a debt-to-equity ratio of 0.31. Graco has a 12-month low of $30.59 and a 12-month high of $49.69.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 2nd. Investors of record on Monday, April 16th will be given a $0.1325 dividend. The ex-dividend date is Friday, April 13th. This represents a $0.53 dividend on an annualized basis and a yield of 1.14%. Graco’s payout ratio is 32.12%.
In related news, VP Caroline M. Chambers sold 9,939 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.03, for a total value of $417,736.17. Following the completion of the sale, the vice president now owns 30,615 shares in the company, valued at approximately $1,286,748.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Karen Park Gallivan sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $132.00, for a total value of $1,980,000.00. Following the completion of the sale, the vice president now owns 30,060 shares of the company’s stock, valued at approximately $3,967,920. The disclosure for this sale can be found here. Insiders sold a total of 91,689 shares of company stock valued at $6,646,134 in the last 90 days. 5.70% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its stake in Graco by 6.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 7,211 shares of the industrial products company’s stock worth $892,000 after purchasing an additional 413 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Graco in the 3rd quarter worth approximately $778,000. Principal Financial Group Inc. increased its stake in Graco by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 241,492 shares of the industrial products company’s stock worth $29,870,000 after purchasing an additional 1,241 shares during the period. Ballentine Partners LLC purchased a new position in Graco in the 3rd quarter worth approximately $210,000. Finally, CIBC Asset Management Inc purchased a new position in Graco in the 3rd quarter worth approximately $234,000. Institutional investors own 86.39% of the company’s stock.
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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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