Graco (GGG) Projected to Post Earnings on Monday

Graco (NYSE:GGG) is expected to be announcing its earnings results after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $0.77 per share and revenue of $552,190.00 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The business had revenue of $519.21 million during the quarter, compared to the consensus estimate of $538.19 million. Graco had a net margin of 22.87% and a return on equity of 21.24%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 EPS. On average, analysts expect Graco to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Graco Stock Down 0.5 %

NYSE GGG opened at $85.62 on Friday. The stock has a fifty day simple moving average of $86.55 and a 200 day simple moving average of $84.57. Graco has a twelve month low of $77.49 and a twelve month high of $94.77. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.81 and a beta of 0.84.

Graco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Monday, January 20th will be issued a $0.275 dividend. This is a positive change from Graco’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, January 17th. This represents a $1.10 annualized dividend and a yield of 1.28%. Graco’s payout ratio is presently 38.87%.

Wall Street Analysts Forecast Growth

GGG has been the subject of a number of analyst reports. Robert W. Baird lowered their price target on Graco from $88.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada increased their price objective on Graco from $93.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, BNP Paribas raised shares of Graco from a “neutral” rating to an “outperform” rating and set a $105.00 price objective for the company in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $91.50.

Insider Buying and Selling at Graco

In related news, insider Peter J. O’shea sold 18,075 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $88.76, for a total value of $1,604,337.00. Following the completion of the sale, the insider now owns 14,516 shares in the company, valued at $1,288,440.16. This represents a 55.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Caroline M. Chambers sold 8,280 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $90.57, for a total transaction of $749,919.60. Following the completion of the sale, the insider now owns 57,612 shares of the company’s stock, valued at $5,217,918.84. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,098 shares of company stock worth $2,776,150. 2.63% of the stock is owned by insiders.

About Graco

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.