Graco Inc. (NYSE:GGG) is scheduled to be announcing its Q316 earnings results on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $331.66 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Graco (NYSE:GGG) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.11. The company earned $348.10 million during the quarter, compared to analyst estimates of $352.49 million. Graco had a net margin of 15.01% and a return on equity of 30.04%. Graco’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. On average, analysts expect Graco to post $3.37 EPS for the current fiscal year and $3.70 EPS for the next fiscal year.
Shares of Graco Inc. (NYSE:GGG) opened at 71.92 on Tuesday. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 21.20 and a beta of 1.51. The company has a 50-day moving average price of $73.38 and a 200 day moving average price of $77.40. Graco Inc. has a 52 week low of $63.05 and a 52 week high of $86.62.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Monday, October 17th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.32 annualized dividend and a yield of 1.84%. Graco’s dividend payout ratio (DPR) is presently 38.94%.
In other news, insider Patrick J. Mchale sold 11,500 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $74.19, for a total transaction of $853,185.00. Following the transaction, the insider now owns 142,230 shares in the company, valued at $10,552,043.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of Graco by 4.6% in the second quarter. Fifth Third Bancorp now owns 2,476 shares of the company’s stock worth $196,000 after buying an additional 110 shares during the period. Hsbc Holdings PLC raised its position in Graco by 1.4% in the second quarter. Hsbc Holdings PLC now owns 2,675 shares of the company’s stock worth $211,000 after buying an additional 36 shares during the period. Stonebridge Capital Advisors LLC raised its position in Graco by 13.1% in the second quarter. Stonebridge Capital Advisors LLC now owns 2,827 shares of the company’s stock worth $223,000 after buying an additional 327 shares during the period. O Shaughnessy Asset Management LLC bought a new position in Graco during the second quarter worth approximately $226,000. Finally, Advisor Group Inc. bought a new position in Graco during the second quarter worth approximately $313,000. Institutional investors own 90.53% of the company’s stock.
Several research analysts recently commented on the company. Zacks Investment Research cut Graco from a “hold” rating to a “sell” rating in a research report on Thursday, July 14th. William Blair cut Graco from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $89.00 to $78.00 in a research report on Thursday, July 21st. Finally, Deutsche Bank AG assumed coverage on Graco in a research report on Tuesday, September 6th. They issued a “hold” rating and a $83.00 price objective for the company. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Graco currently has a consensus rating of “Hold” and a consensus price target of $83.75.