DA Davidson Forecasts Graco's Q1 Earnings (NYSE:GGG)

Graco Inc. (NYSE:GGG - Free Report) - Analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Graco in a report issued on Friday, January 31st. DA Davidson analyst M. Summerville expects that the industrial products company will post earnings per share of $0.67 for the quarter. The consensus estimate for Graco's current full-year earnings is $3.06 per share.

A number of other equities analysts have also weighed in on GGG. Robert W. Baird decreased 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. BNP Paribas upgraded shares of Graco from a "neutral" rating to an "outperform" rating and set a $105.00 target price for the company in a report on Thursday, December 19th. Finally, Royal Bank of Canada boosted their price target on shares of Graco from $93.00 to $97.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Graco has a consensus rating of "Hold" and a consensus price target of $91.50.

Graco Price Performance

Shares of NYSE:GGG traded down $0.35 on Monday, reaching $84.26. 874,155 shares of the company traded hands, compared to its average volume of 809,856. The stock has a market capitalization of $14.23 billion, a PE ratio of 29.88, a P/E/G ratio of 2.75 and a beta of 0.84. The company's 50 day moving average is $85.44 and its 200-day moving average is $84.68. Graco has a fifty-two week low of $77.49 and a fifty-two week high of $94.77.

Graco (NYSE:GGG - Get Free Report) last released its earnings results on Monday, January 27th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.13). Graco had a net margin of 23.00% and a return on equity of 19.38%.

Graco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, January 20th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, January 17th. This is a boost from Graco's previous quarterly dividend of $0.26. Graco's payout ratio is 39.01%.

Insider Activity

In other Graco news, insider Peter J. O'shea sold 18,075 shares of the company's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $88.76, for a total value of $1,604,337.00. Following the transaction, the insider now directly owns 14,516 shares of the company's stock, valued at $1,288,440.16. This represents a 55.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Caroline M. Chambers sold 8,280 shares of Graco stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $90.57, for a total value of $749,919.60. Following the sale, the insider now owns 57,612 shares of the company's stock, valued at approximately $5,217,918.84. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,882 shares of company stock worth $2,492,145 in the last 90 days. Company insiders own 2.63% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Disciplined Growth Investors Inc. MN increased its position in Graco by 3.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 419,942 shares of the industrial products company's stock worth $36,749,000 after buying an additional 13,876 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Graco by 254.8% during the 3rd quarter. Natixis Advisors LLC now owns 195,533 shares of the industrial products company's stock valued at $17,111,000 after acquiring an additional 140,417 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Graco by 2.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 328,306 shares of the industrial products company's stock valued at $28,730,000 after acquiring an additional 8,485 shares in the last quarter. Canoe Financial LP lifted its holdings in Graco by 359.2% in the 4th quarter. Canoe Financial LP now owns 640,474 shares of the industrial products company's stock worth $53,986,000 after purchasing an additional 501,003 shares during the last quarter. Finally, KBC Group NV boosted its position in Graco by 25.8% during the third quarter. KBC Group NV now owns 31,991 shares of the industrial products company's stock worth $2,800,000 after purchasing an additional 6,571 shares during the period. Institutional investors own 93.88% of the company's stock.

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.