Graco Inc. (NYSE:GGG) – Analysts at William Blair lowered their Q1 2019 earnings per share (EPS) estimates for Graco in a research report issued to clients and investors on Tuesday, January 29th. William Blair analyst N. Heymann now forecasts that the industrial products company will post earnings per share of $0.49 for the quarter, down from their previous forecast of $0.51. William Blair also issued estimates for Graco’s Q4 2019 earnings at $0.44 EPS and FY2020 earnings at $2.18 EPS.
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Graco (NYSE:GGG) last posted its quarterly earnings results on Monday, January 28th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $406.40 million for the quarter, compared to analysts’ expectations of $404.14 million. Graco had a return on equity of 43.67% and a net margin of 20.63%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share.
Several other equities analysts have also recently weighed in on the stock. SunTrust Banks reiterated a “hold” rating and set a $45.00 price objective on shares of Graco in a research report on Monday, October 29th. Royal Bank of Canada reiterated a “hold” rating and set a $45.00 price objective on shares of Graco in a research report on Wednesday, December 19th. Oppenheimer reiterated a “hold” rating on shares of Graco in a research report on Monday, October 29th. Jefferies Financial Group started coverage on shares of Graco in a research report on Friday, January 25th. They set a “hold” rating and a $46.00 price objective on the stock. Finally, Seaport Global Securities reiterated a “hold” rating on shares of Graco in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.20.
NYSE GGG opened at $43.33 on Thursday. Graco has a twelve month low of $37.36 and a twelve month high of $48.33. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.71 and a current ratio of 2.41. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 2.20 and a beta of 1.11.
Several institutional investors have recently bought and sold shares of GGG. Intercontinental Wealth Advisors LLC purchased a new position in shares of Graco during the 4th quarter valued at $61,000. Moody National Bank Trust Division purchased a new position in shares of Graco during the 4th quarter valued at $73,000. First Hawaiian Bank grew its holdings in shares of Graco by 633.2% during the 4th quarter. First Hawaiian Bank now owns 1,789 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 1,545 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Graco by 76.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,229 shares of the industrial products company’s stock valued at $177,000 after acquiring an additional 1,838 shares in the last quarter. Finally, Hengehold Capital Management LLC purchased a new position in shares of Graco during the 3rd quarter valued at $202,000. Institutional investors and hedge funds own 85.33% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Tuesday, January 22nd will be issued a dividend of $0.16 per share. This is a boost from Graco’s previous quarterly dividend of $0.13. This represents a $0.64 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, January 18th. Graco’s payout ratio is currently 34.04%.
Graco Company Profile
Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.
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