Graco (GGG) Earning Somewhat Critical News Coverage, Analysis Shows
Press coverage about Graco (NYSE:GGG) has trended somewhat negative on Saturday, AlphaOne reports. The research group, a division of Accern, scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Graco earned a daily sentiment score of -0.07 on AlphaOne’s scale. AlphaOne also gave media headlines about the industrial products company an impact score of 94 out of 100, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the immediate future.
GGG has been the topic of several analyst reports. TheStreet raised Graco from a “c+” rating to a “b+” rating in a research report on Thursday, April 27th. Royal Bank Of Canada reissued a “hold” rating and set a $104.00 target price on shares of Graco in a research report on Friday, April 28th. Zacks Investment Research raised Graco from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Wednesday, April 5th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $110.00 target price (up previously from $105.00) on shares of Graco in a research report on Monday, June 5th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $97.40.
Graco (NYSE:GGG) traded up 0.70% during trading on Friday, hitting $112.99. The stock had a trading volume of 417,801 shares. Graco has a 12 month low of $69.33 and a 12 month high of $114.52. The company has a market cap of $6.28 billion, a PE ratio of 105.40 and a beta of 1.17. The company’s 50 day moving average is $110.61 and its 200-day moving average is $95.05.
Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.30. Graco had a return on equity of 35.25% and a net margin of 4.53%. The firm had revenue of $340.59 million for the quarter, compared to the consensus estimate of $315.62 million. During the same quarter last year, the business posted $0.70 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts predict that Graco will post $4.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Monday, July 17th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.27%. Graco’s payout ratio is 135.85%.
In related news, VP Peter J. O’shea sold 15,986 shares of Graco stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $113.50, for a total transaction of $1,814,411.00. Following the transaction, the vice president now owns 20,638 shares in the company, valued at $2,342,413. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eric Etchart sold 302 shares of Graco stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $98.20, for a total value of $29,656.40. Following the transaction, the director now owns 8,917 shares in the company, valued at approximately $875,649.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 689,172 shares of company stock worth $16,070,548. 5.70% of the stock is currently owned by company insiders.
Graco Company Profile
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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