FY2025 Earnings Estimate for Graco Issued By William Blair

Graco Inc. (NYSE:GGG) – Research analysts at William Blair upped their FY2025 earnings per share estimates for Graco in a report released on Thursday, October 23rd. William Blair analyst R. Sparenblek now anticipates that the industrial products company will earn $3.06 per share for the year, up from their previous forecast of $3.00. The consensus estimate for Graco’s current full-year earnings is $3.06 per share.

GGG has been the topic of several other research reports. Weiss Ratings cut Graco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. KeyCorp reiterated a “sector weight” rating on shares of Graco in a research report on Thursday. Finally, Robert W. Baird set a $89.00 price target on Graco in a research report on Friday. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.00.

Graco Stock Down 0.4%

Shares of NYSE GGG opened at $82.06 on Monday. The stock’s 50 day moving average price is $84.29 and its two-hundred day moving average price is $84.29. Graco has a 52-week low of $72.06 and a 52-week high of $92.86. The stock has a market capitalization of $13.61 billion, a P/E ratio of 28.01, a PEG ratio of 2.77 and a beta of 1.07.

Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Graco had a net margin of 22.72% and a return on equity of 18.89%. The firm had revenue of $543.36 million for the quarter, compared to analyst estimates of $563.07 million. During the same quarter in the previous year, the company earned $0.71 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year.

Graco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Monday, October 20th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, October 20th. Graco’s dividend payout ratio is 37.54%.

Hedge Funds Weigh In On Graco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PineStone Asset Management Inc. grew its holdings in Graco by 9.1% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,372 shares of the industrial products company’s stock worth $336,261,000 after buying an additional 326,877 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Graco by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 2,390,940 shares of the industrial products company’s stock worth $199,667,000 after buying an additional 62,761 shares in the last quarter. Amundi grew its holdings in Graco by 12.6% in the 2nd quarter. Amundi now owns 2,023,761 shares of the industrial products company’s stock worth $179,083,000 after buying an additional 226,284 shares in the last quarter. Norges Bank bought a new position in Graco in the 2nd quarter worth approximately $170,661,000. Finally, Invesco Ltd. grew its holdings in Graco by 1.6% in the 1st quarter. Invesco Ltd. now owns 1,828,962 shares of the industrial products company’s stock worth $152,737,000 after buying an additional 28,795 shares in the last quarter. 93.88% of the stock is owned by institutional investors.

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. 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.