Equities research analysts forecast that Graco Inc. (NYSE:GGG) will post sales of $355.12 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Graco’s earnings. The highest sales estimate is $360.20 million and the lowest is $350.00 million. Graco posted sales of $327.19 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The business is expected to announce its next quarterly earnings report on Wednesday, October 18th.

According to Zacks, analysts expect that Graco will report full-year sales of $355.12 million for the current financial year, with estimates ranging from $1.42 billion to $1.45 billion. For the next year, analysts forecast that the company will post sales of $1.51 billion per share, with estimates ranging from $1.47 billion to $1.53 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Graco.

Graco (NYSE:GGG) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.32. Graco had a net margin of 6.50% and a return on equity of 40.21%. The firm had revenue of $379.50 million during the quarter, compared to the consensus estimate of $369.36 million. During the same quarter last year, the firm earned $0.89 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.

Several equities analysts have weighed in on the stock. Wolfe Research reiterated a “market perform” rating on shares of Graco in a report on Tuesday, August 1st. BidaskClub lowered shares of Graco from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research lowered shares of Graco from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Royal Bank Of Canada reiterated a “hold” rating and issued a $104.00 target price on shares of Graco in a report on Friday, April 28th. Finally, FBR & Co reiterated a “marketperform” rating on shares of Graco in a report on Tuesday, July 11th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $106.20.

In other news, VP Karen Park Gallivan sold 12,242 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $115.00, for a total value of $1,407,830.00. Following the transaction, the vice president now directly owns 27,264 shares in the company, valued at approximately $3,135,360. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eric Etchart sold 793 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $113.90, for a total transaction of $90,322.70. Following the completion of the transaction, the director now owns 11,224 shares in the company, valued at $1,278,413.60. The disclosure for this sale can be found here. Insiders sold a total of 129,021 shares of company stock worth $6,484,484 over the last quarter. 5.70% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Teachers Advisors LLC raised its position in shares of Graco by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 58,189 shares of the industrial products company’s stock valued at $4,835,000 after buying an additional 2,950 shares in the last quarter. Creative Planning raised its position in shares of Graco by 5.4% in the first quarter. Creative Planning now owns 1,496 shares of the industrial products company’s stock valued at $141,000 after buying an additional 76 shares in the last quarter. WCM Investment Management CA raised its position in shares of Graco by 9.9% in the first quarter. WCM Investment Management CA now owns 3,620 shares of the industrial products company’s stock valued at $341,000 after buying an additional 325 shares in the last quarter. Bank of Montreal Can raised its position in shares of Graco by 6.0% in the first quarter. Bank of Montreal Can now owns 68,005 shares of the industrial products company’s stock valued at $6,403,000 after buying an additional 3,861 shares in the last quarter. Finally, CrestPoint Capital Management LLC bought a new position in shares of Graco during the first quarter valued at approximately $245,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Graco (NYSE:GGG) opened at 114.26 on Thursday. The company has a 50 day moving average of $110.68 and a 200-day moving average of $102.09. Graco has a one year low of $69.33 and a one year high of $116.75. The company has a market cap of $6.40 billion, a P/E ratio of 72.50 and a beta of 1.25.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Monday, July 17th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $1.44 annualized dividend and a yield of 1.26%. Graco’s payout ratio is 92.90%.

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About Graco

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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Earnings History and Estimates for Graco (NYSE:GGG)

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