Analysts Set Expectations for Graco’s Q2 Earnings (NYSE:GGG)

Graco Inc. (NYSE:GGG) – Analysts at Zacks Research cut their Q2 2027 earnings estimates for shares of Graco in a research report issued on Tuesday, November 11th. Zacks Research analyst Team now expects that the industrial products company will earn $0.89 per share for the quarter, down from their previous estimate of $0.90. The consensus estimate for Graco’s current full-year earnings is $3.06 per share.

Graco (NYSE:GGG) last issued its earnings results 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). The firm had revenue of $543.36 million during the quarter, compared to analysts’ expectations of $563.07 million. Graco had a return on equity of 18.89% and a net margin of 22.72%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of Graco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. KeyCorp reissued a “sector weight” rating on shares of Graco in a report on Thursday, October 23rd. Finally, Robert W. Baird set a $89.00 price objective on Graco in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

Graco Stock Performance

Shares of GGG traded up $0.01 on Thursday, hitting $82.54. 256,390 shares of the stock traded hands, compared to its average volume of 801,023. Graco has a one year low of $72.06 and a one year high of $92.86. The company has a market capitalization of $13.68 billion, a PE ratio of 28.15, a P/E/G ratio of 2.71 and a beta of 1.08. The business has a 50 day simple moving average of $83.28 and a 200 day simple moving average of $84.50.

Graco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Monday, October 20th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, October 20th. Graco’s dividend payout ratio (DPR) is currently 37.54%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PineStone Asset Management Inc. increased its position in Graco by 9.1% in the second quarter. PineStone Asset Management Inc. now owns 3,911,372 shares of the industrial products company’s stock worth $336,261,000 after purchasing an additional 326,877 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Graco by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,458,857 shares of the industrial products company’s stock valued at $208,908,000 after buying an additional 75,285 shares in the last quarter. Amundi lifted its holdings in shares of Graco by 12.6% in the 2nd quarter. Amundi now owns 2,023,761 shares of the industrial products company’s stock valued at $179,083,000 after acquiring an additional 226,284 shares during the last quarter. Norges Bank purchased a new position in Graco in the second quarter worth about $170,661,000. Finally, Invesco Ltd. increased its stake in Graco by 1.6% during the first quarter. Invesco Ltd. now owns 1,828,962 shares of the industrial products company’s stock worth $152,737,000 after acquiring an additional 28,795 shares during the last quarter. 93.88% of the stock is currently 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.