Equities analysts expect Graco Inc. (NYSE:GGG) to announce sales of $369.34 million for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Graco’s earnings, with the lowest sales estimate coming in at $354.48 million and the highest estimate coming in at $381.14 million. Graco reported sales of $340.59 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.4%. The business is scheduled to announce its next earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Graco will report full-year sales of $369.34 million for the current year, with estimates ranging from $1.55 billion to $1.64 billion. For the next year, analysts expect that the business will report sales of $1.67 billion per share, with estimates ranging from $1.62 billion to $1.73 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Graco.

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Graco (NYSE:GGG) last released its quarterly earnings data on Monday, January 29th. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Graco had a net margin of 17.12% and a return on equity of 40.08%. The business had revenue of $374.90 million for the quarter, compared to analysts’ expectations of $369.53 million. During the same period last year, the business earned $1.00 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis.

GGG has been the topic of several recent analyst reports. Zacks Investment Research raised Graco from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Saturday, February 3rd. Deutsche Bank raised Graco from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Tuesday, January 23rd. Royal Bank of Canada reaffirmed a “hold” rating and set a $49.00 price objective on shares of Graco in a research report on Thursday, January 4th. Oppenheimer reaffirmed a “hold” rating on shares of Graco in a research report on Thursday, December 28th. Finally, B. Riley reaffirmed a “hold” rating and set a $46.67 price objective on shares of Graco in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Graco presently has an average rating of “Hold” and an average target price of $47.33.

In other Graco news, VP Caroline M. Chambers sold 9,939 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.03, for a total value of $417,736.17. Following the transaction, the vice president now directly owns 30,615 shares of the company’s stock, valued at $1,286,748.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Karen Park Gallivan sold 27,000 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $46.67, for a total value of $1,260,090.00. Following the completion of the transaction, the vice president now directly owns 72,305 shares in the company, valued at $3,374,474.35. The disclosure for this sale can be found here. Insiders sold 90,564 shares of company stock worth $4,225,595 over the last three months. Insiders own 5.70% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Graco by 213.0% in the fourth quarter. BlackRock Inc. now owns 14,002,690 shares of the industrial products company’s stock worth $633,202,000 after purchasing an additional 9,529,107 shares during the last quarter. Atlanta Capital Management Co. L L C boosted its position in Graco by 171.7% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 3,907,999 shares of the industrial products company’s stock worth $176,720,000 after purchasing an additional 2,469,513 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Graco by 162.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 3,025,330 shares of the industrial products company’s stock worth $136,805,000 after purchasing an additional 1,872,855 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Graco by 190.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,578,707 shares of the industrial products company’s stock worth $116,609,000 after buying an additional 1,689,416 shares during the period. Finally, Confluence Investment Management LLC raised its stake in shares of Graco by 195.2% in the fourth quarter. Confluence Investment Management LLC now owns 2,347,351 shares of the industrial products company’s stock worth $106,147,000 after buying an additional 1,552,175 shares during the period. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Graco stock traded up $0.21 during trading on Tuesday, hitting $46.59. The company had a trading volume of 1,449,763 shares, compared to its average volume of 675,924. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.67. Graco has a 12 month low of $30.59 and a 12 month high of $49.69. The stock has a market capitalization of $7,894.30, a PE ratio of 32.06, a PEG ratio of 2.49 and a beta of 1.17.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Monday, April 16th will be given a $0.1325 dividend. The ex-dividend date is Friday, April 13th. This represents a $0.53 annualized dividend and a yield of 1.14%. Graco’s payout ratio is 36.47%.

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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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Earnings History and Estimates for Graco (NYSE:GGG)

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