Graco (GGG) Receives Daily Media Sentiment Rating of 0.11
Media coverage about Graco (NYSE:GGG) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Graco earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 48.2544457448221 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- Graco Inc. (GGG) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Graco Inc. (GGG) Director Sells $1,128,148.00 in Stock (americanbankingnews.com)
- Lennox International Inc. : Earnings Review and Free Research Report: Lennox Reported Record Revenue; Adjusted EPS Jumped 9% (4-traders.com)
- Graco Inc. (GGG) VP Sells $3,939,300.00 in Stock (americanbankingnews.com)
A number of equities analysts have recently issued reports on the stock. Wolfe Research reiterated a “market perform” rating on shares of Graco in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Graco from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Zacks Investment Research downgraded shares of Graco from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Robert W. Baird reiterated a “hold” rating and set a $135.00 price objective on shares of Graco in a research note on Friday, October 27th. Finally, KeyCorp reiterated a “hold” rating on shares of Graco in a research note on Friday, October 20th. Ten analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of $116.75.
Graco (NYSE GGG) opened at $132.11 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.46 and a current ratio of 2.23. Graco has a one year low of $73.64 and a one year high of $134.11. The stock has a market cap of $7,415.33, a P/E ratio of 28.84, a PEG ratio of 2.89 and a beta of 1.25.
Graco (NYSE:GGG) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.09. Graco had a net margin of 7.72% and a return on equity of 42.05%. The company had revenue of $379.81 million during the quarter, compared to analysts’ expectations of $356.30 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. Graco’s revenue for the quarter was up 16.1% compared to the same quarter last year. analysts predict that Graco will post 4.36 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Monday, October 16th were given a dividend of $0.36 per share. The ex-dividend date was Friday, October 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.09%. Graco’s payout ratio is 75.79%.
In related news, Director Lee R. Mitau sold 8,600 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $131.18, for a total transaction of $1,128,148.00. Following the completion of the sale, the director now owns 67,404 shares of the company’s stock, valued at $8,842,056.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mark W. Sheahan sold 30,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $131.31, for a total transaction of $3,939,300.00. Following the sale, the vice president now directly owns 49,538 shares of the company’s stock, valued at approximately $6,504,834.78. The disclosure for this sale can be found here. Insiders have sold 171,116 shares of company stock valued at $11,426,627 in the last three months. 5.70% of the stock is currently owned by corporate insiders.
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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