Graco (NYSE:GGG) Given Daily Coverage Optimism Score of 0.18
News coverage about Graco (NYSE:GGG) has trended somewhat positive on Friday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Graco earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.184972830637 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Burgundy Asset Management Ltd. Decreases Its Holdings in Graco Inc. (GGG) Stock Last Quarter (highlightpress.com)
- ETFs with exposure to Graco, Inc. : August 11, 2017 (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Graco Inc. (finance.yahoo.com)
- Graco Inc. (NYSE:GGG) Expected to Post Quarterly Sales of $355.12 Million (americanbankingnews.com)
- Ampco-Pittsburgh Corporation (AP) versus Graco (GGG) Head-To-Head Analysis (americanbankingnews.com)
Graco (NYSE:GGG) traded up 0.17% during trading on Friday, hitting $112.66. The company had a trading volume of 194,625 shares. The company’s 50 day moving average price is $110.78 and its 200-day moving average price is $102.35. The company has a market cap of $6.31 billion, a PE ratio of 71.48 and a beta of 1.25. Graco has a 12 month low of $69.33 and a 12 month high of $116.75.
Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.32. The firm had revenue of $379.50 million for the quarter, compared to analyst estimates of $369.36 million. Graco had a net margin of 21.04% and a return on equity of 52.55%. Graco’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. Equities analysts expect that Graco will post $4.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Monday, July 17th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $1.44 annualized dividend and a yield of 1.28%. Graco’s dividend payout ratio (DPR) is 92.90%.
A number of equities analysts recently issued reports on the company. Wolfe Research reissued a “market perform” rating on shares of Graco in a report on Tuesday, August 1st. BidaskClub lowered Graco from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research lowered Graco from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Royal Bank Of Canada reissued a “hold” rating and set a $104.00 price target on shares of Graco in a report on Friday, April 28th. Finally, FBR & Co reissued a “marketperform” rating on shares of Graco in a report on Tuesday, July 11th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $106.20.
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In related news, Director Eric Etchart sold 793 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $113.90, for a total transaction of $90,322.70. Following the sale, the director now owns 11,224 shares in the company, valued at $1,278,413.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jeffrey P. Johnson sold 28,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $113.00, for a total transaction of $3,164,000.00. Following the sale, the vice president now owns 42,213 shares in the company, valued at approximately $4,770,069. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,021 shares of company stock worth $6,484,484. 5.70% of the stock is owned by company insiders.
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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