News headlines about Graco (NYSE:GGG) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Graco earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.6127322414103 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s rankings:
GGG has been the topic of several recent analyst reports. FBR & Co reiterated a “marketperform” rating on shares of Graco in a report on Tuesday, July 11th. Wolfe Research upgraded shares of Graco from an “underperform” rating to a “peer perform” rating and set a $100.00 price objective on the stock in a report on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating on shares of Graco in a report on Friday, July 28th. BidaskClub upgraded shares of Graco from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of Graco from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Monday, July 31st. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $116.75.
Shares of Graco (GGG) opened at 132.87 on Friday. Graco has a 52 week low of $73.40 and a 52 week high of $134.11. The company’s 50-day moving average is $122.84 and its 200 day moving average is $112.90. The stock has a market capitalization of $7.44 billion, a P/E ratio of 84.31 and a beta of 1.25.
Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.09. Graco had a return on equity of 42.05% and a net margin of 7.72%. The firm had revenue of $379.81 million during the quarter, compared to analyst estimates of $356.30 million. During the same period in the prior year, the company posted $0.95 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, equities analysts forecast that Graco will post $4.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.08%. Graco’s dividend payout ratio (DPR) is presently 75.79%.
In other Graco news, VP David M. Ahlers sold 22,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $120.01, for a total transaction of $2,700,225.00. Following the transaction, the vice president now owns 42,047 shares in the company, valued at $5,046,060.47. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider David M. Lowe sold 30,000 shares of Graco stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $115.50, for a total value of $3,465,000.00. Following the transaction, the insider now owns 164,809 shares in the company, valued at approximately $19,035,439.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 132,516 shares of company stock valued at $6,359,179. 5.70% of the stock is currently owned by corporate insiders.
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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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