Graco (GGG) Getting Somewhat Favorable Press Coverage, Analysis Finds

Media coverage about Graco (NYSE:GGG) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Graco earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.1123924162972 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern’s analysis:

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Shares of NYSE GGG traded down $0.23 during midday trading on Thursday, reaching $46.96. The stock had a trading volume of 408,451 shares, compared to its average volume of 756,576. The company has a market capitalization of $7,938.37, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 2.81 and a beta of 1.15. Graco has a twelve month low of $31.51 and a twelve month high of $49.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.67 and a current ratio of 2.70.

Graco (NYSE:GGG) last issued its quarterly earnings results on Monday, January 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The firm had revenue of $374.90 million during the quarter, compared to analyst estimates of $369.53 million. Graco had a return on equity of 40.08% and a net margin of 17.12%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. analysts forecast that Graco will post 1.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 2nd. Stockholders of record on Monday, April 16th will be given a $0.1325 dividend. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.13%. Graco’s dividend payout ratio (DPR) is currently 37.06%.

Several equities research analysts recently commented on GGG shares. Zacks Investment Research upgraded shares of Graco from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Saturday, February 3rd. Deutsche Bank upgraded shares of Graco from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Tuesday, January 23rd. Royal Bank of Canada reiterated a “hold” rating and set a $49.00 target price on shares of Graco in a research report on Thursday, January 4th. Oppenheimer reiterated a “hold” rating on shares of Graco in a research report on Thursday, December 28th. Finally, SunTrust Banks reiterated a “hold” rating and set a $45.00 target price on shares of Graco in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $47.41.

In other news, Director William J. Carroll sold 26,625 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $46.67, for a total value of $1,242,588.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Karen Park Gallivan sold 27,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $48.34, for a total transaction of $1,305,180.00. Following the completion of the transaction, the vice president now owns 72,305 shares in the company, valued at approximately $3,495,223.70. The disclosure for this sale can be found here. Insiders sold a total of 63,564 shares of company stock worth $2,965,505 in the last 90 days. Corporate insiders own 5.10% of the company’s stock.

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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 worldwide. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.

Insider Buying and Selling by Quarter for Graco (NYSE:GGG)

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