News headlines about Graco (NYSE:GGG) have trended positive on Thursday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Graco earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.3009957614134 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Graco from a “buy” rating to a “hold” rating in a research report on Thursday, April 26th. DA Davidson assumed coverage on shares of Graco in a research report on Thursday, April 12th. They set a “neutral” rating and a $48.00 target price on the stock. Finally, ValuEngine upgraded shares of Graco from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Eleven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $47.30.
Shares of NYSE GGG opened at $44.93 on Thursday. Graco has a fifty-two week low of $34.89 and a fifty-two week high of $49.69. The company has a market capitalization of $7.55 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14. The company has a current ratio of 2.55, a quick ratio of 1.60 and a debt-to-equity ratio of 0.39.
Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.07. Graco had a net margin of 17.99% and a return on equity of 41.12%. The business had revenue of $406.30 million for the quarter, compared to analyst estimates of $369.61 million. During the same period in the prior year, the business posted $1.05 earnings per share. Graco’s revenue was up 19.3% compared to the same quarter last year. research analysts predict that Graco will post 1.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Sunday, July 15th will be issued a $0.1325 dividend. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $0.53 annualized dividend and a yield of 1.18%. Graco’s dividend payout ratio is currently 37.06%.
In other Graco news, Director Eric Etchart sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $43.83, for a total value of $657,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick J. Mchale sold 221,670 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $45.13, for a total transaction of $10,003,967.10. Following the completion of the sale, the insider now directly owns 453,931 shares of the company’s stock, valued at approximately $20,485,906.03. The disclosure for this sale can be found here. Insiders sold 347,204 shares of company stock worth $15,838,068 over the last 90 days. 5.10% of the stock is currently owned by company insiders.
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.
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