Zacks Research Issues Positive Forecast for Graco Earnings

Graco Inc. (NYSE:GGG) – Stock analysts at Zacks Research raised their Q1 2027 EPS estimates for Graco in a research note issued on Thursday, November 12th. Zacks Research analyst Team now forecasts that the industrial products company will earn $0.76 per share for the quarter, up from their prior forecast of $0.75. The consensus estimate for Graco’s current full-year earnings is $3.20 per share. Zacks Research also issued estimates for Graco’s Q2 2027 earnings at $0.90 EPS, Q3 2027 earnings at $0.85 EPS, Q2 2028 earnings at $0.89 EPS and Q3 2028 earnings at $0.87 EPS.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.02). Graco had a net margin of 22.40% and a return on equity of 20.13%. The business had revenue of $586.39 million during the quarter, compared to analysts’ expectations of $590.17 million. During the same period in the previous year, the business posted $0.73 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year.

Several other brokerages have also recently commented on GGG. BNP Paribas Exane decreased their price target on shares of Graco from $95.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, October 23rd. Robert W. Baird set a $80.00 price objective on Graco in a research note on Friday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Graco in a report on Monday, November 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $82.00 target price (down from $95.00) on shares of Graco in a report on Friday, October 23rd. Finally, DA Davidson reissued a “neutral” rating and set a $85.00 target price on shares of Graco in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Graco has a consensus rating of “Hold” and an average price target of $87.40.

Graco Price Performance

Shares of GGG opened at $72.44 on Friday. The company has a market cap of $11.62 billion, a P/E ratio of 23.29, a PEG ratio of 2.28 and a beta of 0.89. Graco has a fifty-two week low of $65.96 and a fifty-two week high of $95.69. The company has a quick ratio of 1.24, a current ratio of 2.12 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average price is $75.20 and its 200 day moving average price is $80.31.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Graco during the 2nd quarter worth approximately $1,396,470,000. Amundi increased its position in shares of Graco by 7.5% in the 2nd quarter. Amundi now owns 2,090,184 shares of the industrial products company’s stock valued at $158,039,000 after purchasing an additional 146,032 shares during the last quarter. Caisse de depot et placement du Quebec acquired a new stake in shares of Graco in the 2nd quarter valued at $141,667,000. First Trust Advisors LP raised its holdings in shares of Graco by 4.2% in the 1st quarter. First Trust Advisors LP now owns 1,535,923 shares of the industrial products company’s stock valued at $130,016,000 after purchasing an additional 61,706 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Graco during the 2nd quarter worth $100,157,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Graco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Monday, October 19th were issued a $0.2950 dividend. The ex-dividend date of this dividend was Monday, October 19th. This represents a $1.18 annualized dividend and a yield of 1.6%. Graco’s dividend payout ratio (DPR) is 37.94%.

Graco Company Profile

Graco Inc. designs, manufactures and markets equipment used to move, measure, control, dispense and spray fluid and coating materials. Its products include pumps, meters, fluid-handling systems and spray equipment used with paints, coatings, sealants, lubricants and other materials. The company serves customers in industrial and process markets, as well as contractors working in areas such as painting, building maintenance and surface preparation. Graco sells its products worldwide through a network that includes distributors and direct sales.