Zacks Research Estimates Graco’s FY2027 Earnings (NYSE:GGG)

Graco Inc. (NYSE:GGG) – Investment analysts at Zacks Research upped their FY2027 earnings per share (EPS) estimates for shares of Graco in a note issued to investors on Wednesday, August 12th. Zacks Research analyst Team now expects that the industrial products company will earn $3.45 per share for the year, up from their prior estimate of $3.36. The consensus estimate for Graco’s current full-year earnings is $3.26 per share. Zacks Research also issued estimates for Graco’s Q4 2027 earnings at $0.98 EPS and FY2028 earnings at $3.90 EPS.

A number of other research analysts have also weighed in on GGG. Weiss Ratings raised shares of Graco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Royal Bank Of Canada lifted their price target on Graco from $92.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Wolfe Research lowered Graco from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. DA Davidson restated a “neutral” rating and issued a $85.00 price objective on shares of Graco in a research note on Monday, July 27th. Finally, Robert W. Baird set a $94.00 price target on shares of Graco in a report on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $95.00.

Graco Stock Down 0.3%

NYSE:GGG opened at $82.23 on Friday. The company’s 50 day moving average is $76.92 and its 200-day moving average is $82.22. Graco has a 12 month low of $72.51 and a 12 month high of $95.69. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 25.86, a P/E/G ratio of 2.53 and a beta of 0.92.

Graco (NYSE:GGG) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.10. The firm had revenue of $590.55 million during the quarter, compared to analyst estimates of $608.06 million. Graco had a return on equity of 19.54% and a net margin of 23.53%.The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS.

Institutional Investors Weigh In On Graco

Several institutional investors and hedge funds have recently made changes to their positions in the company. D.B. Root & Company LLC bought a new stake in shares of Graco in the 2nd quarter worth about $960,000. Cibc World Market Inc. bought a new position in shares of Graco in the second quarter valued at approximately $447,000. Osbon Capital Management LLC bought a new position in Graco during the 2nd quarter worth about $102,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Graco during the second quarter worth about $1,925,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Graco during the second quarter worth about $644,000. Institutional investors and hedge funds own 93.88% of the company’s stock.

Graco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, July 20th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, July 20th. Graco’s dividend payout ratio is 37.11%.

About Graco

Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco’s solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company’s product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.