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Saturday, June 3, 2023

Is Graco Inc. (NYSE: GGG) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Graco Inc. (GGG) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $80.27. The Graco Inc. has recorded 10,454 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Graco Reports Record First Quarter Sales and Operating Earnings.

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Stocks Info

This NYSE-listed company operates within the Specialty Industrial Machinery industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $80.27 and fluctuated between $80.90 as its day high and $79.55 as its day low. The current market capitalization of Graco Inc. is $13.21B. A total of 1.15 million shares were traded on the day, compared to an average of 1.02M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, GGG has seen 5 BUY and 5 SELL insider trades, representing the acquisition of 84,120 and the disposition of 61,248 shares. Over the last 12 months, there were 19 BUYs and 14 SELLs from insiders. Insiders purchased 256,448 shares during that period but sold 366,927.

In the most recent transaction, LOWE DAVID M sold 31,128 shares of GGG for 70.17 per share on Feb 09. After the transaction, the CFO and Treasurer now owns 601,770 company shares. In a previous transaction on Feb 06, VAN SANT R WILLIAM sold 20,820 shares at 71.14 per share. GGG shares that Director owns now total 0.

Among the insiders who sold shares, Etchart Eric disposed of 6,000 shares on Feb 02 at a per-share price of $71.90. This resulted in the Director holding 31,597 shares of GGG after the transaction. In another insider transaction, Johnson Jeffrey P. sold 54,000 shares at $70.19 per share on Nov 23. Company shares held by the President, Electric Motor Div now total 30,482.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Graco Inc. pays an annual dividend of $0.94, resulting in a dividend yield of 1.17%, and it has a price to earnings (P/E) ratio of 28.25. GGG’s most recent ex-dividend date was 4/14/2023 when it declared a $0.2350 quarterly dividend that was paid in cash on 5/3/2023. Previously, the company paid the dividend on 2/1/2023 with an ex-dividend date of 1/17/2023. The GGG stock dividend was $0.2350 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for GGG in the last 3 months, the mean price target is $84.33 with high estimates of $90.00 and low estimates of $75.00. In terms of 52-week highs and lows, GGG has a high of $79.45 and a low of $56.48.

As of this writing, GGG has an earnings estimate of $0.76 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.83 per share and a lower estimate of $0.7. The company reported an EPS of $0.73 in the last quarter, which was 5.80% higher than expectations of $0.69.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. GGG’s latest balance sheet shows that the firm has $624.30M in Cash & Short Term Investments as of fiscal 2021. There were $217.02M in debt and $506.79M in liabilities at the time. Its Book Value Per Share was $11.82, while its Total Shareholder’s Equity was $1.71B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GGG is Hold with a score of 3.71. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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