After Hours
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. Yahoo Finance discussed the stock recently as it posted Graco Inc. Announces Fourth Quarter 2023 Earnings Conference Call.
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Stocks Info
Graco Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $83.33 and fluctuated between $84.16 as its day high and $83.32 as its day low. The current market capitalization of Graco Inc. is $14.07B. A total of 0.56 million shares were traded on the day, compared to an average of 668.11K shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, GGG has seen 4 BUY and 5 SELL insider trades, representing the acquisition of 28,250 and the disposition of 20,850 shares. Over the last 12 months, there were 31 BUYs and 28 SELLs from insiders. Insiders purchased 364,879 shares during that period but sold 331,410.
In the most recent transaction, SHEAHAN MARK W sold 12,884 shares of GGG for 83.37 per share on Jan 05. After the transaction, the President and CEO now owns 93,182 company shares. In a previous transaction on Nov 30, Wordell Angela F sold 2,895 shares at 80.27 per share. GGG shares that Executive VP, Operations owns now total 12,725.
Among the insiders who sold shares, Schoenrock Kathryn L disposed of 392 shares on Nov 21 at a per-share price of $80.79. This resulted in the EVP, Chief Technology Officer holding 5,059 shares of GGG after the transaction. In another insider transaction, Chambers Caroline M sold 12,992 shares at $80.59 per share on Nov 20. Company shares held by the President, EMEA now total 56,409.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Graco Inc. pays an annual dividend of $0.92, resulting in a dividend yield of 1.11%, and it has a price to earnings (P/E) ratio of 27.44. GGG’s most recent ex-dividend date was 1/19/2024 when it declared a $0.2550 quarterly dividend that was paid in cash on 2/7/2024. Previously, the company paid the dividend on 11/1/2023 with an ex-dividend date of 10/13/2023. The GGG stock dividend was $0.2350 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for GGG in the last 3 months, the mean price target is $85.58 with high estimates of $100.00 and low estimates of $75.00. In terms of 52-week highs and lows, GGG has a high of $87.94 and a low of $65.93.
As of this writing, GGG has an earnings estimate of $0.79 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.83 per share and a lower estimate of $0.75. The company reported an EPS of $0.75 in the last quarter, which was -6.30% lower than expectations of $0.8.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GGG’s latest balance sheet shows that the firm has $624.30M in Cash & Short Term Investments as of fiscal 2021. There were $226.11M in debt and $506.79M in liabilities at the time. Its Book Value Per Share was $12.97, while its Total Shareholder’s Equity was $1.71B.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.50.
