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. Yahoo Finance discussed the stock recently as it posted Graco Announces Regular Quarterly Dividend.

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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 $89.98 and fluctuated between $90.28 as its day high and $89.12 as its day low. The current market capitalization of Graco Inc. is $15.13B. A total of 0.64 million shares were traded on the day, compared to an average of 636.43K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, GGG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 26 BUYs and 23 SELLs from insiders. Insiders purchased 280,759 shares during that period but sold 270,162.

In the most recent transaction, Merengo Claudio sold 5,312 shares of GGG for 90.04 per share on Feb 28. After the transaction, the President, WW Powder Division now owns 18,847 company shares. In a previous transaction on Feb 27, Merengo Claudio sold 300 shares at 90.04 per share. GGG shares that President, WW Powder Division owns now total 18,847.

Among the insiders who sold shares, Merengo Claudio disposed of 12,652 shares on Feb 26 at a per-share price of $90.02. This resulted in the President, WW Powder Division holding 18,847 shares of GGG after the transaction. In another insider transaction, Rothe Christian E sold 15,000 shares at $90.04 per share on Feb 23. Company shares held by the President, Industrial Division now total 25,583.

Dividend

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 $0.96, resulting in a dividend yield of 1.07%, and it has a price to earnings (P/E) ratio of 30.60. GGG’s most recent ex-dividend date was 4/12/2024 when it declared a $0.2550 quarterly dividend that was paid in cash on 5/1/2024. Previously, the company paid the dividend on 2/7/2024 with an ex-dividend date of 1/19/2024. The GGG stock dividend was $0.2550 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 $89.15 with high estimates of $100.00 and low estimates of $82.00. In terms of 52-week highs and lows, GGG has a high of $90.47 and a low of $66.17.

As of this writing, GGG has an earnings estimate of $0.74 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.79 per share and a lower estimate of $0.71. The company reported an EPS of $0.76 in the last quarter, which was 4.10% higher than expectations of $0.73.

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 $226.11M in debt and $506.79M in liabilities at the time. Its Book Value Per Share was $13.24, 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, 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.

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