News stories about Graco (NYSE:GGG) have been trending very positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Graco earned a media sentiment score of 0.56 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 43 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Contrasting Graco (NYSE:GGG) and Xylem (XYL) (americanbankingnews.com)
- Graco Inc. : Earnings Review and Free Research Report: Graco’s Quarterly Revenue Jumped 9%; Earnings Surged 57% (4-traders.com)
- Zacks.com featured highlights: SP Plus, Inogen, Graco, Sterling Construction and FireEye (finance.yahoo.com)
- Analysts Expect Graco Inc. (NYSE:GGG) to Post $1.05 EPS (americanbankingnews.com)
- Graco Inc. (NYSE:GGG) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
Shares of Graco (NYSE GGG) traded up 0.33% during mid-day trading on Tuesday, hitting $115.88. 221,679 shares of the stock traded hands. Graco has a 52 week low of $69.33 and a 52 week high of $116.75. The firm’s 50-day moving average is $110.49 and its 200-day moving average is $101.35. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 73.53 and a beta of 1.25.
Graco (NYSE:GGG) last issued its earnings results on Wednesday, July 26th. The industrial products company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.32. The business had revenue of $379.50 million during the quarter, compared to analyst estimates of $369.36 million. Graco had a return on equity of 40.21% and a net margin of 6.50%. Graco’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. On average, analysts forecast that Graco will post $4.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Monday, July 17th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, July 13th. Graco’s payout ratio is 92.90%.
Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Graco from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a report on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating on shares of Graco in a report on Friday, July 28th. Wolfe Research restated a “market perform” rating on shares of Graco in a report on Tuesday, August 1st. BidaskClub lowered shares of Graco from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Finally, FBR & Co reaffirmed a “marketperform” rating on shares of Graco in a research report on Tuesday, July 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $106.20.
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In other news, VP Karen Park Gallivan sold 12,242 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $115.00, for a total value of $1,407,830.00. Following the completion of the transaction, the vice president now directly owns 27,264 shares of the company’s stock, valued at approximately $3,135,360. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Caroline M. Chambers sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $109.45, for a total value of $547,250.00. Following the completion of the transaction, the vice president now directly owns 10,159 shares of the company’s stock, valued at $1,111,902.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,021 shares of company stock valued at $7,031,734. Corporate insiders own 5.70% of the company’s stock.
Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.
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