Analysts Set Expectations for Graco’s Q1 Earnings (NYSE:GGG)

Graco Inc. (NYSE:GGG) – Research analysts at Zacks Research lowered their Q1 2027 earnings estimates for shares of Graco in a report released on Wednesday, July 2nd. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings per share of $0.74 for the quarter, down from their previous forecast of $0.75. The consensus estimate for Graco’s current full-year earnings is $3.06 per share. Zacks Research also issued estimates for Graco’s FY2027 earnings at $3.38 EPS.

Graco (NYSE:GGG) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Graco had a net margin of 22.70% and a return on equity of 19.42%. The company had revenue of $528.28 million for the quarter, compared to the consensus estimate of $526.98 million. During the same period last year, the company posted $0.65 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year.

Separately, Wolfe Research started coverage on shares of Graco in a research report on Wednesday, June 18th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Graco Trading Up 0.3%

GGG opened at $88.79 on Thursday. The company’s 50 day moving average is $84.75 and its 200-day moving average is $83.80. Graco has a 1-year low of $72.06 and a 1-year high of $92.86. The company has a market cap of $14.84 billion, a P/E ratio of 31.37, a PEG ratio of 3.00 and a beta of 1.06.

Hedge Funds Weigh In On Graco

Institutional investors have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC grew its position in Graco by 118.0% during the fourth quarter. TD Private Client Wealth LLC now owns 351 shares of the industrial products company’s stock valued at $30,000 after buying an additional 190 shares during the period. eCIO Inc. bought a new position in Graco during the first quarter worth about $32,000. WPG Advisers LLC bought a new position in Graco during the first quarter worth about $41,000. Geneos Wealth Management Inc. boosted its position in Graco by 982.6% during the first quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 452 shares during the period. Finally, Wood Tarver Financial Group LLC bought a new position in Graco during the fourth quarter worth about $46,000. Institutional investors own 93.88% of the company’s stock.

Insider Activity

In other news, insider David J. Thompson sold 3,588 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $86.23, for a total value of $309,393.24. Following the completion of the sale, the insider owned 27,520 shares in the company, valued at $2,373,049.60. This represents a 11.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.19% of the stock is currently owned by insiders.

Graco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, July 21st will be paid a $0.275 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.10 annualized dividend and a dividend yield of 1.24%. Graco’s payout ratio is 38.87%.

About Graco

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.