Graco Inc. (GGG) Review – Making Smarter Decisions

Graco Inc. (NYSE: GGG) is 1.23% higher on its value in year-to-date trading and has touched a low of $66.17 and a high of $87.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GGG stock was last observed hovering at around $87.30 in the last trading session, with the day’s gains setting it 0.53%.

Currently trading at $87.83, the stock is 3.06% and 4.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 0.61% at the moment leaves the stock 10.01% off its SMA200. GGG registered 23.97% gain for a year compared to 6-month gain of 13.84%. The firm has a 50-day simple moving average (SMA 50) of $6.53 and a 200-day simple moving average (SMA200) of $20.82.

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The stock witnessed a 5.53% loss in the last 1 month and extending the period to 3 months gives it a 14.15%, and is 1.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.46% over the week and 1.49% over the month.

Graco Inc. (GGG) has around 4000 employees, a market worth around $14.82B and $2.20B in sales. Current P/E ratio is 29.86 and Fwd P/E is 26.24. Profit margin for the company is 23.07%. Distance from 52-week low is 32.73% and -0.13% from its 52-week high. The company has generated returns on investments over the last 12 months (22.65%).

Graco Inc. quarterly earnings per share for the current quarter are estimated at $0.74 with sales reaching $536.54M over the same period.The EPS is expected to grow by 3.29% this year, but quarterly earnings will post 2.80% year-over-year. Quarterly sales are estimated to grow 1.30% in year-over-year returns.

828 institutions hold shares in Graco Inc. (GGG), with institutional investors hold 92.21% of the company’s shares. The shares outstanding are 167.70M, and float is at 167.12M with Short Float at 0.84%. Institutions hold 91.43% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 18.61 million shares valued at $1.61 billion. The investor’s holdings represent 11.01% of the GGG Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 16.36 million shares valued at $1.41 billion to account for 9.68% of the shares outstanding. The other top investors are Fiera Capital Corporation which holds 8.63 million shares representing 5.10% and valued at over $744.77 million, while State Street Corporation holds 4.30% of the shares totaling 7.27 million with a market value of $627.92 million.

Graco Inc. (GGG) Insider Activity

A total of 17 insider transactions have happened at Graco Inc. (GGG) in the last six months, with sales accounting for 9 and purchases happening 8 times. The most recent transaction is an insider sale by White Timothy R, the company’s Pres., Worldwide Process Div. SEC filings show that White Timothy R sold 2,895 shares of the company’s common stock on Feb 07 at a price of $87.49 per share for a total of $0.25 million. Following the sale, the insider now owns 50782.0 shares.

Graco Inc. disclosed in a document filed with the SEC on Feb 05 that O’Shea Peter J (President, WW LED, Pres SCA) sold a total of 8,420 shares of the company’s common stock. The trade occurred on Feb 05 and was made at $86.09 per share for $0.72 million. Following the transaction, the insider now directly holds 14155.0 shares of the GGG stock.

Still, SEC filings show that on Feb 02, Etchart Eric (Director) disposed off 11,378 shares at an average price of $85.71 for $0.98 million. The insider now directly holds 38,022 shares of Graco Inc. (GGG).

Graco Inc. (GGG): Who are the competitors?

One of the company’s main competitors (and peers) include IDEX Corp. (IEX) that is trading -0.04% down over the past 12 months.Chart Industries Inc. (GTLS) lies in the list of competitors of the Graco Inc. and is -13.32% lower over the same period from GGGITT Inc. (ITT) is 31.71% up on the 1-year trading charts.