Graco Inc. (NYSE: GGG) is -3.52% lower on its value in year-to-date trading and has touched a low of $69.78 and a high of $94.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GGG stock was last observed hovering at around $83.89 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $83.71, the stock is 2.13% and 2.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -0.21% at the moment leaves the stock -1.03% off its SMA200. GGG registered 10.55% gain for a year compared to 6-month loss of -9.62%.
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The stock witnessed a 3.58% gain in the last 1 month and extending the period to 3 months gives it a 4.36%, and is 1.94% 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 1.39% over the week and 1.61% over the month.
Graco Inc. (GGG) has around 4000 employees, a market worth around $14.14B and $2.15B in sales. Current P/E ratio is 28.96 and Fwd P/E is 26.30. Profit margin for the company is 23.16%. Distance from 52-week low is 19.96% and -11.67% from its 52-week high. The company has generated returns on investments over the last 12 months (20.52%).
The EPS is expected to shrink by -1.35% this year
888.0 institutions hold shares in Graco Inc. (GGG), with institutional investors hold 92.39% of the company’s shares. The shares outstanding are 167.95M, and float is at 167.23M with Short Float at 1.22%. Institutions hold 91.54% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.09 million shares valued at $1.51 billion. The investor’s holdings represent 11.3304 of the GGG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 17.13 million shares valued at $1.36 billion to account for 10.1682 of the shares outstanding. The other top investors are STATE STREET CORP which holds 7.02 million shares representing 4.164 and valued at over $556.22 million, while FIERA CAPITAL CORP holds 3.7077 of the shares totaling 6.25 million with a market value of $495.26 million.
Graco Inc. (GGG) Insider Activity
The most recent transaction is an insider sale by GILLIGAN J KEVIN, the company’s Director. SEC filings show that GILLIGAN J KEVIN sold 18,000 shares of the company’s common stock on Jul 30 ’24 at a price of $83.68 per share for a total of $1.51 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on May 06 ’24, O’Shea Peter J (President, WW LED, Pres SCA) disposed off 0 shares at an average price of $82.94 for $28.0. The insider now directly holds 14,155 shares of Graco Inc. (GGG).
