Graco Inc. (NYSE: GGG) is -2.17% 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 $85.66 in the last trading session, with the day’s loss setting it -0.78%.
Currently trading at $84.88, the stock is 2.47% and 3.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing -0.91% at the moment leaves the stock 0.26% off its SMA200. GGG registered 15.00% gain for a year compared to 6-month loss of -9.01%. The firm has a 50-day simple moving average (SMA 50) of $82.1664 and a 200-day simple moving average (SMA200) of $84.6758.
The stock witnessed a 3.31% gain in the last 1 month and extending the period to 3 months gives it a 7.51%, 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 1.55% over the week and 1.60% over the month.
Graco Inc. (GGG) has around 4000 employees, a market worth around $14.34B and $2.15B in sales. Current P/E ratio is 29.37 and Fwd P/E is 26.67. Profit margin for the company is 23.16%. Distance from 52-week low is 21.64% and -10.44% from its 52-week high. The company has generated returns on investments over the last 12 months (20.52%).
Graco Inc. quarterly earnings per share for the current quarter are estimated at 0.76 with sales reaching $538.68M over the same period.The EPS is expected to shrink by -1.35% this year, but quarterly earnings will post -2.00% year-over-year. Quarterly sales are estimated to shrink -3.40% in year-over-year returns.
887.0 institutions hold shares in Graco Inc. (GGG), with institutional investors hold 92.35% of the company’s shares. The shares outstanding are 167.95M, and float is at 167.29M with Short Float at 1.31%. Institutions hold 91.49% 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).
