Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Graco Inc. (NYSE:GGG - Get Rating) - Research analysts at Seaport Res Ptn decreased their Q1 2023 earnings per share (EPS) estimates for shares of Graco in a research report issued on Thursday, October 27th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will earn $0.58 per share for the quarter, down from their prior forecast of $0.65. The consensus estimate for Graco's current full-year earnings is $2.58 per share. Seaport Res Ptn also issued estimates for Graco's Q3 2023 earnings at $0.65 EPS, Q4 2023 earnings at $0.69 EPS and FY2023 earnings at $2.60 EPS.

GGG has been the topic of a number of other research reports. Robert W. Baird lowered Graco from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research note on Thursday, July 14th. StockNews.com raised Graco from a "hold" rating to a "buy" rating in a research report on Friday. Finally, DA Davidson cut their target price on Graco to $70.00 in a research report on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $67.00.Graco Trading Up 3.6 %

Shares of Graco stock opened at $69.41 on Monday. Graco has a fifty-two week low of $56.48 and a fifty-two week high of $81.09. The firm has a market cap of $11.70 billion, a PE ratio of 26.49, a P/E/G ratio of 3.24 and a beta of 0.78. The business's fifty day moving average is $63.50 and its two-hundred day moving average is $63.07. The company has a quick ratio of 1.95, a current ratio of 2.99 and a debt-to-equity ratio of 0.04. Graco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Monday, October 17th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, October 14th. Graco's dividend payout ratio (DPR) is presently 32.06%. Insider Buying and Selling at Graco

In other Graco news, EVP David M. Ahlers sold 44,949 shares of the firm's stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $70.77, for a total value of $3,181,040.73. Following the transaction, the executive vice president now directly owns 65,135 shares of the company's stock, valued at $4,609,603.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.52% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc purchased a new position in Graco in the first quarter valued at about $29,000. Allworth Financial LP grew its stake in shares of Graco by 804.3% during the first quarter. Allworth Financial LP now owns 425 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 378 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of Graco during the third quarter valued at about $29,000. Artemis Wealth Advisors LLC acquired a new stake in shares of Graco during the first quarter valued at about $35,000. Finally, Tobam acquired a new stake in shares of Graco during the second quarter valued at about $32,000. 86.47% of the stock is owned by hedge funds and other institutional investors. Graco Company Profile (Get Rating)

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; equipment that pumps, meters, mixes and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems and applicators, and precision dispensing solutions.Featured StoriesGet a free copy of the StockNews.com research report on Graco (GGG)Morgan Stanley Still Has Double Digit Upside Here’s Why Quest Diagnostics Stock Should Be in Your Portfolio Why is AbbVie Stock Falling, but Still Good Long-Term?Krispy Kreme Deal with McDonalds Could Be a Gamechanger Will Demand from EV Makers Drive Up Freeport-McMoRan stock?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Graco, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Graco wasn't on the list.

While Graco currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.