What is William Blair’s Estimate for Graco FY2025 Earnings?

Graco Inc. (NYSE:GGG) – Investment analysts at William Blair lifted their FY2025 earnings per share estimates for Graco in a research report issued on Wednesday, January 29th. William Blair analyst R. Sparenblek now expects that the industrial products company will post earnings per share of $3.05 for the year, up from their prior estimate of $2.95. The consensus estimate for Graco’s current full-year earnings is $3.05 per share.

A number of other brokerages have also recently weighed in on GGG. Royal Bank of Canada upped their price target on Graco from $93.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. BNP Paribas raised Graco from a “neutral” rating to an “outperform” rating and set a $105.00 target price on the stock in a research note on Thursday, December 19th. Finally, Robert W. Baird decreased their price objective on Graco from $88.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $91.50.

Graco Trading Up 0.3 %

Graco stock opened at $84.15 on Friday. The firm’s fifty day simple moving average is $86.00 and its 200-day simple moving average is $84.66. Graco has a 1-year low of $77.49 and a 1-year high of $94.77. The company has a market capitalization of $14.21 billion, a P/E ratio of 29.84, a P/E/G ratio of 2.70 and a beta of 0.84.

Graco (NYSE:GGG) last posted its quarterly earnings data on Monday, January 27th. The industrial products company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.13). Graco had a net margin of 23.00% and a return on equity of 19.38%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in Graco by 244.4% during the third quarter. Principal Financial Group Inc. now owns 1,990,742 shares of the industrial products company’s stock valued at $174,210,000 after acquiring an additional 1,412,704 shares during the period. Canoe Financial LP increased its stake in Graco by 359.2% in the 4th quarter. Canoe Financial LP now owns 640,474 shares of the industrial products company’s stock worth $53,986,000 after acquiring an additional 501,003 shares during the last quarter. State Street Corp boosted its position in shares of Graco by 6.3% during the 3rd quarter. State Street Corp now owns 7,458,988 shares of the industrial products company’s stock valued at $652,736,000 after acquiring an additional 443,141 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Graco by 142.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 652,048 shares of the industrial products company’s stock worth $57,061,000 after purchasing an additional 383,599 shares during the last quarter. Finally, Sarasin & Partners LLP purchased a new stake in Graco during the fourth quarter valued at $23,446,000. 93.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Graco news, insider David J. Thompson sold 3,216 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $88.31, for a total value of $284,004.96. Following the sale, the insider now owns 27,246 shares of the company’s stock, valued at $2,406,094.26. This trade represents a 10.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Caroline M. Chambers sold 8,280 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $90.57, for a total value of $749,919.60. Following the transaction, the insider now directly owns 57,612 shares of the company’s stock, valued at $5,217,918.84. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,098 shares of company stock valued at $2,776,150 in the last 90 days. 2.63% of the stock is currently owned by corporate insiders.

Graco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Monday, January 20th will be paid a dividend of $0.275 per share. The ex-dividend date is Friday, January 17th. This is a boost from Graco’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a yield of 1.31%. Graco’s dividend payout ratio (DPR) is 39.01%.

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.