Graco (NYSE:GGG) Cut to “Sell” at ValuEngine

ValuEngine downgraded shares of Graco (NYSE:GGG) from a hold rating to a sell rating in a research note issued to investors on Tuesday, ValuEngine reports.

A number of other equities research analysts have also issued reports on the company. DA Davidson reaffirmed a neutral rating on shares of Graco in a research report on Thursday, April 25th. Zacks Investment Research lowered Graco from a hold rating to a sell rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Graco presently has a consensus rating of Hold and an average target price of $47.00.

GGG opened at $50.83 on Tuesday. The business’s 50-day moving average price is $49.27. Graco has a 12-month low of $37.36 and a 12-month high of $53.91. The company has a current ratio of 2.07, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98.

Graco (NYSE:GGG) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.02). Graco had a return on equity of 41.51% and a net margin of 20.72%. The firm had revenue of $404.90 million for the quarter, compared to analyst estimates of $415.70 million. During the same period in the previous year, the company posted $0.48 EPS. Graco’s revenue was down .3% on a year-over-year basis. On average, research analysts anticipate that Graco will post 2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Monday, July 22nd will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, July 19th. Graco’s dividend payout ratio is currently 34.04%.

In other news, insider Timothy R. White sold 6,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $52.18, for a total value of $313,080.00. Following the transaction, the insider now owns 50,660 shares in the company, valued at approximately $2,643,438.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Johnson sold 15,000 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $48.85, for a total value of $732,750.00. The disclosure for this sale can be found here. Insiders sold a total of 203,610 shares of company stock worth $10,389,984 in the last ninety days. 4.23% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ETF Managers Group LLC increased its holdings in shares of Graco by 8.3% in the 1st quarter. ETF Managers Group LLC now owns 3,158 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 242 shares during the last quarter. Eukles Asset Management increased its holdings in shares of Graco by 1.9% in the 1st quarter. Eukles Asset Management now owns 15,744 shares of the industrial products company’s stock valued at $780,000 after acquiring an additional 287 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of Graco by 6.6% in the 4th quarter. Stephens Inc. AR now owns 5,236 shares of the industrial products company’s stock valued at $219,000 after acquiring an additional 322 shares during the last quarter. Brinker Capital Inc. increased its holdings in shares of Graco by 1.0% in the 4th quarter. Brinker Capital Inc. now owns 35,329 shares of the industrial products company’s stock valued at $1,479,000 after acquiring an additional 358 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Graco by 8.0% in the 4th quarter. FMR LLC now owns 4,898 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 362 shares during the last quarter. Institutional investors and hedge funds own 84.25% of the company’s stock.

Graco Company Profile

Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.

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Analyst Recommendations for Graco (NYSE:GGG)

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