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. It also provides liquid finishing equipment; paint circulating and supply pumps; paint circulating advanced control systems; plural component coating proportioners; spare parts and accessories; and powder finishing products to coat powder finishing on metals under the Gema and SAT brands. The company's Process segment offers pumps to move and dispense chemicals, oil and natural gas, water, wastewater, petroleum, food, lubricants, and other fluids; pressure valves used in the oil and natural gas industry, other industrial processes, and research facilities; and chemical injection pumping solutions for injection of chemicals into producing oil wells and pipelines. It also supplies pumps, hose reels, meters, valves, and accessories for fast oil change facilities, service garages, fleet service centers, automobile dealerships, auto parts stores, truck builders, and heavy equipment service centers; and systems, components, and accessories for the automatic lubrication of bearings, gears, and generators in industrial and commercial equipment, compressors, turbines, and on- and off-road vehicles. The company's Contractor segment offers sprayers to apply paint to walls and other structures; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. The company sells its products through distributors, original equipment manufacturers, and home center channels; and directly to end-users. The company was incorporated in 1926 and is headquartered in Minneapolis, Minnesota.
IPO Year:
Exchange: NYSE
Website: graco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/5/2023 | $73.00 | Neutral | Exane BNP Paribas |
| 6/5/2023 | Mkt Perform | William Blair | |
| 2/2/2023 | $82.00 | Neutral → Buy | Seaport Research Partners |
| 7/14/2022 | $61.00 | Outperform → Neutral | Robert W. Baird |
| 12/2/2021 | Mkt Perform → Outperform | William Blair | |
| 10/22/2021 | $84.00 → $83.00 | Outperform | RBC Capital |
| 7/23/2021 | $88.00 → $86.00 | Outperform | RBC Capital |
Graco Inc. (NYSE:GGG) announced today that it has completed its previously-announced acquisition of Corob S.p.A. ("Corob") for €230 million, subject to customary adjustments, with up to €30 million in additional contingent consideration. Corob is a global leader in the design and manufacturing of high-performance volumetric and gravimetric dispense, mixing, and shaking equipment used in mission-critical tinting applications. Corob had revenue of €110 million in 2023, has more than 600 employees worldwide and is headquartered in Italy with additional manufacturing operations in India and Canada. "The completion of this acquisition will bolster our existing presence in the growing paint and
Graco Inc. (NYSE:GGG) today announced results for the third quarter ended September 27, 2024. Summary $ in millions except per share amounts Three Months Ended Nine Months Ended Sep 27, 2024 Sep 29, 2023 % Change Sep 27, 2024 Sep 29, 2023 % Change Net Sales $ 519.2 $ 539.7 (4 )% $ 1,564.6 $ 1,629.0 (4 )% Operating Earnings 145.7 163.2 (11 )% 440.1 476.9 (8 )% Net Earnings 122.2 133.1 (8 )% 377.4 396.6 (5 )%
Graco Inc. (NYSE:GGG) announced today that it will release its Third Quarter 2024 earnings after the New York Stock Exchange closes on Wednesday, October 23, 2024. A full-text copy of the earnings announcement will be available on the Company's website at investors.graco.com. Graco management will hold a conference call, including slides via webcast, with analysts and institutional investors to discuss the results at 11 a.m. ET / 10 a.m. CT on Thursday, October 24, 2024. A real-time listen-only webcast of the conference call will be broadcast on the Company's website and by going here: edge.media-server.com. Listeners should register on the website at least 15 minutes prior to the live con
Graco Inc. (NYSE:GGG) announced today that it has entered into a definitive agreement to acquire Corob S.p.A. ("Corob") for €230 million, subject to customary adjustments, with up to €30 million in additional contingent consideration. The transaction is expected to close in Graco's fiscal fourth quarter following the satisfaction of customary closing conditions. Corob had revenue of €110 million in 2023. "The addition of Corob to our portfolio builds on our strong global position in the growing paint and coating machinery manufacturing category within our Contractor segment," said Mark Sheahan, Graco's President and CEO. "This acquisition advances our key strategies of global growth and ex
Graco Inc. (NYSE:GGG), a worldwide leader in commercial and industrial fluid and powder handling systems, announced today a new organizational structure to unlock global growth opportunities and drive sustainable profitability and operational efficiency. "Establishing a market-oriented global structure will ensure that we are well positioned long term to enter new markets, capitalize on our most significant opportunities and accelerate our growth," said Mark Sheahan, President and Chief Executive Officer of Graco. Effective January 1, 2025, the company will move to a global, customer-centric operating structure with four business divisions: Industrial, Expansion Markets, Contractor and Po
Stellair™ and Stellair ACE Reduce Fatigue Potential and Improve Productivity for Industrial Painters Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, introduces Stellair ACE and Stellair™, the only industrial air spray guns to achieve Ergonomics Performance Certification. Advanced testing by United States Ergonomics proves that the manual pressure feed sprayers reduce fatigue potential, increasing productivity for industrial painters. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240916242189/en/Graco's newest industrial air spray gun line includes Stellair™ (left) and Stellair ACE (right). Due to its
The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 25.5 cents ($0.255) per common share, payable on November 6, 2024, to shareholders of record at the close of business on October 21, 2024. The Company has approximately 168.8 million shares outstanding. ABOUT GRACO Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, p
Graco Inc. (NYSE:GGG) announced today that it has acquired the megasonic and ultrasonic wet cleaning systems business of PCT Systems (PCT), a California-based manufacturer of high-purity fluid handling solutions. Headquartered in San Jose, California, PCT serves a broad spectrum of industries, including semiconductor, medtech, remediation, advanced optics, glass, and additives through the design and manufacturing of heated process tanks, megasonic cleaning systems, megasonic generators, transducer assemblies, and custom tanks in stainless steel, plastics, and quartz. "The acquisition of this business complements our existing line of high-purity chemical delivery equipment used in the prod
Graco Inc. (NYSE:GGG) today announced results for the second quarter ended June 28, 2024. Summary $ in millions except per share amounts Three Months Ended Six Months Ended Jun 28, 2024 Jun 30, 2023 % Change Jun 28, 2024 Jun 30, 2023 % Change Net Sales $ 553.2 $ 559.6 (1 )% $ 1,045.4 $ 1,089.3 (4 )% Operating Earnings 161.4 157.1 3 % 294.4
New, simple-to-operate, all-electric sprayers set to redefine ease of use and efficiency Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling systems, today unveiled the E-Mix XT™, the latest innovation in electric variable ratio two-component sprayers. Designed for superior efficiency and ease of use, the all-electric E-Mix XT represents a breakthrough in the industry, promising significant cost and time savings for professionals. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724870031/en/The E-Mix XT eliminates the need for traditional air compressors, offering a quieter, more energy-efficient solution. (Photo
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Graco Inc. (NYSE:GGG) today announced results for the third quarter ended September 27, 2024. Summary $ in millions except per share amounts Three Months Ended Nine Months Ended Sep 27, 2024 Sep 29, 2023 % Change Sep 27, 2024 Sep 29, 2023 % Change Net Sales $ 519.2 $ 539.7 (4 )% $ 1,564.6 $ 1,629.0 (4 )% Operating Earnings 145.7 163.2 (11 )% 440.1 476.9 (8 )% Net Earnings 122.2 133.1 (8 )% 377.4 396.6 (5 )%
Graco Inc. (NYSE:GGG) announced today that it will release its Third Quarter 2024 earnings after the New York Stock Exchange closes on Wednesday, October 23, 2024. A full-text copy of the earnings announcement will be available on the Company's website at investors.graco.com. Graco management will hold a conference call, including slides via webcast, with analysts and institutional investors to discuss the results at 11 a.m. ET / 10 a.m. CT on Thursday, October 24, 2024. A real-time listen-only webcast of the conference call will be broadcast on the Company's website and by going here: edge.media-server.com. Listeners should register on the website at least 15 minutes prior to the live con
The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 25.5 cents ($0.255) per common share, payable on November 6, 2024, to shareholders of record at the close of business on October 21, 2024. The Company has approximately 168.8 million shares outstanding. ABOUT GRACO Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, p
Graco Inc. (NYSE:GGG) today announced results for the second quarter ended June 28, 2024. Summary $ in millions except per share amounts Three Months Ended Six Months Ended Jun 28, 2024 Jun 30, 2023 % Change Jun 28, 2024 Jun 30, 2023 % Change Net Sales $ 553.2 $ 559.6 (1 )% $ 1,045.4 $ 1,089.3 (4 )% Operating Earnings 161.4 157.1 3 % 294.4
Graco Inc. (NYSE:GGG) announced today that it will release its Second Quarter 2024 earnings after the New York Stock Exchange closes on Wednesday, July 24, 2024. A full-text copy of the earnings announcement will be available on the Company's website at investors.graco.com. Graco management will hold a conference call, including slides via webcast, with analysts and institutional investors to discuss the results at 11 a.m. ET / 10 a.m. CT on Thursday, July 25, 2024. A real-time listen-only webcast of the conference call will be broadcast on the Company's website and by going here: edge.media-server.com. Listeners should register on the website at least 15 minutes prior to the live confere
The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 25.5 cents ($0.255) per common share, payable on August 7, 2024, to shareholders of record at the close of business on July 22, 2024. The Company has approximately 169.0 million shares outstanding. ABOUT GRACO Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, proc
Graco Inc. (NYSE:GGG) today announced results for the first quarter ended March 29, 2024. Summary $ in millions except per share amounts Three Months Ended Mar 29, 2024 Mar 31, 2023 % Change Net Sales $ 492.2 $ 529.6 (7 )% Operating Earnings 133.0 156.7 (15 )% Net Earnings 122.2 129.2 (5 )% Diluted Net Earnings per Common Share $ 0.71 $ 0.75 (5 )%
Graco Inc. (NYSE:GGG) announced today that it will release its First Quarter 2024 earnings after the New York Stock Exchange closes on Wednesday, April 24, 2024. A full-text copy of the earnings announcement will be available on the Company's website at investors.graco.com. Graco management will hold a conference call, including slides via webcast, with analysts and institutional investors to discuss the results at 11 a.m. ET / 10 a.m. CT on Thursday, April 25, 2024. A real-time listen-only webcast of the conference call will be broadcast on the Company's website and by going here: edge.media-server.com. Listeners should register on the website at least 15 minutes prior to the live confer
The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 25.5 cents ($0.255) per common share, payable on May 1, 2024, to shareholders of record at the close of business on April 15, 2024. The Company has approximately 168.4 million shares outstanding. ABOUT GRACO Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processi
Fourth Quarter Sales Growth in All Segments Graco Inc. (NYSE:GGG) today announced results for the fourth quarter ended December 29, 2023. Summary $ in millions except per share amounts Three Months Ended Twelve Months Ended Dec 29, 2023 Dec 30, 2022 % Change Dec 29, 2023 Dec 30, 2022 % Change Net Sales $ 566.6 $ 555.0 2 % $ 2,195.6 $ 2,143.5 2 % Operating Earnings 169.9 152.5 1
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Exane BNP Paribas initiated coverage of Graco with a rating of Neutral and set a new price target of $73.00
William Blair resumed coverage of Graco with a rating of Mkt Perform
Seaport Research Partners upgraded Graco from Neutral to Buy and set a new price target of $82.00
Robert W. Baird downgraded Graco from Outperform to Neutral and set a new price target of $61.00
William Blair upgraded Graco from Mkt Perform to Outperform
RBC Capital reiterated coverage of Graco with a rating of Outperform and set a new price target of $83.00 from $84.00 previously
RBC Capital reiterated coverage of Graco with a rating of Outperform and set a new price target of $86.00 from $88.00 previously
RBC Capital reiterated coverage of Graco with a rating of Outperform and set a new price target of $89.00 from $81.00 previously
Morgan Stanley reiterated coverage of Graco with a rating of Equal-Weight and set a new price target of $80.00 from $75.00 previously
Morgan Stanley initiated coverage of Graco with a rating of Equal-Weight and set a new price target of $75.00
Mark W. Sheahan, President and Chief Executive Officer of Graco Inc., Joins Tennant Company Board of Directors Tennant Company (NYSE:TNC), a world leader in the design, manufacture and marketing of solutions to reinvent how the world cleans, today announced the appointment of Mark W. Sheahan, President and Chief Executive Officer of Graco Inc. (NYSE:GGG), to the Tennant Company Board of Directors, effective May 15, 2024. Mr. Sheahan is the CEO of Graco Inc., a global manufacturer of products and solutions for the management of fluids and coatings. With nearly three decades of experience leading high-performing organizations and serving on boards, he has expertise in global manufacturing
Starboard Value LP (together with its affiliates, "Starboard" or "we") is the largest shareholder of Algonquin Power & Utilities Corp. (NYSE:AQN) (TSE: AQN) ("Algonquin" or the "Company") with an ownership stake of approximately 9.0%. Today, Starboard announced that it has nominated three highly qualified candidates (the "Starboard Nominees") for election to the Company's Board of Directors (the "Board") at the 2024 Annual General Meeting of Shareholders (the "Annual Meeting"), which has been scheduled for June 4, 2024. The Starboard Nominees are Brett Carter, Chris Lopez and Rob Schriesheim. In connection with its nominations, Starboard sent the below letter to the members of the Board.
Graco Inc. (NYSE:GGG) announced today that Dale D. Johnson has informed the company of his intention to retire in the first quarter of 2025, and that in anticipation of Mr. Johnson's retirement David J. Thompson will succeed him as President, Worldwide Contractor Equipment Division, effective January 1, 2024. Beginning on that date, Mr. Johnson will assume the role of Chief Commercial Development Officer, in which capacity he will support the Contractor Equipment Division leadership transition to Mr. Thompson, as well as facilitate various commercial and cross-divisional initiatives. "Throughout his tenure spanning almost five decades at Graco, Dale has demonstrated exceptional leadership
Graco Inc. (NYSE:GGG) announced today that Heather L. Anfang has been appointed as a member of the Company's Board of Directors, effective May 12, 2023. Ms. Anfang serves as Senior Vice President, General Manager, U.S. Dairy Foods at Land O' Lakes, Inc., a leading agribusiness and food company and one of the largest producers of dairy products in the United States. She has held this position, in which she oversees a $4 billion business, since 2019. Ms. Anfang previously served in various marketing and ecommerce roles of increasing leadership responsibility throughout her more than twenty-year career at Land O' Lakes. Before joining Land O' Lakes in 1999, she started her career in marketin
Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, today announced that, effective May 24, 2023, Ronita Banerjee will be joining Graco as the company's Executive Vice President and Chief Human Resources Officer. "Ronita brings impressive credentials as a human resources leader," said Mark Sheahan, Graco's President and Chief Executive Officer. "She has been instrumental in her previous roles leading global human resources initiatives for respected manufacturing companies. She has substantial experience in working for companies like Graco that have employees who maintain a wide variety of skillsets and positions. I am pleased to welcome Ronita to the Graco team and
Graco Inc. (NYSE:GGG) announced today that Archie C. Black has been appointed as a member of the Company's Board of Directors, effective February 20, 2023. Mr. Black has served as the Chief Executive Officer of SPS Commerce, Inc. (NASDAQ:SPSC) — a cloud-based supply chain management software company based in Minneapolis — since 2001, and is a member of its board of directors. Prior to becoming CEO of SPS Commerce, Mr. Black was its Senior Vice President and Chief Financial Officer. During his time as CEO of SPS Commerce, Mr. Black has led the transformation of a technology startup company into a successful global business and has developed a deep understanding of the requirements of managi
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, announced today that Mark W. Sheahan has been appointed President and Chief Executive Officer of the Company effective June 10, 2021. He succeeds Patrick J. McHale who, on Feb. 11, 2021, submitted his notice of intent to retire from the Company. Mr. McHale will step down from his CEO and board positions on June 10, 2021, but will remain employed by the Company through Sept. 15, 2021 to assist with the leadership transition. The board also appointed Mr. Sheahan a director effective June 10, 2021. “After a thorough and thoughtful succession planning process, Mark is the clear ch
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG) announced today that Brett C. Carter has been appointed as a member of the Company’s Board of Directors, effective Feb. 11, 2021. Mr. Carter serves as Executive Vice President and Chief Customer and Innovation Officer of Xcel Energy Inc., a major U.S. electric and natural gas delivery company. He assumed this position in May 2018. Prior to that, Mr. Carter served as Senior Vice President and Shared Services Executive of Bank of America from October 2015 to May 2018, and as Senior Vice President and Chief Operating Officer of Bank of America from March 2015 to October 2015. Before joining Bank of America, Mr. Carter held several
Graco (NYSE:GGG) reported quarterly earnings of $0.77 per share which beat the analyst consensus estimate of $0.76 by 1.32 percent. This is a 2.67 percent increase over earnings of $0.75 per share from the same period last year. The company reported quarterly sales of $553.243 million which missed the analyst consensus estimate of $563.105 million by 1.75 percent. This is a 1.14 percent decrease over sales of $559.644 million the same period last year.
New, simple-to-operate, all-electric sprayers set to redefineease of use and efficiency
Graco's (NYSE:GGG) short percent of float has risen 6.0% since its last report. The company recently reported that it has 2.07 million shares sold short, which is 1.59% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.91 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is importa
Designed To Reduce Downtime And Operating Expenses With Wide, Steady Pressure And Unrivaled Pump Durability
RBC Capital analyst Deane Dray reiterates Graco (NYSE:GGG) with a Outperform and maintains $103 price target.
Graco's (NYSE:GGG) short percent of float has risen 30.7% since its last report. The company recently reported that it has 1.95 million shares sold short, which is 1.49% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.46 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is import
Track, manage and dispense the correct fluids every time
Graco's (NYSE:GGG) short percent of float has fallen 5.83% since its last report. The company recently reported that it has 1.47 million shares sold short, which is 1.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.89 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impor
Baird analyst Michael Halloran maintains Graco (NYSE:GGG) with a Neutral and lowers the price target from $90 to $87.
Shares of Caterpillar Inc. (NYSE:CAT) fell sharply during Thursday's session after the company reported better-than-expected first-quarter EPS but missed revenue estimates. Caterpillar reported a first-quarter fiscal 2024 revenue of $15.8 billion, a slight decrease of 0.4% year-over-year, missing the consensus of $16.216 billion. CAT's adjusted earnings of $5.60 per share, compared to $4.91 a year ago, topped the consensus of $5.14, according to data from Benzinga Pro. Caterpillar shares dipped 6.6% to $339.37 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers Barfresh Food Group, Inc. (NASDAQ:BRFH) surged 87.2% to $2.05. Safe & Green Holdin