RBC Capital Reiterates Outperform on Graco, Maintains $103 Price Target
$GGG
Fluid Controls
Industrials
RBC Capital analyst Deane Dray reiterates Graco (NYSE:GGG) with a Outperform and maintains $103 price target.
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| 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 |
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
8-K - GRACO INC (0000042888) (Filer)
8-K - GRACO INC (0000042888) (Filer)
10-Q - GRACO INC (0000042888) (Filer)
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
4 - GRACO INC (0000042888) (Issuer)
4 - GRACO INC (0000042888) (Issuer)
4 - GRACO INC (0000042888) (Issuer)
SC 13G/A - GRACO INC (0000042888) (Subject)
SC 13G/A - GRACO INC (0000042888) (Subject)
SC 13G/A - GRACO INC (0000042888) (Subject)
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 (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
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