Graco Inc. (NYSE:GGG) is expected to pay $0.33 on Nov 2, 2016. The indicated annual dividend is $1.32. Shareholders owning the stock before Oct 13, 2016 will be eligible to receive the payout. Based on Graco Inc.’s current price of $70.10, the dividend is 0.47%. This dividend’s record date is Oct 17, 2016 and the announcement date is Sep 16, 2016. The stock decreased 2.41% or $1.73 during the last trading session, hitting $70.1. Graco Inc. (NYSE:GGG) has declined 13.83% since March 9, 2016 and is downtrending. It has underperformed by 21.24% the S&P500.
Graco Inc. is a manufacturing company. The company has a market cap of $3.89 billion. The Firm designs, makes and markets equipment to pump, meter, mix and dispense fluid and powder materials. It has a 20.68 P/E ratio. The Firm operates through three divisions: Industrial, Process and Contractor.
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.01, from 0.96 in 2016Q1. The ratio dived, as 37 funds sold all Graco Inc. shares owned while 93 reduced positions. 21 funds bought stakes while 102 increased positions. They now own 48.56 million shares or 3.67% less from 50.41 million shares in 2016Q1.
Aperio Limited Liability Company accumulated 24,517 shares or 0.02% of the stock. Nuveen Asset Mgmt Ltd Liability Corporation has 0.01% invested in the company for 22,572 shares. Century Incorporated holds 0.03% or 335,980 shares in its portfolio. One National Association accumulated 14,849 shares or 0.1% of the stock. Underhill Investment Management Limited Liability holds 188,450 shares or 8.03% of its portfolio. Cantab Cap Prtnrs Llp has invested 0% of its portfolio in Graco Inc. (NYSE:GGG). Moreover, Blackrock Institutional Na has 0.02% invested in Graco Inc. (NYSE:GGG) for 1.65M shares. Moreover, Westwood Grp has 0.01% invested in Graco Inc. (NYSE:GGG) for 16,619 shares. New York State Teachers Retirement accumulated 112,991 shares or 0.02% of the stock. Ledyard Savings Bank owns 128 shares or 0% of their US portfolio. Boston Private Wealth Ltd reported 2,805 shares or 0.01% of all its holdings. Advisers Lc has 2,995 shares for 0% of their US portfolio. Spot Trading Limited Liability Company accumulated 302 shares or 0% of the stock. Morgan Stanley has 0% invested in the company for 109,449 shares. Monetary Mgmt Group Incorporated, a Missouri-based fund reported 800 shares.
Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 3 sales for $3.88 million net activity. $1.84M worth of Graco Inc. (NYSE:GGG) shares were sold by RESCORLA CHARLES L. MCHALE PATRICK J sold 11,500 shares worth $853,164. VAN SANT R WILLIAM sold $1.19M worth of stock.
Graco Inc. (NYSE:GGG) Ratings Coverage
Out of 8 analysts covering Graco Inc (NYSE:GGG), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. $83 is the highest target while $70 is the lowest. The $74.67 average target is 6.52% above today’s ($70.1) stock price. Graco Inc has been the topic of 10 analyst reports since September 15, 2015 according to StockzIntelligence Inc. On Thursday, April 14 the stock rating was downgraded by SunTrust to “Neutral”. The stock of Graco Inc. (NYSE:GGG) earned “Neutral” rating by Seaport Global on Tuesday, March 22. The company was initiated on Tuesday, September 15 by Alembic. The rating was initiated by Suntrust Robinson on Tuesday, November 3 with “Buy”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, September 7. Sidoti downgraded the shares of GGG in a report on Monday, April 4 to “Neutral” rating. The stock has “Underperform” rating given by RBC Capital Markets on Wednesday, January 27. On Thursday, September 17 the stock rating was initiated by Alembic with “Neutral”. William Blair downgraded Graco Inc. (NYSE:GGG) on Thursday, July 21 to “Market Perform” rating. SunTrust initiated the shares of GGG in a report on Tuesday, November 3 with “Buy” rating.
More news for Graco Inc. (NYSE:GGG) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Graco, McGrath RentCorp and IDEX” on October 11, 2016. Zacks.com‘s article titled: “Graco Inc. Lowered to a Strong Sell on Dreary Prospects” and published on September 12, 2016 is yet another important article.
GGG Company Profile
Graco Inc. (Graco), incorporated on December 18, 1947, is a manufacturing company. The Firm designs, makes and markets equipment used to pump, meter, mix and dispense fluid and powder materials. The Firm operates through three divisions: Industrial, Process and Contractor. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids. The Process segment markets pumps, valves, meters and accessories to move and dispense chemicals, oil and natural gas, water, wastewater, petroleum, food, lubricants and other fluids. The Contractor segment markets sprayers for architectural coatings for painting, corrosion control, texture and line striping. The Company’s equipment is used in the construction, automotive, mining, oil and natural gas, process, public works and other industries. Graco sells its products in North, Central and South America (the Americas), Europe, the Middle East and Africa (EMEA) and Asia Pacific.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.