Graco Inc. (NYSE: GGG)’s stock price has increased by 0.04 compared to its previous closing price of 78.59. However, the company has seen a -0.42% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-06-14 that MINNEAPOLIS–(BUSINESS WIRE)–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 ma.
Is It Worth Investing in Graco Inc. (NYSE: GGG) Right Now?
The price-to-earnings ratio for Graco Inc. (NYSE: GGG) is above average at 27.14x. The 36-month beta value for GGG is also noteworthy at 0.81. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 12 rating it as “hold,” and 0 rating it as “sell.”
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The public float for GGG is 167.43M, and at present, short sellers hold a 1.17% of that float. The average trading volume of GGG on July 04, 2024 was 788.50K shares.
GGG’s Market Performance
GGG’s stock has seen a -0.42% decrease for the week, with a -0.76% drop in the past month and a -14.65% fall in the past quarter. The volatility ratio for the week is 1.68%, and the volatility levels for the past 30 days are at 1.58% for Graco Inc. The simple moving average for the last 20 days is -0.87% for GGG stock, with a simple moving average of -5.24% for the last 200 days.
Analysts’ Opinion of GGG
Many brokerage firms have already submitted their reports for GGG stocks, with Exane BNP Paribas repeating the rating for GGG by listing it as a “Neutral.” The predicted price for GGG in the upcoming period, according to Exane BNP Paribas is $73 based on the research report published on October 05, 2023 of the previous year 2023.
Seaport Research Partners gave a rating of “Buy” to GGG, setting the target price at $82 in the report published on February 02nd of the previous year.
GGG Trading at -3.34% from the 50-Day Moving Average
After a stumble in the market that brought GGG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.04% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 1.68%, as shares surge +1.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.33% lower at present.
During the last 5 trading sessions, GGG rose by +0.18%, which changed the moving average for the period of 200-days by +5.10% in comparison to the 20-day moving average, which settled at $79.36. In addition, Graco Inc. saw -9.38% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GGG starting from O’Shea Peter J, who sale 0 shares at the price of $82.94 back on May 06 ’24. After this action, O’Shea Peter J now owns 14,155 shares of Graco Inc., valued at $28 using the latest closing price.
Rothe Christian E, the President, Industrial Division of Graco Inc., sale 10,000 shares at $91.02 during a trade that took place back on Mar 29 ’24, which means that Rothe Christian E is holding 25,583 shares at $910,190 based on the most recent closing price.
Stock Fundamentals for GGG
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.53 for the gross margin
The net margin for Graco Inc. stands at 0.23. The total capital return value is set at 0.26. Equity return is now at value 23.12, with 18.73 for asset returns.
Based on Graco Inc. (GGG), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 14.46. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 135.8.
Currently, EBITDA for the company is 720.36 million with net debt to EBITDA at -0.82. When we switch over and look at the enterprise to sales, we see a ratio of 5.93. The receivables turnover for the company is 6.71for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.11.
Conclusion
In summary, Graco Inc. (GGG) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
