Graco Inc. (GGG): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Specialty Industrial Machinery industry segment, falling under the Industrials sector. The current market capitalization of Graco Inc. is $14.17B. A total of 1.36 million shares were traded on the day, compared to an average of 838.19K shares.

In the most recent transaction, O’Shea Peter J sold 0 shares of GGG for 82.94 per share on May 06 ’24. After the transaction, the President, WW LED, Pres SCA now owns 14,155 company shares. In a previous transaction on Mar 29 ’24, Rothe Christian E sold 10,000 shares at 91.02 per share. GGG shares that President, Industrial Division owns now total 25,583.

Among the insiders who sold shares, JOHNSON DALE D disposed of 63,510 shares on Mar 15 ’24 at a per-share price of $93.70. This resulted in the Chief Comm Development Officer holding 159,615 shares of GGG after the transaction. In another insider transaction, Wordell Angela F sold 3,588 shares at $93.60 per share on Mar 13 ’24. Company shares held by the Executive VP, Operations now total 12,725.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Graco Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 1.19%, and it has a price to earnings (P/E) ratio of 28.99. GGG’s most recent ex-dividend date was 7/22/2024 when it declared a $0.2550 quarterly dividend that was paid in cash on 8/7/2024. Previously, the company paid the dividend on 5/1/2024 with an ex-dividend date of 4/12/2024. The GGG stock dividend was $0.2550 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, GGG has a high of $94.77 and a low of $69.78.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. GGG’s latest balance sheet shows that the firm has $624.30M in Cash & Short Term Investments as of fiscal 2021. There were $226.11M in debt and $506.79M in liabilities at the time. Its Book Value Per Share was $14.32, while its Total Shareholder’s Equity was $1.71B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GGG is Buy with a score of 3.50.

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