Graco (NYSE:GGG) had declared a cash dividend of $0.3300 on Sep 16, 2016. The shares will quote ex-dividend on Oct 13, 2016 and the record date has been fixed for Oct 17, 2016. On Sep 16, 2016 share price, the yield comes out to be 1.7761%. The dividend payable date has been fixed on Nov 2, 2016.
In a different note, Deutsche Bank said it Initiates Coverage on Graco, according to a research note issued on Sep 7, 2016. The shares have been rated ‘Hold’ by the firm. On Jul 21, 2016, William Blair said it Downgrades its rating on Graco. The shares have been rated ‘Market Perform’ by the firm.
Graco (GGG) made into the market gainers list on Thursdays trading session with the shares advancing 2.46% or 1.82 points. Due to strong positive momentum, the stock ended at $75.84, which is also near the day’s high of $75.86. The stock began the session at $74.78 and the volume stood at 2,20,482 shares. The 52-week high of the shares is $86.62 and the 52 week low is $63.05. The company has a current market capitalization of $4,223 M and it has 5,56,79,000 shares in outstanding.
Graco(GGG) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $348.13M. Analysts had an estimated revenue of $352.59M. Earnings per share were $0.89. Analysts had estimated an EPS of $1.00.
Several Insider Transactions has been reported to the SEC. On Sep 8, 2016, Patrick J Mchale (President and CEO) sold 11,500 shares at $74.19 per share price.Also, On Jun 3, 2016, Charles L Rescorla (Vice President) sold 22,500 shares at $81.73 per share price.On May 12, 2016, Sant R William Van (director) sold 14,700 shares at $81.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Graco Inc. (Graco) is a manufacturing company. The Company designs manufactures and markets equipment to pump meter mix and dispense a variety of fluids and coatings. Its equipment is used in the construction automotive industrial mining oil and natural gas process public works and other industries. The Company operates in three segments: Industrial Contractor and Lubrication. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints coatings sealants adhesives and other fluids. The Contractor segment markets sprayers for architectural coatings for painting corrosion control texture and line striping. The Lubrication segment markets products to move and dispense lubricants for service garages fleet service centers automobile dealerships the mining industry and industrial lubrication applications. Graco sells its products in North Central and South America Europe Middle East and Africa and Asia Pacific.