Graco Inc. (NYSE: GGG) on Tuesday, plunged -0.67% from the previous trading day, before settling in for the closing price of $80.82. Within the past 52 weeks, GGG’s price has moved between $69.78 and $94.77.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 6.11%. The company achieved an average annual earnings per share of -1.35%. With a float of $167.03 million, this company’s outstanding shares have now reached $167.95 million.
Considering the fact that the conglomerate employs 4000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 53.52%, operating margin of 29.16%, and the pretax margin is 27.76%.
Graco Inc. (GGG) Insider Activity
Observing investor behavior towards Specialty Industrial Machinery industry stocks is more important than anything else. The insider ownership of Graco Inc. is 1.12%, while institutional ownership is 93.11%. The most recent insider transaction that took place on Jul 30 ’24, was worth 1,506,182. In this transaction Director of this company sold 18,000 shares at a rate of $83.68, taking the stock ownership to the 0 shares. Before that another transaction happened on Jul 30 ’24, when Company’s Director proposed sale 18,000 for $83.51, making the entire transaction worth $1,503,180.
Graco Inc. (GGG) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.76 earnings per share (EPS) for the period topping the consensus outlook (set at 0.73) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.35% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.40% during the next five years compared to 8.36% growth over the previous five years of trading.
Graco Inc. (NYSE: GGG) Trading Performance Indicators
Graco Inc. (GGG) is currently performing well based on its current performance indicators. A quick ratio of 2.94 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.30. Likewise, its price to free cash flow for the trailing twelve months is 29.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.89, a number that is poised to hit 0.76 in the next quarter and is forecasted to reach 3.18 in one year’s time.
Technical Analysis of Graco Inc. (GGG)
Compared to the last year’s volume of 0.75 million, its volume of 0.71 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 47.28%. Additionally, its Average True Range was 1.67.
During the past 100 days, Graco Inc.’s (GGG) raw stochastic average was set at 16.43%, which indicates a significant decrease from 29.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.48% in the past 14 days, which was higher than the 21.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $80.65, while its 200-day Moving Average is $84.28. Nevertheless, the first resistance level for the watch stands at $81.07 in the near term. At $81.85, the stock is likely to face the second major resistance level. The third major resistance level sits at $82.45. If the price goes on to break the first support level at $79.69, it is likely to go to the next support level at $79.09. Should the price break the second support level, the third support level stands at $78.31.
Graco Inc. (NYSE: GGG) Key Stats
Market capitalization of the company is 13.56 billion based on 169,136K outstanding shares. Right now, sales total 2,196 M and income totals 506,510 K. The company made 553,240 K in profit during its latest quarter, and 132,980 K in sales during its previous quarter.
