Analysts See $1.05 EPS for Graco Inc. (GGG)

July 18, 2017 - By Stephen Andrade

 Analysts See $1.05 EPS for Graco Inc. (GGG)
Investors sentiment decreased to 1.1 in 2016 Q4. Its down 0.08, from 1.18 in 2016Q3. It fall, as 26 investors sold Graco Inc. shares while 90 reduced holdings. 38 funds opened positions while 90 raised stakes. 48.14 million shares or 2.34% more from 47.04 million shares in 2016Q3 were reported.
Zurcher Kantonalbank (Zurich Cantonalbank) owns 1,840 shares or 0% of their US portfolio. 11,900 were reported by South Dakota Council. Tower Rech Cap Lc (Trc) reported 291 shares. Keybank Association Oh reported 3,318 shares stake. Rk Capital Management Ltd Llc stated it has 92,525 shares or 1.59% of all its holdings. New York-based Qs Investors Ltd Liability has invested 0% in Graco Inc. (NYSE:GGG). Benjamin F Edwards & has 0% invested in Graco Inc. (NYSE:GGG). Advantus Management reported 6,920 shares. Employees Retirement Of Texas invested in 23,000 shares or 0.03% of the stock. 1,400 are held by Hexavest Incorporated. Raymond James Fincl Ser Advsr Inc owns 4,562 shares. 443,541 were accumulated by Macquarie Group. Laurion Capital Ltd Partnership owns 3,800 shares. Jlb Assocs holds 2.56% or 113,916 shares in its portfolio. Riverhead Mgmt Ltd Liability Com owns 3,000 shares.

Since February 2, 2017, it had 0 insider buys, and 22 selling transactions for $26.18 million activity. Etchart Eric also sold $37,099 worth of Graco Inc. (NYSE:GGG) shares. The insider Johnson Jeffrey P. sold 28,000 shares worth $3.16M. MITAU LEE R sold 3,600 shares worth $325,316. 25,500 shares were sold by Zumbolo Brian J, worth $2.76 million. Shares for $330,944 were sold by CARROLL WILLIAM J. RESCORLA CHARLES L sold $3.30M worth of Graco Inc. (NYSE:GGG) on Tuesday, May 9. JOHNSON DALE D sold $3.27M worth of stock.

Wall Street await Graco Inc. (NYSE:GGG) to release earnings on July, 19. Analysts forecast earnings per share of $1.05, up exactly $0.16 or 17.98 % from 2014’s $0.89 EPS. The expected GGG’s profit could reach $58.30M giving the stock 25.73 P/E in the case that $1.05 earnings per share is reported. After posting $1.05 EPS for the previous quarter, Graco Inc.’s analysts now forecast 0.00 % EPS growth. The stock decreased 0.02% or $0.02 on July 17, reaching $108.06. About shares traded. Graco Inc. (NYSE:GGG) has risen 41.79% since July 18, 2016 and is uptrending. It has outperformed by 25.09% the S&P500.

Graco Inc. (NYSE:GGG) Ratings Coverage

Among 10 analysts covering Graco Inc (NYSE:GGG), 1 have Buy rating, 1 Sell and 8 Hold. Therefore 10% are positive. Graco Inc had 17 analyst reports since September 15, 2015 according to SRatingsIntel. The stock of Graco Inc. (NYSE:GGG) has “Hold” rating given on Wednesday, September 7 by Deutsche Bank. Alembic initiated Graco Inc. (NYSE:GGG) rating on Tuesday, September 15. Alembic has “Neutral” rating and $70 target. The rating was downgraded by Sidoti to “Neutral” on Monday, April 4. The firm has “Hold” rating given on Wednesday, February 1 by Wunderlich. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, February 1. As per Monday, June 5, the company rating was maintained by RBC Capital Markets. The company was maintained on Wednesday, April 12 by RBC Capital Markets. The rating was downgraded by SunTrust to “Neutral” on Thursday, April 14. The stock has “Buy” rating by Suntrust Robinson on Tuesday, November 3. The company was maintained on Monday, July 10 by RBC Capital Markets.

Graco Inc. designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The company has market cap of $6.00 billion. The Firm specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control. It has a 104.8 P/E ratio. The Firm operates through three divisions: Industrial, Process and Contractor.

More news for Graco Inc. (NYSE:GGG) were recently published by: Businesswire.com, which released: “Graco Inc. Announces Second Quarter 2017 Earnings Conference Call” on July 05, 2017. Nasdaq.com‘s article titled: “Graco Inc. (GGG) Ex-Dividend Date Scheduled for July 13, 2017” and published on July 12, 2017 is yet another important article.

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