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RBC Capital Continues to Outperform Graco (GGG) Recommendations

Fintel will acquire RBC Capital on April 28, 2023 maintained Graco (NYSE:GGG) Coverage excellent recommendation.

Analyst Price Forecast Suggests 1.16% Decline

Average 1 year as of April 24, 2023 price target For Graco it is 78.37. Forecasts range from a low of $70.70 to a high of $86.10. The average price target represents a decrease of 1.16% from the latest reported closing price of 79.29.

see us corporate leaderboard Maximum price target upwards.

Graco’s projected annual revenue is 2,219MM, an increase of 1.84%. Projected annual non-GAAP EPS is 2.78.

Graco Declares Dividend of $0.24

On February 17, 2023, the company will regular quarterly dividend $0.24 per share ($0.94 annualized). Shareholders registered as of April 17, 2023 will receive payment on May 3, 2023. Previously, the company paid him $0.24 per share.

At a current price of $79.29 / share, this stock has a dividend yield of 1.19%.

Sampled weekly over the five-year period, the average dividend yield was 1.24%, with a low of 0.95% and a high of 1.77%. The standard deviation of yield is 0.17 (n=236).

The current dividend yield is 0.34 standard deviations below its historical average.

The company’s dividend payout ratio is 0.32 times. The payout ratio indicates how much of a company’s profits is paid out as dividends. A payout ratio of 1 (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above 1 means the company is steeped in savings to sustain its dividend. This is not a healthy situation. A company with little growth prospects would be expected to pay the majority of its income in dividends. This usually means a payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects. This translates to a payout ratio of zero to 0.5.

The company’s three-year dividend growth rate is 0.34%, indicating that it has been increasing its dividend for a long time.

What is Fund Sentiment?

there is 1047 funds or institutions reporting positions with Graco. That’s an increase of 80 owners or 8.27% over the last quarter.Portfolio average weight of all funds GGG dedicated was 0.30%, an increase of 0.62%. The total number of shares owned by the institution has increased by 1.76% to 172,588K shares over the past three months. of put/call ratio ‘s GGG is 0.67, indicating a bullish outlook.

What are other shareholders doing?

Stocks held by GGG / Graco Inc. institutions

Fiera Capital holds 9,156,000 shares representing a 5.45% ownership interest in the company. In previous filings, the company reported that it owned 9,307,000 of his shares. Decrease of 1.66%.office decreased Portfolio allocation at GGG increased 44.16% last quarter.

Kane Anderson Rudnick Investment Management It holds 6,543K shares representing a 3.89% ownership interest in the company. In previous filings, the company reported he owned 7,244,000 shares. Decrease 10.71%.office decreased Portfolio allocation at GGG increased 4.71% last quarter.

IJH – iShares Core S&P Mid Cap ETF holds 5,204,000 shares representing a 3.10% ownership interest in the company. In previous filings, the company reported he owned 4,942,000 shares. will increase of 5.04%.office gain Portfolio allocation at GGG was up 3.13% last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks It owns 5,123,000 shares representing a 3.05% ownership interest in the company. In previous filings, the company reported that it owned 5,041,000 of his shares. will increase of 1.59%.office gain Portfolio allocation at GGG increased 5.28% last quarter.

Alecta Pensionsforsakring, Omsedigt It owns 4,400,000 shares representing a 2.62% ownership interest in the company. No change from the previous quarter.

Graco Background Information
(This description is provided by the company.)

Graco Inc. offers technology and expertise for managing fluids in both industrial and commercial applications. We design, manufacture and market systems and equipment for moving, measuring, controlling, dispensing and atomizing fluid and powder materials. Based in Minneapolis, his Graco is a recognized leader in its field, serving customers in the manufacturing, processing, construction and maintenance industries around the world.

Graco Submissions to regulatory authorities.

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel will acquire RBC Capital on April 28, 2023 maintained Graco (NYSE:GGG) Coverage excellent recommendation. Analyst Price Forecast Suggests 1.16% Decline Average 1 year as of April 24, 2023 price target For Graco it is 78.37. Forecasts range from a low of $70.70 to a high of $86.10. The average price target represents a decrease of 1.16% from the latest reported closing price of 79.29.

see us corporate leaderboard Maximum price target upwards. Graco’s projected annual revenue is 2,219MM, an increase of 1.84%. Projected annual non-GAAP EPS is 2.78. Graco Declares Dividend of $0.24 On February 17, 2023, the company will regular quarterly dividend $0.24 per share ($0.94 annualized). Shareholders registered as of April 17, 2023 will receive payment on May 3, 2023. Previously, the company paid him $0.24 per share. At a current price of $79.29 / share, this stock has a dividend yield of 1.19%. Sampled weekly over the five-year period, the average dividend yield was 1.24%, with a low of 0.95% and a high of 1.77%. The standard deviation of yield is 0.17 (n=236).

The current dividend yield is 0.34 standard deviations below its historical average. The company’s dividend payout ratio is 0.32 times. The payout ratio indicates how much of a company’s profits is paid out as dividends. A payout ratio of 1 (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above 1 means the company is steeped in savings to sustain its dividend. This is not a healthy situation. A company with little growth prospects would be expected to pay the majority of its income in dividends. This usually means a payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects. This translates to a payout ratio of zero to 0.5. The company’s three-year dividend growth rate is 0.34%, indicating that it has been increasing its dividend for a long time. What is Fund Sentiment? there is 1047 funds or institutions reporting positions with Graco. That’s an increase of 80 owners or 8.27% over the last quarter.Portfolio average weight of all funds GGG dedicated was 0.30%, an increase of 0.62%. The total number of shares owned by the institution has increased by 1.76% to 172,588K shares over the past three months. of put/call ratio ‘s GGG is 0.67, indicating a bullish outlook. What are other shareholders doing? Fiera Capital holds 9,156,000 shares representing a 5.45% ownership interest in the company. In previous filings, the company reported that it owned 9,307,000 of his shares. Decrease of 1.66%.office decreased Portfolio allocation at GGG increased 44.16% last quarter.

Kane Anderson Rudnick Investment Management It holds 6,543K shares representing a 3.89% ownership interest in the company. In previous filings, the company reported he owned 7,244,000 shares. Decrease 10.71%.office decreased Portfolio allocation at GGG increased 4.71% last quarter. IJH – iShares Core S&P Mid Cap ETF holds 5,204,000 shares representing a 3.10% ownership interest in the company. In previous filings, the company reported he owned 4,942,000 shares. will increase of 5.04%.office gain Portfolio allocation at GGG was up 3.13% last quarter. VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks It owns 5,123,000 shares representing a 3.05% ownership interest in the company. In previous filings, the company reported that it owned 5,041,000 of his shares. will increase of 1.59%.office gain Portfolio allocation at GGG increased 5.28% last quarter. Alecta Pensionsforsakring, Omsedigt It owns 4,400,000 shares representing a 2.62% ownership interest in the company. No change from the previous quarter. Graco Background Information(This description is provided by the company.)

Graco Inc. offers technology and expertise for managing fluids in both industrial and commercial applications. We design, manufacture and market systems and equipment for moving, measuring, controlling, dispensing and atomizing fluid and powder materials. Based in Minneapolis, his Graco is a recognized leader in its field, serving customers in the manufacturing, processing, construction and maintenance industries around the world. Graco Submissions to regulatory authorities. This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/rbc-capital-maintains-graco-ggg-outperform-recommendation RBC Capital Continues to Outperform Graco (GGG) Recommendations

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