Wire
Graco Keeps Quarterly Dividend at $0.295 a Share, Payable Aug. 5 to Holders of Record July 20
Graco Keeps Quarterly Dividend at $0.295 a Share, Payable Aug. 5 to Holders of Record July 20
$GGG
$GGG
6 stories mentioning GGGUpdated 6d ago
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Wire
Graco Reaffirms Long-Term Growth Algorithm, Expands M&A Contribution Target, RBC Says
Graco (GGG) reaffirmed its through-cycle long-term growth algorithm at its investor day, with its new segment structure and "One Graco" operating model supporting future revenue growth and reinforcing its position as an under-the-radar compounder, RBC Capital Markets said in a Wednesday note.The company reiterated its targets of 5% to 7% organic growth and expects 3% to 4% contribution from M&A. This implies a 9% to 10% total revenue compound annual growth rate. Graco is targeting a 12% earnings compound annual growth rate.The company continues to pursue growth through core product expansion, margin improvement and acquisitions, according to the note.Additionally, Graco is accelerating its M&A strategy and targeting one-third of future growth from acquisitions. The company's pipeline includes more than 100 vetted targets. These targets are screened under strict financial and strategic criteria. Graco also has a net cash balance sheet, which supports its acquisition capacity.RBC has an outperform rating on the stock with a $95 price target.Shares of Graco were up 1.8% in Wednesday trading.Price: $80.09, Change: $+1.41, Percent Change: +1.79%
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Research
Research Alert: CFRA Keeps Sell Opinion On Shares Of Ggg
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target to $70 from $80, valuing shares at 21x our 2027 EPS outlook of $3.36 (down from $3.46; 2026 EPS estimate revised to $3.10 from $3.18), a discount to GGG's historical multiple average given high uncertainty around a sustained recovery in the housing market. GGG's Q1 print was disappointing, with organic revenues declining amid broad-based weakness across most geographies, particularly in Asia-Pacific. While acquisitions provided some offset to total sales growth, all three segments experienced organic revenue headwinds, with profitability deteriorating. GGG continues to navigate a challenging operating environment given soft residential markets. Pricing continues to prop results up, though ongoing volume decline will continue to limit upside, in our view. Industrial orders were a bright spot in Q1 given an expanding manufacturing base in the U.S., though the downtrend in the Contractor business will need to stabilize to not offset the emerging demand pick-up.
$GGG
Wire
Graco's New Segments, Cash Position Bolster Growth Prospects, RBC Says
Graco's (GGG) new segment structure and strong balance sheet give the company more room to invest and return cash to shareholders, supporting a steadier long-term growth profile, RBC Capital Markets said Sunday in a report.At its May 5 investor day, the company is expected to offer more detail on its high-mix, low-volume manufacturing approach, which helps it deliver some of the best margins in the sector despite a cyclical product lineup of spray-finishing systems and pumps, the report said.Multiyear growth opportunities include large US industrial and infrastructure projects and rising demand tied to electrification, the report said. Graco is expected to reiterate its long-term targets of 5% to 7% organic revenue growth and 12% annual earnings growth, RBC said.A net cash position of $685 million gives the company flexibility for buybacks and acquisitions, though a weak housing market remains a near-term headwind, the report said.RBC has an outperform rating on Graco stock with a $95 price target.Price: $80.87, Change: $-0.71, Percent Change: -0.87%
$GGG
Research
Research Alert: Graco Prints Q1 Miss Amid Contracting Margins; Organic Sales Fall 6%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Graco Inc. (GGG) posted disappointing Q1 results, with organic sales falling 6% Y/Y and margin compression, as acquisitions enabled only 2% total growth despite underlying business headwinds across most geographies. Asia-Pacific was particularly weak with 8% organic decline, while all three segments faced revenue pressures from soft residential construction activity, project timing variability, and persistent tariff-related cost pressures. The challenging operating environment reflects continued mortgage rate headwinds suppressing housing markets and unfavorable product/channel mix impacting profitability. Management maintained guidance for low single-digit organic sales growth, though execution improvements and market recoveries appear necessary to achieve targets. We believe volume declines are more than offsetting pricing benefits as the company implements increases to counter tariff impacts, with inflationary pressures continuing to pressure its bottom-line performance despite pricing realization efforts.
$GGG
Wire
Graco Q1 Adjusted Earnings Decline, Revenue Rises; 2026 Guidance Maintained
Graco (GGG) reported fiscal Q1 adjusted earnings late Wednesday of $0.66 per diluted share, down from $0.70 a year earlier.Analysts polled by FactSet expected $0.74.Revenue for the three months ended March 27 was $540.1 million, up from $528.3 million a year earlier.Analysts surveyed by FactSet expected $560.6 million.The company reaffirmed its 2026 revenue guidance of low single-digit organic growth on a constant-currency basis.
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