Wire
Graco Keeps Quarterly Dividend at $0.295 a Share, Payable Nov. 4 to Holders of Record Oct. 19
Graco Keeps Quarterly Dividend at $0.295 a Share, Payable Nov. 4 to Holders of Record Oct. 19
$GGG
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US Markets
Nordson Raises Fiscal 2026 Outlook on Strong Demand Following Third-Quarter Beat
Nordson (NDSN) shares advanced early Thursday after the precision technology company lifted its full-year outlook amid rising demand in key end markets, while the firm reported better-than-expected fiscal third-quarter results.Adjusted earnings are now anticipated to come in between $11.80 and $12 per share for fiscal 2026, the company said late Wednesday, up from its previous projections of $11.30 to $11.80. Revenue is pegged at $3.04 billion to $3.08 billion, compared with the prior guidance of $2.93 billion to $3.01 billion.The current consensus on FactSet is for non-GAAP EPS of $11.64 and sales of $2.99 billion for the fiscal year. The company's stock jumped 7% in the most recent premarket activity.Nordson said it has entered the current three-month period with strong demand momentum and backlog up 35% year over year."Based on backlog and order entry momentum, we expect the strong sales of the first nine months to continue through the fourth quarter," Chief Executive Sundaram Nagarajan said in a statement. "We are delivering above-market organic growth through accelerating demand in key end markets."For the quarter ended July, the firm's adjusted EPS climbed to $3.25 from $2.73 last year, topping the Street's view for $3.09. Sales improved 10% to $817.7 million, ahead of the average analyst estimate on FactSet of $779.5 million."The strong momentum of the first half continued through the third quarter, delivering results above the high-end of our most recent earnings guidance," according to Nagarajan.Revenue in the industrial precision solutions segment increased 4.7% to $367.2 million, including a 3% gain in organic sales amid strength in the packaging, industrial coatings, polymer processing and nonwovens product lines, the company said. The medical and fluid solutions business saw sales increase 5% to $230.5 million, while advanced technology solutions jumped 28% to $219.9 million.Revenue rose across all geographies the firm operates in, led by growth of 22% in the Asia-Pacific region.Last month, rivals Dover (DOV) and Graco (GGG) each reported second-quarter adjusted earnings above market estimates, while both companies' revenue fell short of expectations. Industrial equipment maker IDEX (IEX) recorded better-than-expected second-quarter results.
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Insider Trading
Graco Insider Sold Shares Worth $257,487, According to a Recent SEC Filing
Eric Etchart, Director, on August 03, 2026, sold 3,218 shares in Graco (GGG) for $257,487. Following the Form 4 filing with the SEC, Etchart has control over a total of 46,452 common shares of the company, with 46,452 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/42888/000004288826000125/xslF345X05/form4.xml
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Wire
Graco's Order Trends, Backlogs Strengthen Near-Term Visibility, RBC Says
Graco (GGG) Q2 operating results were broadly "in line" with expectations after excluding a $9 million one-time tariff refund, while accelerating bookings and a larger backlog improved the company's near-term topline visibility, RBC Capital Markets said in a report emailed Friday.Organic sales declined 1%, below the firm's estimate for 1.3% growth, as project timing and slower backlog conversion weighed on results, while organic bookings rose 5% during the quarter, "accelerated" to 14% over the six weeks and helped lift backlog 28% year to date, the report said.Improving residential demand, healthy general industrial and maintenance activity, major data center and semiconductor project wins and continued new-product momentum point to stronger growth in H2. Graco also issued quarterly revenue guidance for the first time, reflecting better visibility from its order trends and backlog, according to the report.The company reaffirmed its full-year organic sales forecast for low-single-digit growth, implying mid-single-digit growth in H2. The firm raised the company's 2026 and 2027 earnings estimates to $3.25 and $3.50 per share, respectively, according to the report.RBC kept its outperform rating on Graco, and increased the price target to $96 from $92.Price: $79.56, Change: $+1.81, Percent Change: +2.33%
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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
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.
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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%
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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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