Exane BNP Paribas has recently initiated Graco Inc (GGG) stock to Neutral rating, as announced on October 5, 2023, according to Finviz. Earlier, on June 5, 2023, William Blair had resumed the stock to Mkt Perform. Seaport Research Partners also raised Buy rating with a price target of $82. Additionally, Robert W. Baird reduced Neutral rating on July 14, 2022, with a target price of $61. William Blair analysts, in their report published on December 2, 2021, also raised Outperform rating for Graco Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Graco Inc (GGG) Stock Trading Recap
On Wednesday, Graco Inc (GGG) stock saw a decline, ending the day at $82.9 which represents a decrease of $-0.90 or -1.07% from the prior close of $83.8. The stock opened at $83.63 and touched a low of $82.57 during the day, reaching a high of $84.08. The volume of shares traded was 0.84 million exceeding the average volume of 0.73 million.
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GGG Stock Performance and Moving Averages
In recent trading, Graco Inc (GGG) stock price has shown some volatility, fluctuating -3.73% over the last five trades and -3.22% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -7.22%, and it has plunged by -1.06% in the previous three months. Currently, GGG is trading at -3.50%, -1.10%, and -2.22% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, GGG, a Industrials sector stock, is trading -12.53% below its 52-week high but remains 18.80% above its 52-week low. The Average True Range (ATR) (14 days) of 1.27 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Graco Inc’s Profitability and Valuation Ratios
Graco Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 29.12% and a profit margin of 23.16%, with a gross margin of -7.22%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Graco Inc’s market capitalization stands at $14.00 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 28.68, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 26.29. Additionally, the Price-to-Sales Ratio is 6.51, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 5.79, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.97% of Graco Inc (GGG)’s shares, while financial institutions hold 90.07%.
Notable insider trades include GILLIGAN J KEVIN, Director at Graco Inc (GGG), who sold 18000 shares on Jul 30 ’24, at $83.68 each, totaling $1.51 million. On Mar 15 ’24, JOHNSON DALE D, Chief Comm Development Officer, sold 63510 shares for $93.7 each, amounting to $5.95 million. Additionally, on Mar 13 ’24, Wordell Angela F sold 3588 shares at $93.6 each, generating $0.34 million.
