Graco Inc. (NYSE:GGG) went down by -1.19% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Specialty Industrial Machinery giant went up by $47.42 to trade ended Wednesday trading at $47.99. This is down from the $47.99 price recorded on Tuesday’s trading session. Thanks to this latest performance, GGG is closer to the higher price 52-week target of $50.00 and further from the lowest price target of $47.00. Its performance from the start of the year has also been negative, with GGG down by -8.81% year-to-date.
Graco Inc. (GGG) started the day trading at $47.99 and recorded an intraday high of $48.24. It also recorded an intraday low of $47.35 during Wednesday’s trading session. Graco Inc. is a very active stock that recorded a trading volume that is less than -17.07% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 707073, which is less than -17.07 of the total average daily trading volume of 827.75K.
Graco Inc. (NYSE:GGG) 2020 Performance Impressive
The increase in GGG’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of GGG currently stands at $56.99, which is higher than the current trading price of the stock by 16.79%. However, GGG’s current trading price is -23.39% lower than the 52-week low price of $38.43. In terms of trading volume, Graco Inc. currently experienced healthy participation during the last trading session. 707073 shares of Graco Inc. were traded on the stock exchange on Wednesday, which is less than -17.07% of the 827.75K average trading volume of the stock.
The performance of the stock has been positive over the past year. GGG’s performance over the past one year has seen it plunge by -6.62%, while the stock has gone down by -8.81% in the last six months. The quarterly performance of GGG currently stands at 4.20%, and it is down by -2.47% in the last month. The only positive figure was from the weekly performance, which currently reads 2.18%. At the time of writing GGG’s report, the company has a total market cap of $7.91B, making it one of the largest publicly-traded companies in the world.Graco Inc. also has over 3700 employees all over the world.
GGG Insider Activities
For Graco Inc., insiders hold 88.20% of all company shares. The insider transactions over the past six months are up by 3.00%. During that period, insiders bought 656,796 shares in 21 transactions. In that same period, insiders sold 645,371 of their shares in 23 transactions. After these transactions, insiders at Graco Inc. now hold 1.96M shares, which is over 88.64% of the total company stocks. Institutional investors currently hold a large chunk of the GGG shares, as they control 1.18% of the company’s total stock.
GGG Fundamental Analysis
For Graco Inc., the stock’s diluted earnings per share (EPS) stands at 1.92. In the coming year, analysts expect the EPS to be 1.68. The EPS growth will up over the next five years to 8.00% after surging by 10.50% in the previous five years. In terms of revenue, Graco Inc.’s quarterly sales (YOY) is growing at 0.25, which is lower than the average annual revenue of 10.50% over the past half a decade.
The Return on Investment (ROI) on Graco Inc.’s stock currently stands at 30.30%, and it has a net profit margin of 20.40%. The operating margin of the company is 25.40%, and its gross margin is 52.20%.
GGG Analysts Prediction
The B. Riley FBR Inc. has a Neutral rating for Graco Inc., predicting the stock price to stay between $47 and $50. and RBC Capital Mkts reiterate their Sector Perform position on the stock ($81 and $85).
Sun Trust Rbsn Humphrey and Wunderlich also believe that Graco Inc.’s stock is outperforming at the moment.
At the moment, Graco Inc.’s Total Debt to Equity ratio stands at 0.44, and they have a long-term Debt to Equity ratio of 0.39.
GGG Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of GGG currently stands at -3.78%, while the SMA50 is 0.32%. The biggest one is the SMA200, which is currently reading -2.33% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 46.84, while its price to earnings ratio (P/E) is 24.72.