Stock of the Day

January 17, 2024

Graco (GGG)

$81.71
+$1.23 (+1.5%)
Market Cap: $13.03B

About Graco

Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. The Industrial segment provides liquid finishing equipment, paint circulating and supply pumps, paint circulating advanced control systems, plural component coating proportioners, and accessories and spare parts; equipment that pumps, meters, mixes and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems and applicators, and precision dispensing solutions. It also offers powder finishing products to coat powder finishing on metals under the Gema and SAT brands. The Process segment provides pumps to move and dispense chemicals, water, wastewater, petroleum, food, lubricants, and other fluids; pressure valves used in the oil and natural gas industry, other industrial processes, and research facilities; and chemical injection pumping solutions for injection of chemicals into producing oil wells and pipelines. It also supplies pumps, hose reels, meters, valves, and accessories for fast oil change facilities, service garages, fleet service centers, automobile dealerships, auto parts stores, truck builders, and heavy equipment service centers; and systems, components, and accessories for the automatic lubrication of bearings, gears, and generators in industrial and commercial equipment, compressors, turbines, and on- and off-road vehicles. It sells its products through distributors, original equipment manufacturers, and home center channels, as well as to end-users. The company was incorporated in 1926 and is headquartered in Minneapolis, Minnesota.

Today's Trend

Graco Inc. (NYSE: GGG) shares have decreased as investors digest a mixed set of analyst estimate revisions. The updates are generally modest and do not introduce a major new business catalyst, which may be limiting their ability to support the stock.

  • Zacks Research raised its FY2026 EPS forecast to $3.26 from $3.21, above the current full-year consensus estimate of $3.21. It also increased its FY2027 forecast to $3.47 from $3.44, suggesting slightly improved expectations for Graco’s earnings outlook. Equities Analysts Set Expectations for Graco FY2026 Earnings
  • Several quarterly estimates were raised, including Q4 2026 EPS to $0.84 from $0.83, Q1 2027 EPS to $0.75 from $0.74, Q2 2027 EPS to $0.89 from $0.88, Q1 2028 EPS to $0.81 from $0.80, and Q4 2027 EPS to $0.97 from $0.96. These revisions point to incremental confidence in near- and medium-term earnings.
  • Analysts issued updated projections for Graco’s upcoming quarterly results, but the available reports do not show a major change in consensus or a specific operational development. The estimates remain close to the existing outlook. Brokers Offer Predictions for Graco's Q4 Earnings
  • A separate comparison of Graco and Kone Oyj provides no detailed company-specific forecast or new fundamental information in the supplied report, making it unlikely to materially affect the investment case. Financial Survey: Graco and Kone Oyj
  • Zacks Research lowered its Q2 2028 EPS forecast to $0.99 from $1.00. Although the reduction is small, it offsets some of the positive revisions and contributes to a mixed earnings picture.

Overall, the news is mildly favorable for GGG because full-year estimates moved higher, but the limited size of the increases and one later-period downgrade provide little immediate support for the stock.

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