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Last $67.75 USD
Change Today +0.23 / 0.34%
Volume 554.8K
GGG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 4:15 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

graco inc (GGG) Snapshot

Open
$66.66
Previous Close
$67.52
Day High
$67.98
Day Low
$66.56
52 Week High
12/29/14 - $82.14
52 Week Low
08/24/15 - $63.44
Market Cap
3.9B
Average Volume 10 Days
415.1K
EPS TTM
$3.87
Shares Outstanding
57.7M
EX-Date
07/16/15
P/E TM
17.5x
Dividend
$1.20
Dividend Yield
1.73%
Current Stock Chart for GRACO INC (GGG)

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graco inc (GGG) Details

Graco Inc., together with its subsidiaries, designs, manufactures, and markets equipment to pump, meter, mix, and dispense various fluids and coatings worldwide. The company’s Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; 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. This segment also provides pumps that move chemicals, water, waste water, petroleum, food, and other fluids. Its Contractor segment offers sprayers that apply paint to walls and other structures for the professional painters in the construction and maintenance industries, tradesmen, and do-it-yourselfers. The company’s Lubrication segment 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; systems, components, and accessories for the automatic lubrication of industrial and commercial equipment, compressors, turbines, and on- and off-road vehicles; products that automatically lubricate bearings, gears, and generators; and products that evacuate and dispense lubricants. It serves gas transmission and petrochemical, pulp and paper, mining and construction, agricultural equipment, food and beverage, material handling, metal manufacturing, wind energy, and oil and gas exploration industries. The company was founded in 1926 and is headquartered in Minneapolis, Minnesota.

3,100 Employees
Last Reported Date: 02/17/15
Founded in 1926

graco inc (GGG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $728.5K
Vice President of Corporate Manufacturing, Di...
Total Annual Compensation: $290.4K
Vice President and General Manager of Contrac...
Total Annual Compensation: $352.0K
Vice President and General Manager of Europe,...
Total Annual Compensation: $304.4K
Vice President and General Manager of Applied...
Total Annual Compensation: $302.5K
Compensation as of Fiscal Year 2014.

graco inc (GGG) Key Developments

Graco Inc. Launches New Line of Chemical Injection Pumps for the Oil & Natural Gas Market

Graco Inc. announced that it is launching a new line of chemical injection equipment for use in the midstream and upstream sectors of the Oil & Natural Gas markets. This new, internally designed and developed product line includes highly durable pumps, technologically advanced controllers, and accessories to dispense, control, and monitor numerous chemical fluids used to keep oil and natural gas pipelines and wellheads flowing freely in most operating and weather conditions. The AC & DC Wolverine pump line includes hundreds of variations of solar-operated and electrically-operated pumps and packages to meet the needs of operators primarily in the upstream and midstream oil exploration markets. Wolverine chemical injection pumps reduce atmospheric emissions while providing a greater level of flow control when used with Graco injection rate controllers.

Graco Mulls Acquisitions

Graco Inc. (NYSE:GGG) intends to pursue acquisitions. "We are still focused on growing via acquisition and continue to work our pipeline. A couple of small deals closed in the quarter, but we continue to look for larger transaction opportunities. As has been noted by most peers in our space, multiples are high. We're maintaining our discipline and will pull the trigger on the right opportunities at the right valuation. Regarding share repurchases, we anticipate continuing to reduce our share count. Our priority, though, is to continue to drive the top and bottom line via organic growth and acquisitions," Pat McHale, president and Chief Executive Officer, said.

Graco Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 26, 2015; Provides Earnings Guidance for the Full Year of 2015

Graco Inc. reported unaudited consolidated earnings results for the first quarter ended June 26, 2015. For the quarter, the company reported net sales of $335,489,000 compared to $322,549,000 a year ago. Operating earnings were $83,891,000 compared to $85,848,000 a year ago. Net earnings were $172,637,000 or $2.90 per diluted share compared to $66,236,000 or $1.07 per diluted share a year ago. Adjusted net earnings were $62.9 million or $1.05 per share compared to $55.4 million or $0.89 per share a year ago. Net debt was $270 million as at the second quarter of 2015. For the six months, the company reported net sales of $641,942,000 compared to $612,511,000 a year ago. Operating earnings were $149,122,000 compared to $160,553,000 a year ago. Net earnings were $241,478,000 or $4.02 per diluted share compared to $116,981,000 or $1.88 per diluted share a year ago. Adjusted net earnings were $102.0 million or $1.70 per share compared to $102.5 million or $1.65 per share a year ago. Capital expenditures year-to-date has been $20 million. Cash provided by operating activities is $97 million year-to-date. The company continued to target mid-single-digit organic sales growth, on a constant currency basis, and growth in all reportable segments and regions for the full-year 2015. At current exchange rates, unfavorable changes in foreign currency translation rates create a full-year headwind of approximately 5% on sales and 11% on earnings in 2015. The company expects CapEx of $40 million for the full year of 2015.

 

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Industry Analysis

GGG

Industry Average

Valuation GGG Industry Range
Price/Earnings 11.7x
Price/Sales 3.1x
Price/Book 5.5x
Price/Cash Flow 11.1x
TEV/Sales 2.8x
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