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Graco Inc. (GGG)

NYSE - NYSE Delayed price. Currency in USD
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78.54-0.06 (-0.08%)
At close: 4:00PM EDT
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  • J
    Jacob
    this is a longterm retirement stock. Fluid valves,sprayers and etc. will always be needed.
  • R
    Ross
    Hello? Is anyone there!? Decent products and the Fed is pouring jet fuel into the construction industry. Hang on.
  • S
    Steve-382
    Another great report, but the shares dropped 10% after the last record results, so who knows what it will do this time. Another boring record for any Q1 on earnings and revenues. They always try to damp enthusiasm going forward to make it easier to keep beating the analyst's forecast.
  • S
    Steve-382
    FWIW, I am adding GGG under $70 per share. If the economy is going to really take off with everyone getting vaccinated, Graco should do quite well. Seems like the virus will be under control by late spring.
  • G
    Green
    How does a company in this market trade at a trailing PE of over 25? This is a cyclical company whose earnings are going to get cut bigtime like they did in the last recession. The real PE is now probably closer to 50.
  • S
    Steve-382
    Well, record earnings and revenues for any Q4, but in this market I would expect to see the share price drop a little tomorrow since it was pretty much in line with expectations. I would be a buyer if it drops back to $35 or so. They have their usual forecast of 5% growth for next year. Conference call will be at 11:00 AM Tuesday.

    https://finance.yahoo.com/news/graco-reports-record-sales-operating-211700335.html
    Fourth Quarter and Annual Sales Growth in All Segments and Regions
    Fourth Quarter and Annual Sales Growth in All Segments and Regions
    finance.yahoo.com
  • S
    Steve-382
  • S
    Steve-382
    Not sure why we dropped from $50 to $40 recently. Tariffs,weaker house construction, any other thoughts?
  • S
    Steve-382
    So, I just copied my message from the Q1 report:

    Another good earnings report. Record earnings and revenues along with a positive outlook for the rest of the year.
  • Y
    Yahoo Finance Insights
    GGG is down -66.75% to 45.06
  • S
    Steve-382
    Graco was mentioned favorably in Barron's this week.

    The third company on our list, Graco (GGG), designs and makes industrial equipment to dispense, mix, and measure a range of coatings and fluids used for sealing cartons, keeping pipelines from corroding, and staining wood. Many are replaced frequently, which contributes to a steady free cash flow. Graco has used that free cash, up 31% last year, to develop products and push into new markets profitably. That’s helped to diversify its sources of free cash flow and keeps the stock attractive, says Christopher Bonavico, co-manager of the Jackson Square SMID-Cap Growth fund (DCGTX). Graco’s net debt to Ebitda sits at just 0.4, as it builds cash and avoids acquisitions in a frothy market.
  • S
    Steve-382
    Nice. 3 for 1 split and raise the dividend 10%. Had been expecting that for a while.
  • V
    Vol
    Big firm news yesterday, GGG reported its detailed performance in the past year. The earnings reported by a firm often differ from its cash flows. This distinction, referred to as "accruals", speaks to the firm’s estimation of profits not yet received. see http://www.financial-education-hub.com/1/GGG. Nevertheless, the estimation is not perfect. For example, managers may abuse accruals to adjust earnings, resulting in low future profits. This suggests that a firm is likely to perform poorly in the coming years as compared to firms that have the same reported earnings but lower accruals.
  • S
    Steve-382
    Another good earnings report. Record earnings and revenues along with a positive outlook for the rest of the year.

    https://finance.yahoo.com/news/graco-reports-record-sales-operating-201000765.html
    Graco Inc. today announced results for the first quarter ended March 30, 2018.
    Graco Inc. today announced results for the first quarter ended March 30, 2018.
    finance.yahoo.com
  • S
    Steve-382
  • Y
    Yahoo Finance Insights
    GGG reached a new All Time High at 46.57
  • Y
    Yahoo Finance Insights
    GGG reached a new All Time High at 47.42
  • e
    elksfootball75
    This thing is on fire today, might as well buy some more before it jumps way up
  • S
    Steve-382
    Amazing earnings report tonight. Up $5.59 after hours. Yeah, it's expensive, but it's always expensive and they run a tight ship.
  • R
    Ross
    Why is there no activity on this board?