Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries.
Company profile
Ticker
GGG
Exchange
Website
CEO
Patrick McHale
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Electric Torque Machines, Inc • Gema Europe s.r.l. • Gema México Powder Finishing, S. de R.L. de C.V. • Gema (Shanghai) Co., Ltd. • Gema Switzerland GmbH • Gema USA Inc. • GFEC Free Zone Uruguay S.A. • GFEC Uruguay S.A. • GG Manufacturing s.r.l. • Graco Australia Pty Ltd ...
IRS number
410285640
GGG stock data
News
Looking Into Graco's Return On Capital Employed
29 Jul 22
Recap: Graco Q2 Earnings
27 Jul 22
Graco Q2 Adj. EPS $0.68 Beats $0.67 Estimate, Sales $548.55M Beat $533.85M Estimate
27 Jul 22
Earnings Scheduled For July 27, 2022
27 Jul 22
Benzinga's Top Ratings Upgrades, Downgrades For July 14, 2022
14 Jul 22
Analyst ratings and price targets
Current price
Average target
$65.50
Low target
$61.00
High target
$70.00
Baird
Downgraded
$61.00
Morgan Stanley
Maintains
$70.00
Investment data
Securities sold
Number of investors
Calendar
27 Jul 22
12 Aug 22
27 Dec 22
Financial summary
| Quarter (USD) | Jul 22 | Apr 22 | Dec 21 | Sep 21 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 413.36M | 413.36M | 413.36M | 413.36M | 413.36M | 413.36M |
| Cash burn (monthly) | (no burn) | 5.79M | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 8.1M | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 405.26M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 70.0 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 29 Jul 22 | Etchart Eric | Common Stock | Sell | Dispose S | No | Yes | 67.2 | 6,000 | 403.2K | 31,403.255 |
| 29 Jul 22 | Etchart Eric | Common Stock | Option exercise | Acquire M | No | No | 19.8367 | 6,000 | 119.02K | 37,403.255 |
| 29 Jul 22 | Etchart Eric | NQSO Common Stock | Option exercise | Dispose M | No | No | 19.8367 | 6,000 | 119.02K | 6,000 |
| 1 Jul 22 | Brett C Carter | Common Stock | Grant | Acquire A | No | No | 59.41 | 191 | 11.35K | 902.745 |
| 1 Jul 22 | Brett C Carter | Deferred Stock Shares Common Stock | Grant | Acquire A | No | No | 59.41 | 191.47 | 11.38K | 904.393 |
| 1 Jul 22 | Etchart Eric | Deferred Stock Shares Common Stock | Grant | Acquire A | No | No | 59.41 | 376.62 | 22.37K | 12,483.279 |
| 1 Jul 22 | Feragen Jody H | Deferred Stock Shares Common Stock | Grant | Acquire A | No | No | 59.41 | 460.78 | 27.37K | 7,822.794 |
| 1 Jul 22 | J Kevin Gilligan | Deferred Stock Shares Common Stock | Grant | Acquire A | No | No | 59.41 | 408.18 | 24.25K | 88,429.033 |
Institutional ownership, Q1 2022
83.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 537 |
| Opened positions | 63 |
| Closed positions | 62 |
| Increased positions | 187 |
| Reduced positions | 177 |
| 13F shares | Current |
|---|---|
| Total value | 9.89B |
| Total shares | 141.86M |
| Total puts | 12.5K |
| Total calls | 21.1K |
| Total put/call ratio | 0.6 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 16.6M | $1.16B |
| BLK Blackrock | 14.26M | $994.54M |
| FSZ Fiera Capital | 9.9M | $690.57M |
| Kayne Anderson Rudnick Investment Management | 7.6M | $529.69M |
| STT State Street | 6M | $418.51M |
| WCM Investment Management | 5.58M | $388.89M |
| Alecta Pensionsforsakring, Omsesidigt | 4.4M | $306.59M |
| Mairs & Power | 4.13M | $288.06M |
| Brown Brothers Harriman & Co | 2.8M | $195.26M |
| TROW T. Rowe Price | 2.58M | $179.9M |
Financial report summary
?Competition
Summer InfantManagement Discussion
- Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
- Graco designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve difficult-to-handle materials with high viscosities, materials with abrasive or corrosive properties and multiple-component materials that require precise ratio control. Graco sells primarily through independent third-party distributors worldwide to industrial and contractor end users. Graco’s business is classified by management into three reportable segments: Industrial, Process and Contractor. Each segment is responsible for product development, manufacturing, marketing and sales of their products.
- Graco’s key strategies include developing and marketing new products, leveraging products and technologies into additional, growing end-user markets, expanding distribution globally and completing strategic acquisitions that provide additional channel and technologies. Long-term financial growth targets accompany these strategies, including our expectation of 10 percent revenue growth and 12 percent consolidated net earnings growth per annum. We continue to develop new products in each operating division that are expected to drive incremental sales growth, as well as continued refreshes and upgrades of existing product lines. Graco has made a number of strategic acquisitions that expand and complement organically developed products and provide new market and channel opportunities.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
August, Commodity, exhausted, lifted, lower, macroeconomic, round
Removed:
assumed, beginning, connection, coverage, drove, March
Financial reports
Current reports
8-K
2022 Q2
Submission of Matters to a Vote of Security Holders
2 May 22
8-K
2021 FY
Graco Reports Record Sales and Operating Earnings
31 Jan 22
8-K
Departure of Directors or Certain Officers
10 Jun 21
8-K
Graco Names David M. Lowe CFO and Treasurer
27 Apr 21
8-K
Departure of Directors or Certain Officers
26 Apr 21
8-K
Entry into a Material Definitive Agreement
25 Mar 21
8-K
Departure of Directors or Certain Officers
26 Feb 21
8-K
Departure of Directors or Certain Officers
16 Feb 21
8-K
Graco Reports Record Quarterly Sales and Operating Earnings
25 Jan 21
8-K
Graco Appoints Brett C. Carter to the Board of Directors
4 Dec 20
Registration and prospectus
S-8
Registration of securities for employees
10 May 19
S-8
Registration of securities for employees
7 May 15
25-NSE
Exchange delisting
24 Mar 13
8-A12B/A
Registration of securities on exchange (amended)
14 Feb 13
S-8
Registration of securities for employees
25 Apr 12
D
$300M in debt, sold $150M, 7 investors
24 Mar 11
S-8
Registration of securities for employees
16 Jun 10
8-A12B
Registration of securities on exchange
15 Feb 10
S-8
Registration of securities for employees
22 Feb 07
S-8
Registration of securities for employees
15 May 06
Proxies
DEFA14A
Additional proxy soliciting materials
16 Mar 22
DEFA14A
Additional proxy soliciting materials
10 Mar 21
DEFA14A
Additional proxy soliciting materials
11 Mar 20
DEFA14A
Additional proxy soliciting materials
13 Mar 19
DEF 14A
Definitive proxy
13 Mar 18
DEFA14A
Additional proxy soliciting materials
13 Mar 18
Other
SD
Conflict minerals disclosure
27 May 22
SD
Conflict minerals disclosure
1 Jun 21
SD
Conflict minerals disclosure
1 Jun 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
UPLOAD
Letter from SEC
23 Apr 18
CORRESP
Correspondence with SEC
22 Apr 18
UPLOAD
Letter from SEC
12 Apr 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
Ownership
4
GRACO / Eric Etchart ownership change
1 Aug 22
4
GRACO / Emily White ownership change
1 Jul 22
4
GRACO / Kevin J. Wheeler ownership change
1 Jul 22
4
GRACO / SANT R WILLIAM VAN ownership change
1 Jul 22
4
GRACO / LEE R MITAU ownership change
1 Jul 22
4
GRACO / J KEVIN GILLIGAN ownership change
1 Jul 22
4
GRACO / JODY H FERAGEN ownership change
1 Jul 22
4
GRACO / Eric Etchart ownership change
1 Jul 22
4
GRACO / Brett C Carter ownership change
1 Jul 22
4
GRACO / Eric Etchart ownership change
15 Jun 22
Patents
Utility
Material spray gun
9 Aug 22
A spray gun includes a gun body and valves configured to control flow of material and air through the gun body.
Utility
Modular spray roller system
9 Aug 22
A spray roller system for application of architectural paints coating, includes an extension tube, a spray head mounted on a distal end of the extension tube, and the in-line valve with a trigger mounted on a proximal end of the extension tube, and a roller handle removable mounted on the extension tube adjacent the spray head.
Utility
Fluid level monitoring system and method incorporating pressure sensor system having inflatable/collapsible bag
9 Aug 22
The present disclosure relates to a fluid level sensing system for sensing a fluid level in a well.
Utility
Liquid Spray System
4 Aug 22
An electrostatic spray system (10) includes a supply module (14) configured to store a supply of charged liquid for spraying by an electrostatic sprayer (26).
Utility
Integrated Pump Guard and Control Interlock
4 Aug 22
A paint sprayer includes an end bell, a motor connected to the end bell, a pump drive connected to the end bell, a pair of protrusions attached to an extending from the end bell such that each protrusion is cantilevered from the end bell, and a pump assembly comprising a pair of mounting holes and containing a piston.
Transcripts
2022 Q2
Earnings call transcript
29 Jul 22
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
1 Feb 22
2021 Q3
Earnings call transcript
21 Oct 21
2021 Q2
Earnings call transcript
22 Jul 21
2021 Q1
Earnings call transcript
22 Apr 21
2020 Q4
Earnings call transcript
26 Jan 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
Reddit threads
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - July 15th, 2022
15 Jul 22
Daily Discussion Thread - July 14th, 2022
14 Jul 22
Daily Discussion Thread - July 13th, 2022
13 Jul 22
Daily Discussion Thread - July 12th, 2022
12 Jul 22
50 stocks with at least 20 years of consecutive years of dividend growth within 10% of their 52-Week Low (List in the comments)
26 May 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22