GGG Graco

Graco is an American manufacturer of fluid-handling systems and products based in Minneapolis, Minnesota. Russell Gray, a Minneapolis parking lot attendant, founded Gray Company, Inc. in 1926 with his brother Leil Gray to produce and sell Russell's air-powered grease gun, invented in response to cold weather making hand-powered grease guns inoperable. Sales their first year of operation were $35,000. By 1941, annual sales had reached $1 million. They capitalized on opportunities in defense-based lubricating needs during World War II.
Company profile
Ticker
GGG
Exchange
Website
CEO
Patrick McHale
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
410285640
GGG stock data
()
News
Stocks That Hit 52-Week Highs On Thursday
22 Apr 21
Graco: Q1 Earnings Insights
21 Apr 21
Graco Q1 Adj. EPS $0.58 Beats $0.50 Estimate, Sales $454.10M Beat $428.75M Estimate
21 Apr 21
Earnings Scheduled For April 21, 2021
21 Apr 21
Benzinga's Top Ratings Upgrades, Downgrades For March 31, 2021
31 Mar 21
Press releases
Graco Reports Record First Quarter Results
21 Apr 21
Graco Launches New Traffic Tape Striping Solution
21 Apr 21
Graco Inc. Announces First Quarter 2021 Earnings Conference Call
31 Mar 21
Gabelli Funds to Host 31st Annual Pump, Valve, and Water Systems Symposium
Virtual – Thursday, February 25, 2021
16 Feb 21
Patrick J. McHale to Retire as Graco's President & CEO
16 Feb 21
Investment data
Securities sold
Number of investors
Calendar
21 Apr 21
22 Apr 21
27 Dec 21
Financial summary
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Financial data from Graco earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 21 | Brett C Carter | Common Stock | Grant | Aquire A | No | No | 71.62 | 123 | 8.81K | 123 |
1 Apr 21 | Brett C Carter | Deferred Stock Shares Common Stock | Grant | Aquire A | No | No | 71.62 | 123.14 | 8.82K | 123.14 |
1 Apr 21 | Etchart Eric | Deferred Stock Shares Common Stock | Grant | Aquire A | No | No | 71.62 | 317.65 | 22.75K | 10,738.905 |
1 Apr 21 | Eugster Jack W | Deferred Stock Shares Common Stock | Grant | Aquire A | No | No | 71.62 | 234.31 | 16.78K | 56,943.77 |
1 Apr 21 | Feragen Jody H | Deferred Stock Shares Common Stock | Grant | Aquire A | No | No | 71.62 | 382.23 | 27.38K | 5,788.68 |
1 Apr 21 | J Kevin Gilligan | Deferred Stock Shares Common Stock | Grant | Aquire A | No | No | 71.62 | 338.59 | 24.25K | 85,549.364 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
85.1% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 491 |
Opened positions | 71 |
Closed positions | 34 |
Increased positions | 158 |
Reduced positions | 168 |
13F shares |
Current |
---|---|
Total value | 10.4B |
Total shares | 143.68M |
Total puts | 23.1K |
Total calls | 40.2K |
Total put/call ratio | 0.6 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 16.34M | $1.18B |
BLK Blackrock | 14.33M | $1.04B |
FSZ Fiera Capital | 11.3M | $817.58M |
TROW T. Rowe Price | 7.41M | $536.25M |
Kayne Anderson Rudnick Investment Management | 7.38M | $533.92M |
STT State Street | 5.02M | $362.96M |
WCM Investment Management | 4.71M | $340.67M |
Mairs & Power | 4.34M | $314.04M |
Alecta Pensionsforsakring, Omsesidigt | 3.6M | $259.96M |
Confluence Investment Management | 2.41M | $174.44M |
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. 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
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Readability |
8th grade Avg
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New words:
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Removed:
account, adequacy, adverse, adversely, aging, air, altered, alternative, applicable, behavior, borrowed, buying, cancelled, cleaning, closing, collected, confidence, consumer, contact, continued, continuing, convert, corporate, county, critical, debtor, declined, deferring, delaying, depend, development, discussed, Disease, disinfecting, distancing, drop, duration, effect, efficiency, energy, engineering, essential, evolving, exacerbate, experienced, exposure, FASB, final, focused, forecast, fulfillment, global, globe, government, ground, health, healthcare, highly, history, home, hygiene, ill, impacted, impacting, implemented, individual, industry, infrastructure, intend, intended, inventory, isolated, June, launch, lead, limiting, local, maintaining, manage, manufacture, method, mitigating, noted, occur, occurred, operate, pace, payment, predicted, preserve, procure, productivity, provincial, provision, public, quarantined, realization, recent, recession, recorded, reduced, reducing, reflected, relevant, reluctant, represent, repurchased, require, response, result, reviewing, school, scope, sea, selling, show, Similarly, social, spending, spread, staffing, standard, subsided, substantially, sufficient, support, temporarily, traditional, transport, transportation, travel, utilizing, variety, work, workforce, working
Financial reports
10-Q
2021 Q1
Quarterly report
21 Apr 21
10-K
2020 FY
Annual report
16 Feb 21
10-Q
2020 Q3
Quarterly report
21 Oct 20
10-Q
2020 Q2
Quarterly report
22 Jul 20
10-Q
2020 Q1
Quarterly report
22 Apr 20
10-K
2019 FY
Annual report
18 Feb 20
10-Q
2019 Q3
Quarterly report
23 Oct 19
10-Q
2019 Q2
Quarterly report
24 Jul 19
10-Q
2019 Q1
Quarterly report
24 Apr 19
10-K
2018 FY
Annual report
19 Feb 19
Current reports
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
8-K
Graco Announces Changes To Executive Leadership Team
29 Jul 20
8-K
Departure of Directors or Certain Officers
27 Apr 20
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
24 Mar 20
8-K
Graco Appoints Kevin J. Wheeler to the Board of Directors
26 Feb 20
8-K
Entry into a Material Definitive Agreement
3 Feb 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
10 Mar 21
DEF 14A
Definitive proxy
10 Mar 21
DEFA14A
Additional proxy soliciting materials
11 Mar 20
DEF 14A
Definitive proxy
11 Mar 20
DEFA14A
Additional proxy soliciting materials
13 Mar 19
DEF 14A
Definitive proxy
13 Mar 19
DEF 14A
Definitive proxy
13 Mar 18
DEFA14A
Additional proxy soliciting materials
13 Mar 18
DEF 14A
Definitive proxy
14 Mar 17
DEFA14A
Additional proxy soliciting materials
14 Mar 17
Other
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
SD
Conflict minerals disclosure
31 May 15
CT ORDER
Confidential treatment order
17 Mar 15
Ownership
4
GRACO / Emily White ownership change
1 Apr 21
4
GRACO / Kevin J. Wheeler ownership change
1 Apr 21
4
GRACO / SANT R WILLIAM VAN ownership change
1 Apr 21
4
GRACO / MARTHA A M MORFITT ownership change
1 Apr 21
4
GRACO / LEE R MITAU ownership change
1 Apr 21
4
GRACO / J KEVIN GILLIGAN ownership change
1 Apr 21
4
GRACO / JODY H FERAGEN ownership change
1 Apr 21
4
GRACO / JACK W EUGSTER ownership change
1 Apr 21
4
GRACO / Eric Etchart ownership change
1 Apr 21
4
GRACO / Brett C Carter ownership change
1 Apr 21
Patents
APP
Utility
Method for Detection of Fluid Flow
8 Apr 21
A spray gun system includes a spray gun, a pressure sensor, and a controller.
GRANT
Utility
Handheld sanitary fluid sprayer having resilient polymer pump cylinder
6 Apr 21
A pump draws fluid from a reservoir and drives the fluid downstream to a spray tip where the fluid is applied to a surface.
GRANT
Utility
Paint sprayer distributed control and output volume monitoring architectures
6 Apr 21
A sprayer for spraying fluid includes a pump, a motor that drives the pump, a drive cycle indicator, a wireless module configured to send and receive information, and control circuitry.
GRANT
Utility
Spray control system for line striper sprayer
30 Mar 21
A line striper having a spray control system includes a spray gun, a lever, first and second cables, a manual actuator, and an assisted control.
APP
Utility
Tank Volume Monitoring Using Sensed Fluid Pressure
25 Mar 21
Tank volume monitoring using pressure of fluid in the tank includes determining a correlation scale that relates sensed fluid pressure to volume of fluid within the tank.
Transcripts
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
2019 Q4
Earnings call transcript
28 Jan 20
2019 Q3
Earnings call transcript
24 Oct 19
2019 Q2
Earnings call transcript
25 Jul 19
2019 Q1
Earnings call transcript
25 Apr 19
2018 Q4
Earnings call transcript
29 Jan 19
Reddit threads
Daily Discussion Thread - April 21st, 2021
21 Apr 21
Daily Discussion Thread - April 20th, 2021
20 Apr 21
Daily Discussion Thread - April 19th, 2021
19 Apr 21
Daily Discussion Thread - April 16th, 2021
16 Apr 21
Daily Discussion Thread - April 15th, 2021
15 Apr 21
Daily Discussion Thread - April 14th, 2021
14 Apr 21
Daily Discussion Thread - April 13th, 2021
13 Apr 21
For the youth, just broad strokes what I've learned after 20 years investing.
7 Apr 21
r/Stocks Daily Discussion Wednesday - Mar 17, 2021
17 Mar 21
The FT are struggling to find printable comments from the sub.
9 Mar 21