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Graco (GGG)

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
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

Analyst ratings and price targets

Last 3 months
Current price
Average target
$65.50
Low target
$61.00
High target
$70.00
Baird
Downgraded
Neutral
$61.00
14 Jul 22
Morgan Stanley
Maintains
Equal-Weight
$70.00
9 Jun 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

27 Jul 22
12 Aug 22
27 Dec 22
Quarter (USD) Jul 22 Apr 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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

Beta Read what these cash burn values mean

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
83.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 537 536 +0.2%
Opened positions 63 69 -8.7%
Closed positions 62 58 +6.9%
Increased positions 187 185 +1.1%
Reduced positions 177 169 +4.7%
13F shares Current Prev Q Change
Total value 9.89B 11.53B -14.2%
Total shares 141.86M 143.06M -0.8%
Total puts 12.5K 40.6K -69.2%
Total calls 21.1K 82.8K -74.5%
Total put/call ratio 0.6 0.5 +20.8%
Largest owners Shares Value Change
Vanguard 16.6M $1.16B -1.0%
BLK Blackrock 14.26M $994.54M +1.1%
FSZ Fiera Capital 9.9M $690.57M -4.1%
Kayne Anderson Rudnick Investment Management 7.6M $529.69M -2.3%
STT State Street 6M $418.51M +5.9%
WCM Investment Management 5.58M $388.89M +1.4%
Alecta Pensionsforsakring, Omsesidigt 4.4M $306.59M +10.0%
Mairs & Power 4.13M $288.06M -0.2%
Brown Brothers Harriman & Co 2.8M $195.26M +2.1%
TROW T. Rowe Price 2.58M $179.9M -17.0%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -1.61M EXIT
TROW T. Rowe Price 2.58M -529.84K -17.0%
FSZ Fiera Capital 9.9M -426.55K -4.1%
Alecta Pensionsforsakring, Omsesidigt 4.4M +400K +10.0%
Loomis Sayles & Co L P 350.64K +350.64K NEW
STT State Street 6M +331.8K +5.9%
Millennium Management 285.73K -291.37K -50.5%
Epoch Investment Partners 390.17K +246.44K +171.4%
IVZ Invesco 550.76K -244.1K -30.7%
Raymond James & Associates 136.92K -232.73K -63.0%

Financial report summary

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Competition
Summer Infant
Management 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

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: August, Commodity, exhausted, lifted, lower, macroeconomic, round
Removed: assumed, beginning, connection, coverage, drove, March