GGG Stock Summary and Trading Ideas (Graco | NYSE:GGG)

Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2.2 billion in sales in 2023.

Graco trades on the NYSE stock market under the symbol GGG.

As of November 12, 2024, GGG stock price declined to $88.12 with 715,906 million shares trading.

GGG has a beta of 0.79, meaning it tends to be less sensitive to market movements. GGG has a correlation of 0.30 to the broad based SPY ETF.

GGG has a market cap of $14.89 billion. This is considered a Large Cap stock.

Last quarter Graco reported $519 million in Revenue and $.71 earnings per share. This fell short of revenue expectation by $-19 million and missed earnings estimates by -$.05.

In the last 3 years, GGG traded as high as $94.77 and as low as $56.48.

The top ETF exchange traded funds that GGG belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.

GGG has underperformed the market in the last year with a return of +14.5%, while the SPY ETF gained +37.1%. In the last 3 month period, GGG fell short of the market, returning +10.3%, while SPY returned +12.3%. However, in the most recent 2 weeks GGG has outperformed the stock market by returning +8.2%, while SPY returned +2.8%.

GGG support price is $88.07 and resistance is $90.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GGG shares will trade within this expected range on the day.