GRACO INC
No enriched coverage for $GGG in the last 7 days.
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UBS Group AG significantly reduced its stake in Graco Inc. by 32.6% during the fourth quarter, selling over 315,000 shares. Despite this, other hedge funds like AE Wealth Management LLC and Nordea Investment Management AB increased their positions in the industrial products company. Graco Inc. also reported missing analyst consensus for its quarterly earnings and revenue but announced a quarterly dividend of $0.295 per share.
Graco, along with APi, has reached its 100-year milestone, joining a distinguished group of Minnesota public companies like 3M, General Mills, and Hormel. Founded in 1926 and headquartered in Minneapolis for a century, Graco is preparing to move its headquarters to Dayton. This achievement highlights Minnesota's strong "headquarters economy" and the importance of managerial talent, continuous innovation, and adaptability in helping companies endure through significant economic and social changes.
Graco is expected to announce its Q1 2026 financial results, with market predictions indicating revenue growth similar to the previous year's comparable quarter. Analysts have maintained their estimates, despite the company historically missing revenue projections at times. Competitors in the industrial machinery segment have also shown favorable performance, with Graco's stock experiencing modest growth.
