Last $74.93 USD
Change Today -0.48 / -0.64%
Volume 271.0K
GGG On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 07/21/14 All times are local (Market data is delayed by at least 15 minutes).

graco inc (GGG) Snapshot

Open
$74.82
Previous Close
$75.41
Day High
$75.44
Day Low
$74.42
52 Week High
07/1/14 - $79.88
52 Week Low
02/4/14 - $65.18
Market Cap
4.5B
Average Volume 10 Days
278.5K
EPS TTM
$3.34
Shares Outstanding
60.6M
EX-Date
07/17/14
P/E TM
22.4x
Dividend
$1.10
Dividend Yield
1.43%
Current Stock Chart for GRACO INC (GGG)

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graco inc (GGG) Details

Graco Inc. designs, manufactures, and markets equipment to pump, meter, mix, and dispense various fluids and coatings worldwide. The company operates through three segments: Industrial, Contractor, and Lubrication. The Industrial segment provides plural component proportioning equipment to apply polyurethane foam to insulate walls, roofing, water heaters, refrigerators, hot tubs and other items; pumps, meters, applicators, and valves that meter, mix, and dispense sealants, adhesives, and composites; finishing equipment to apply paint and other coatings to motor vehicles, appliances, furniture, and other industrial and consumer products; and pumps that move chemicals, petroleum, food, and other fluids. The Contractor segment offers airless paint and texture sprayers; and accessories, including spray guns, hoses and filters, and spare parts that include tips and seals to the professional painters in the construction and maintenance industries, tradesmen, and do-it-yourselfers. The Lubrication segment supplies pumps, hose reels, meters, valves, and accessories; and systems, components, and accessories for the automatic lubrication of industrial and commercial equipment, compressors, turbines, and on- and off-road vehicles. This segment also provides products that automatically lubricate bearings, gears, and generators; and products that evacuate and dispense lubricants. It serves various markets, such as gas transmission and petrochemical, pulp and paper, mining and construction, agricultural equipment, food and beverage, material handling, metal manufacturing, wind energy, and oil and gas exploration. The company offers its products primarily through third-party distributors. Graco Inc. was founded in 1926 and is headquartered in Minneapolis, Minnesota.

2,700 Employees
Last Reported Date: 02/18/14
Founded in 1926

graco inc (GGG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $701.2K
Chief Financial Officer
Total Annual Compensation: $391.2K
Executive Vice President of Industrial Produc...
Total Annual Compensation: $293.0K
Vice President of Corporate Manufacturing, Di...
Total Annual Compensation: $290.4K
Vice President and General Manager of Contrac...
Total Annual Compensation: $341.7K
Compensation as of Fiscal Year 2013.

graco inc (GGG) Key Developments

Graco Inc. Amends and Restates its Credit Agreement with U.S. Bank National Association and the Other Lenders

On June 26, 2014, Graco Inc. entered into an Omnibus Amendment that amends and restates its Credit Agreement with U.S. Bank National Association and the other lenders that are parties thereto. The restated agreement provides the Company and certain of its subsidiaries access to a $500 million unsecured revolving credit facility until June 26, 2019, representing a $50 million increase over the existing facility. The size of the credit facility may be increased by up to $150 million upon exercise of an accordion feature. The accordion feature may be exercised by an increase in the revolving commitments or by the addition of term loans. Borrowings under the restated Credit Agreement may be denominated in U.S. Dollars or certain other currencies. Outstanding loans in currencies other than U.S. Dollars cannot exceed $200 million in the aggregate. Loans denominated in U.S. Dollars may bear interest, at the Company’s option, at either a base rate or a LIBOR-based rate. Loans denominated in currencies other than U.S. Dollars will bear interest at a LIBOR-based rate. The base rate is an annual rate equal to a margin ranging from 0.00% to 0.875% (down from 0.00% to 1.00% under the prior Credit Agreement), depending on the Company’s cash flow leverage ratio, plus the rate of interest from time to time announced by the Agent as its prime rate, the federal funds effective rate plus 0.50%, or one-month LIBOR plus 1.50%. In general, LIBOR-based loans bear interest at a rate per annum equal to LIBOR, plus a margin ranging from 1.00% to 1.875% (down from 1.00% to 2.00% under the prior Credit Agreement), depending on the Company’s cash flow leverage ratio. In addition to paying interest on the outstanding loans, the Company is required to pay a facility fee on the unused amount of the loan commitments at a rate per annum ranging from 0.15% to 0.30% (down from 0.15% to 0.40% under the prior Credit Agreement), depending on the Company’s cash flow leverage ratio.

Graco Inc. Unveils New E-Flo(R) DC Electric Supply Pump

Graco Inc. unveiled its new E-Flo(R) DC (Dual Control) electric supply pump ideally suited for high pressure applications. This new Graco E-Flo(R) DC pump features an energy efficient electric brushless DC motor that stalls under pressure and changes speeds to maintain constant fluid pressure, similar to a pneumatic air motor. Ideal for high-pressure applications such as waterborne spraying or moving high viscosity materials, the E-Flo DC Supply Pump is designed to operate by maintaining either constant pressure or a constant flow rate. It is five times more efficient than similarly sized pneumatic pumps, resulting in significantly lower electric bills for the end user. In addition, this electric pump operates quietly more than 20 db quieter than OSHA's continuous sound threshold for an eight hour work day. To protect the pumps from premature wear, the E-Flo line was developed with an integrated runaway protection system that is standard on all models. With runaway protection, the E-Flo DC pump automatically shuts off if the flow rate exceeds a targeted maximum value. This safety mechanism not only prevents costly material loss, but also reduces maintenance and increases product longevity. The E-Flo DC is the ideal solution for customers wishing to save money and reduce noise in their facility. The E-Flo DC pump requiring only single-phase 220 volt, 50/60 Hz power with no Variable Frequency Drive required.

Graco Board Approves an Amendment to Company's Restated Articles of Incorporation

On June 13, 2014, the board of directors of Graco Inc. approved an amendment to the company's restated articles of incorporation that changed the company's registered agent in Minnesota from Corporation Service Company to CT Corporation System Inc.

 

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Industry Analysis

GGG

Industry Average

Valuation GGG Industry Range
Price/Earnings 22.6x
Price/Sales 4.1x
Price/Book 7.1x
Price/Cash Flow 21.8x
TEV/Sales 3.2x
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