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Graco

 

Buy Graco stocks

GRACO (GGG) Stocks

ABOUT GRACO

? Graco Inc. is a manufacturer of fluid systems and powder materials.

The company’s portfolio includes systems and products to measure, dispense and spray fluids and coatings for commercial, construction, manufacturing, processing and industrial markets. Graco operates through several divisions.

Its Contractor division supplies sprayers used for roof coatings, road markings, floors, walls and athletic fields to manufacturers and home center channels. The company’s Industrial division supplies proportioning systems used to spray foam and coatings, pump equipment, blasting equipment, chop and wet-out systems, molding systems, as well as pumps, mixes and meters.

Its Process division offers chemical, petroleum, oil and gas, food as well as lubricant dispense pumps used by oil and natural gas, industrial and research industries.

Graco Inc. employs approximately 3 500 people across the globe in its production and distribution facilities located in more than 100 countries. The company is headquartered in Minneapolis, Minnesota and also has offices in Uruguay, Belgium and China.

HISTORY OF GRACO

  • In 1926 brothers Russell and Leil Gray founds Gray Company, Inc. The company manufactures Russell’s air-powered grease gun.
  • In the first year the company’s sales reach US Dollar 35 000 and by 1941 it exceeds US Dollar 1 million. During the Second World War it provides defense-based lubricating products and services to the military.
  • After the war Gray Company expands its portfolio and manufactures paint as well as industrial fluids pumps.
  • During the next few years the company offers a variety of fluid handling services to several markets and sales expand US Dollar 5 million by the 1950’s. The company introduces its airless spray gun in 1957.
  • In 1969 Gray Company is renamed Graco Inc. and it starts trading as a public company on the New York Stock Exchange. Sales exceeds US Dollar 33 million.
  • A few years later the company buys an electrostatic finishing products manufacturer, H. G. Fischer & Co. and the company starts replacing electrostatic technologies with air-based automobile painting. Sales exceed US Dollar 100 million by the 1980’s.
  • During the next few years, Graco buys several companies and achieves significant growth.

VISION & VALUES OF GRACO

  • Graco Inc.’s vision is to produce sustainable growth that will create value to employees, customers, shareholders and the communities from which it operates.
  • The company focuses on acquisitions, expansion, targeting of new markets and product investments. It continuously creates opportunities to improve and operate sustain-ably. The company is environmentally responsible and recycles plastics, glass, aluminum cans, machining fluid, wood, paper etc.
  • More than 10.5 million pounds of metal are recycled during 2017, saving approximately 12 million kilowatt hours of electricity. Nearly 1.8 million pounds of cardboard are recycled, equal to 15 000 trees.

MARKET PERFORMANCE OF GRACO

  • Graco Inc. trades on the New York Stock Exchange under the NYSE stock symbol “GGG”.
  • Data analysis for the company’s quarterly period ending June 28, 2019 reports total assets of US Dollar 1,640,547 thousand. Net sales are US Dollar 428,328 thousand and gross profit is US Dollar 226,954 thousand. Operating earnings are US Dollar 112,361 thousand and net earnings are US Dollar 88,137 thousand.
  • Cash and cash equivalents are US Dollar 180,883 thousand. Dividends are US Dollar 26,716 thousand. Shares can be purchased now at a good price.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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