1 unchanged sentence
Graco Common Stock
−Removed: Graco common stock is traded on the New York Stock Exchange under the ticker symbol “GGG.” As of February 4, 2020 the share price was $55.28 and there were 167,916,424 shares outstanding and 1,857 common shareholders of record, which includes nominees or broker dealers holding stock on behalf of an estimated 101,000 beneficial owners.
+Added: Graco common stock is traded on the New York Stock Exchange under the ticker symbol “GGG.” As of January 14, 2021 the share price was $75.00 and there were 168,767,073 shares outstanding and 1,799 common shareholders of record, which includes nominees or broker dealers holding stock on behalf of an estimated 113,700 beneficial owners.
The graph below compares the cumulative total shareholder return on the common stock of the Company for the last five fiscal years with the cumulative total return of the S&P 500 Index and the Dow Jones U.S.
Industrial Machinery Index over the same period (assuming the value of the investment in Graco common stock and each index was $100 on December 31, 2015, and all dividends were reinvested).
+Added: 2015 2016 2017 2018 2019 2020
Dow Jones U.S.
Industrial Machinery 100 136 181 155 211 245
+Added: S&P 500 100 112 136 130 171 203
+Added: 100 115 191 176 226 320
Issuer Purchases of Equity Securities
4 unchanged sentences
Information on issuer purchases of equity securities follows:
−Removed: Average Price
−Removed: Total Number of
+Added: Purchased Average Price
+Added: Share Total Number of
Shares Purchased
1 unchanged sentence
Announced Plans
−Removed: Maximum Number
+Added: or Programs Maximum Number
of Shares that May
2 unchanged sentences
(at end of period)
−Removed: September 28, 2019 - October 25, 2019
−Removed: October 26, 2019 - November 22, 2019
−Removed: November 23, 2019 - December 27, 2019
+Added: Sep 26, 2020 - Oct 24, 2020 — $ — — 18,517,834
+Added: Oct 25, 2020 - Nov 21, 2020 — $ — — 18,517,834
+Added: Nov 22, 2020 - Dec 25, 2020 — $ — — 18,517,834
Selected Financial Data
The following table includes historical financial data (in millions, except per share amounts):
+Added: 2020 2019 2018 2017 2016
+Added: Net sales $ 1,650.1 $ 1,646.0 $ 1,653.3 $ 1,474.7 $ 1,329.3
+Added: Net earnings 330.5 343.9 341.1 252.4 40.7
Per common share (1)
2 unchanged sentences
Cash dividends declared 0.71 0.66 0.56 0.49 0.45
+Added: Total assets $ 1,988.1 $ 1,692.2 $ 1,472.7 $ 1,390.6 $ 1,243.1
Long-term debt (including current portion)
+Added: 150.0 164.3 266.4 226.0 305.7
(1) All per share data reflects the three-for-one stock split distributed on December 27, 2017.
+Added: Net earnings in 2020 included $34 million of after-tax loss from impairment charges related to the divestiture of the Company's U.K.-based valve business.
The 2017 Tax Cuts and Jobs Act reduced the Company’s 2018 effective income tax rate by approximately 10 percentage points.
Net earnings in 2016 included $161 million of after-tax loss from impairment charges in the Company’s Oil and Natural Gas reporting unit within the Process Segment.
−Removed: Net earnings in 2015 included $141 million from the sale of the Liquid Finishing businesses acquired in 2012 held as a cost-method investment.
−Removed: Proceeds from the sale were principally used to retire long-term debt.
Additional information on the comparability of results is included in Item 7.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.