Investment thesis
Graco Inc. shares (GGG) have gained 11% in 2019 on the back of stellar financial performance. However, trade tensions between the U.S. and China have resulted in many investors waiting on the sidelines. Despite weak global economic growth expected in the next couple of years, Graco's prospects are promising, especially from the perspective of an income investor. I expect Graco to hike its dividend per share multiple times in the next few years, resulting in the distribution of the bulk of its earnings. I do not see an imminent threat to