Graco Inc. (GGG) VP Sells $1,315,600.00 in Stock

Graco Inc. (NYSE:GGG) VP Caroline M. Chambers sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $131.56, for a total value of $1,315,600.00. Following the transaction, the vice president now directly owns 15,191 shares in the company, valued at $1,998,527.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Graco Inc. (NYSE:GGG) opened at $130.70 on Friday. The company has a market capitalization of $7,330.00, a P/E ratio of 28.57, a PEG ratio of 2.86 and a beta of 1.25. Graco Inc. has a 52 week low of $80.75 and a 52 week high of $134.11. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.31.

Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.06 by $0.09. The firm had revenue of $379.81 million during the quarter, compared to the consensus estimate of $356.30 million. Graco had a return on equity of 42.05% and a net margin of 7.72%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. equities research analysts predict that Graco Inc. will post 4.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, October 13th. Graco’s dividend payout ratio (DPR) is presently 77.42%.

A number of research analysts recently weighed in on the company. B. Riley reaffirmed a “neutral” rating on shares of Graco in a research note on Wednesday, November 1st. BidaskClub raised Graco from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Robert W. Baird reaffirmed a “hold” rating and set a $135.00 price target on shares of Graco in a research note on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Graco in a research note on Friday, October 20th. Finally, Wolfe Research reaffirmed a “market perform” rating on shares of Graco in a research note on Tuesday, August 1st. Eleven equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $116.75.

Several institutional investors have recently modified their holdings of GGG. Wellington Management Group LLP purchased a new stake in shares of Graco in the first quarter worth approximately $206,000. Teachers Advisors LLC raised its stake in shares of Graco by 5.2% in the first quarter. Teachers Advisors LLC now owns 61,199 shares of the industrial products company’s stock worth $5,761,000 after purchasing an additional 3,010 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Graco by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 370,797 shares of the industrial products company’s stock worth $34,906,000 after purchasing an additional 23,882 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Graco by 2.5% in the second quarter. Capstone Asset Management Co. now owns 5,646 shares of the industrial products company’s stock worth $617,000 after purchasing an additional 140 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Graco by 40.1% in the second quarter. Bank of Montreal Can now owns 95,281 shares of the industrial products company’s stock worth $10,412,000 after purchasing an additional 27,276 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

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Graco Company Profile

Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.

Insider Buying and Selling by Quarter for Graco (NYSE:GGG)

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