Graco Inc. (GGG) VP Caroline M. Chambers Sells 8,000 Shares of Stock
Graco Inc. (NYSE:GGG) VP Caroline M. Chambers sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $81.98, for a total value of $655,840.00. Following the completion of the transaction, the vice president now directly owns 12,826 shares in the company, valued at $1,051,475.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Graco Inc. (NYSE:GGG) traded up 0.1223% during midday trading on Thursday, reaching $81.4895. The company had a trading volume of 92,449 shares. The company has a market capitalization of $4.54 billion, a P/E ratio of 23.3494 and a beta of 1.29. The company has a 50-day moving average price of $74.96 and a 200 day moving average price of $76.46. Graco Inc. has a one year low of $63.05 and a one year high of $86.62.
Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, October 19th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. Graco had a return on equity of 29.75% and a net margin of 15.20%. The business earned $327.20 million during the quarter, compared to analysts’ expectations of $331.66 million. During the same quarter last year, the business posted $0.86 EPS. The business’s revenue was up 2.6% on a year-over-year basis. Equities analysts anticipate that Graco Inc. will post $3.41 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 2nd. Shareholders of record on Monday, October 17th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, October 13th. Graco’s dividend payout ratio (DPR) is currently 37.93%.
GGG has been the topic of several recent analyst reports. William Blair lowered Graco from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $89.00 to $78.00 in a research note on Thursday, July 21st. Deutsche Bank AG assumed coverage on Graco in a report on Tuesday, September 6th. They set a “hold” rating and a $83.00 price objective for the company. Finally, Zacks Investment Research upgraded Graco from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th. Nine research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $83.75.
A number of large investors have recently added to or reduced their stakes in the company. Creative Planning boosted its stake in Graco by 13.9% in the second quarter. Creative Planning now owns 1,354 shares of the company’s stock valued at $107,000 after buying an additional 165 shares during the period. Quantbot Technologies LP acquired a new stake in Graco during the third quarter valued at $126,000. Mosaic Family Wealth LLC boosted its stake in Graco by 13.0% in the third quarter. Mosaic Family Wealth LLC now owns 1,727 shares of the company’s stock valued at $128,000 after buying an additional 199 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Graco by 13.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,840 shares of the company’s stock valued at $136,000 after buying an additional 211 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Graco by 292.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,336 shares of the company’s stock valued at $185,000 after buying an additional 1,741 shares during the period. Institutional investors and hedge funds own 91.78% of the company’s stock.
Graco Inc (Graco) is a manufacturing company. The Company designs, manufactures and markets equipment to pump, meter, mix and dispense fluid and powder materials. The Company operates through three segments: Industrial, Process and Contractor. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids.
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