Graco Inc. (NYSE:GGG) Director William J. Carroll sold 3,600 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $81.37, for a total value of $292,932.00. Following the completion of the sale, the director now directly owns 25,703 shares in the company, valued at approximately $2,091,453.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Graco Inc. (NYSE:GGG) traded down 0.42% on Friday, hitting $80.70. The stock had a trading volume of 26,027 shares. The firm has a 50 day moving average price of $75.15 and a 200 day moving average price of $76.49. Graco Inc. has a one year low of $63.05 and a one year high of $86.62. The company has a market capitalization of $4.49 billion, a P/E ratio of 23.12 and a beta of 1.29.

Graco (NYSE:GGG) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.06. The company had revenue of $327.20 million for the quarter, compared to the consensus estimate of $331.66 million. Graco had a return on equity of 29.75% and a net margin of 15.20%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 EPS. On average, equities research analysts predict that Graco Inc. will post $3.41 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 2nd. Investors of record on Monday, October 17th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, October 13th. Graco’s payout ratio is presently 37.93%.

A number of equities analysts recently issued reports on the company. William Blair cut Graco from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $89.00 to $78.00 in a report on Thursday, July 21st. Zacks Investment Research upgraded Graco from a “sell” rating to a “hold” rating in a report on Friday, October 21st. Finally, Deutsche Bank AG assumed coverage on Graco in a report on Tuesday, September 6th. They issued a “hold” rating and a $83.00 target price on the stock. Nine analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $83.75.

Hedge funds have recently modified their holdings of the company. Leavell Investment Management Inc. increased its stake in shares of Graco by 10.0% in the second quarter. Leavell Investment Management Inc. now owns 7,700 shares of the company’s stock valued at $608,000 after buying an additional 700 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Graco by 2.0% in the second quarter. Capstone Asset Management Co. now owns 5,686 shares of the company’s stock valued at $449,000 after buying an additional 110 shares during the last quarter. Creative Planning increased its stake in shares of 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 last quarter. GW&K Investment Management LLC increased its stake in shares of Graco by 12.5% in the second quarter. GW&K Investment Management LLC now owns 52,832 shares of the company’s stock valued at $4,173,000 after buying an additional 5,880 shares during the last quarter. Finally, Park National Corp OH increased its stake in shares of Graco by 0.4% in the second quarter. Park National Corp OH now owns 2,733 shares of the company’s stock valued at $216,000 after buying an additional 11 shares during the last quarter. 91.78% of the stock is currently owned by institutional investors and hedge funds.

Graco Company Profile

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.

5 Day Chart for NYSE:GGG

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