Graco Inc. (NYSE:GGG) Director Eric Etchart sold 757 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $119.20, for a total value of $90,234.40. Following the completion of the sale, the director now directly owns 12,464 shares of the company’s stock, valued at approximately $1,485,708.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Graco Inc. (NYSE GGG) traded up 1.20% during mid-day trading on Friday, reaching $119.91. The company’s stock had a trading volume of 575,553 shares. The company has a market cap of $6.71 billion, a PE ratio of 76.09 and a beta of 1.24. The company has a 50-day moving average price of $114.70 and a 200 day moving average price of $106.53. Graco Inc. has a 52-week low of $69.33 and a 52-week high of $121.40.

Graco (NYSE:GGG) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.32. The firm had revenue of $379.50 million during the quarter, compared to analysts’ expectations of $369.36 million. Graco had a return on equity of 40.21% and a net margin of 6.50%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. Equities analysts expect that Graco Inc. will post $4.53 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of GGG. Canada Pension Plan Investment Board boosted its holdings in Graco by 425.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,100 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 1,700 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Graco by 5.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 33,036 shares of the industrial products company’s stock valued at $3,107,000 after acquiring an additional 1,560 shares during the period. First Trust Advisors LP boosted its holdings in Graco by 315.5% during the 1st quarter. First Trust Advisors LP now owns 104,068 shares of the industrial products company’s stock valued at $9,797,000 after acquiring an additional 79,023 shares during the period. Bank of New York Mellon Corp boosted its holdings in Graco by 36.5% during the 1st quarter. Bank of New York Mellon Corp now owns 940,408 shares of the industrial products company’s stock valued at $88,531,000 after acquiring an additional 251,447 shares during the period. Finally, Suntrust Banks Inc. purchased a new position in Graco during the 1st quarter valued at $239,000. Institutional investors own 86.85% of the company’s stock.

Several analysts have issued reports on the company. BidaskClub lowered Graco from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Wolfe Research reiterated a “market perform” rating on shares of Graco in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Graco from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research report on Monday, July 31st. Royal Bank Of Canada reiterated a “hold” rating on shares of Graco in a research report on Friday, July 28th. Finally, FBR & Co reiterated a “marketperform” rating on shares of Graco in a research report on Tuesday, July 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $106.20.

About Graco

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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