Caroline M. Chambers Sells 10,000 Shares of Graco Inc. (GGG) Stock
Graco Inc. (NYSE:GGG) VP Caroline M. Chambers sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $131.56, for a total transaction of $1,315,600.00. Following the sale, the vice president now owns 15,191 shares of the company’s stock, valued at $1,998,527.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Graco Inc. (GGG) opened at $130.87 on Friday. 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 Inc. has a 12 month low of $80.75 and a 12 month high of $134.11. The company has a market cap of $7,345.73, a P/E ratio of 28.57, a PEG ratio of 2.86 and a beta of 1.25.
Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.09. Graco had a net margin of 7.72% and a return on equity of 42.05%. The business had revenue of $379.81 million during the quarter, compared to analyst estimates of $356.30 million. During the same quarter last year, the firm posted $0.95 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. sell-side analysts expect that Graco Inc. will post 4.36 EPS for the current year.
The firm 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 was Friday, October 13th. Graco’s payout ratio is 75.79%.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in Graco by 106.1% in the second quarter. Advisors Asset Management Inc. now owns 1,123 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 578 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in Graco by 200.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 800 shares during the last quarter. Fiduciary Trust Co. purchased a new position in Graco in the second quarter worth approximately $180,000. Mosaic Family Wealth LLC lifted its stake in Graco by 5.1% in the second quarter. Mosaic Family Wealth LLC now owns 1,880 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 91 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in Graco in the first quarter worth approximately $206,000. 86.67% of the stock is owned by institutional investors and hedge funds.
Several research firms recently issued reports on GGG. B. Riley restated a “neutral” rating on shares of Graco in a research report on Wednesday, November 1st. Royal Bank Of Canada reiterated a “hold” rating on shares of Graco in a research report on Friday, July 28th. Wolfe Research reiterated a “market perform” rating on shares of Graco in a research report on Tuesday, August 1st. FBR & Co set a $140.00 price target on shares of Graco and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Robert W. Baird reiterated a “hold” rating and set a $129.00 price target on shares of Graco in a research report on Wednesday, October 4th. Eleven equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $116.75.
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.
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