Insider Selling: Graco Inc. (GGG) Director Sells $37,099.20 in Stock

Graco Inc. (NYSE:GGG) Director Eric Etchart sold 393 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $94.40, for a total value of $37,099.20. Following the completion of the sale, the director now directly owns 7,586 shares of the company’s stock, valued at approximately $716,118.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Eric Etchart also recently made the following trade(s):

  • On Thursday, February 23rd, Eric Etchart sold 402 shares of Graco stock. The shares were sold at an average price of $92.10, for a total value of $37,024.20.

Graco Inc. (NYSE:GGG) traded down 0.32% on Monday, reaching $93.95. The company’s stock had a trading volume of 9,417 shares. The company has a market capitalization of $5.26 billion, a PE ratio of 132.32 and a beta of 1.27. Graco Inc. has a one year low of $69.33 and a one year high of $95.10. The firm has a 50-day moving average of $91.82 and a 200-day moving average of $82.14.

Graco (NYSE:GGG) last issued its quarterly earnings data on Monday, January 30th. The company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.14. The firm earned $349.10 million during the quarter, compared to analyst estimates of $326.05 million. Graco had a return on equity of 31.04% and a net margin of 3.06%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 earnings per share. Analysts predict that Graco Inc. will post $3.73 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 3rd. Stockholders of record on Monday, April 17th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.53%. Graco’s payout ratio is 202.82%.

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GGG has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $80.00 price target on shares of Graco in a research report on Thursday, January 5th. Zacks Investment Research raised Graco from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Tuesday, January 10th. Wunderlich lowered Graco from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Wednesday, February 1st. Finally, TheStreet lowered Graco from a “b+” rating to a “c+” rating in a research report on Monday, January 30th. Nine equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $86.11.

Several hedge funds and other institutional investors have recently modified their holdings of GGG. Bank of Montreal Can raised its position in shares of Graco by 3.6% in the third quarter. Bank of Montreal Can now owns 62,122 shares of the company’s stock worth $4,597,000 after buying an additional 2,160 shares during the last quarter. Rhumbline Advisers raised its position in shares of Graco by 2.1% in the third quarter. Rhumbline Advisers now owns 111,969 shares of the company’s stock worth $8,286,000 after buying an additional 2,255 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Graco by 7.8% in the third quarter. Wells Fargo & Company MN now owns 719,583 shares of the company’s stock worth $53,248,000 after buying an additional 52,138 shares during the last quarter. Sei Investments Co. raised its position in shares of Graco by 0.6% in the third quarter. Sei Investments Co. now owns 263,797 shares of the company’s stock worth $19,521,000 after buying an additional 1,485 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Graco during the fourth quarter worth $41,069,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

About Graco

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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