Graco Inc. (NYSE:GGG) VP Caroline M. Chambers sold 10,000 shares of Graco stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $131.56, for a total value of $1,315,600.00. Following the transaction, the vice president now owns 15,191 shares of the company’s stock, valued at approximately $1,998,527.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Graco Inc. (NYSE GGG) traded up $0.62 during trading hours on Wednesday, hitting $132.10. 177,900 shares of the company’s stock traded hands, compared to its average volume of 278,725. The firm has a market capitalization of $7,379.97, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 2.87 and a beta of 1.25. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.31. Graco Inc. has a fifty-two week low of $80.20 and a fifty-two week high of $134.11.
Graco (NYSE:GGG) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.09. The business had revenue of $379.81 million during the quarter, compared to the consensus estimate of $356.30 million. Graco had a net margin of 7.72% and a return on equity of 42.05%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. research analysts expect that Graco Inc. will post 4.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Monday, October 16th were paid a $0.36 dividend. The ex-dividend date was Friday, October 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.09%. Graco’s dividend payout ratio (DPR) is 75.79%.
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A number of equities research analysts have recently commented on GGG shares. SunTrust Banks, Inc. restated a “hold” rating and set a $128.00 target price on shares of Graco in a research report on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Graco in a report on Friday, October 20th. Robert W. Baird reiterated a “hold” rating and issued a $135.00 price objective on shares of Graco in a report on Friday, October 27th. Wolfe Research upgraded Graco from an “underperform” rating to a “peer perform” rating and set a $100.00 price objective on the stock in a report on Monday, July 31st. Finally, BidaskClub cut Graco from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Eleven research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $116.75.
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Graco by 2.1% in the second quarter. Vanguard Group Inc. now owns 4,991,585 shares of the industrial products company’s stock valued at $545,481,000 after acquiring an additional 104,725 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Graco by 1.0% in the second quarter. BlackRock Inc. now owns 4,414,343 shares of the industrial products company’s stock valued at $482,397,000 after buying an additional 43,669 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of Graco by 7.3% in the second quarter. Fiera Capital Corp now owns 3,021,561 shares of the industrial products company’s stock valued at $330,196,000 after buying an additional 206,130 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Graco by 22.8% in the second quarter. Russell Investments Group Ltd. now owns 650,753 shares of the industrial products company’s stock valued at $71,160,000 after buying an additional 120,916 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Graco by 5.1% during the third quarter. Ameriprise Financial Inc. now owns 626,628 shares of the industrial products company’s stock worth $77,514,000 after purchasing an additional 30,413 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.
Graco Company Profile
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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