Graco Inc. (NYSE:GGG) VP Caroline M. Chambers sold 10,000 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 15,191 shares of the company’s stock, valued at $1,998,527.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Graco Inc. (NYSE:GGG) opened at $128.77 on Friday. Graco Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $134.11. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $7,220.00, a price-to-earnings ratio of 27.85, a PEG ratio of 2.79 and a beta of 1.23.
Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.06 by $0.09. Graco had a return on equity of 42.05% and a net margin of 7.72%. The company had revenue of $379.81 million for the quarter, compared to analyst estimates of $356.30 million. During the same period last year, the company posted $0.95 earnings per share. The firm’s revenue was up 16.1% compared to the same quarter last year. research analysts expect that Graco Inc. will post 4.36 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the company. B. Riley restated a “neutral” rating on shares of Graco in a report on Wednesday, November 1st. Robert W. Baird restated a “hold” rating and issued a $129.00 price target on shares of Graco in a report on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of Graco in a report on Friday, October 20th. BidaskClub cut Graco from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, ValuEngine cut Graco from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Twelve analysts have rated the stock with a hold rating, Graco currently has an average rating of “Hold” and a consensus price target of $116.75.
Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its stake in shares of Graco by 106.1% during the second quarter. Advisors Asset Management Inc. now owns 1,123 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 578 shares in the last quarter. Acrospire Investment Management LLC grew its stake in shares of Graco by 200.0% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 800 shares in the last quarter. Fiduciary Trust Co. acquired a new stake in shares of Graco during the second quarter valued at about $180,000. Ballentine Partners LLC acquired a new stake in shares of Graco during the third quarter valued at about $210,000. Finally, Boston Private Wealth LLC acquired a new position in Graco in the third quarter worth about $210,000. Institutional investors own 86.27% of the company’s stock.
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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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