Insider Selling: Graco Inc. (NYSE:GGG) Director Sells 6,000 Shares of Stock

Graco Inc. (NYSE:GGG) Director William J. Carroll sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $46.53, for a total value of $279,180.00. Following the transaction, the director now owns 49,984 shares of the company’s stock, valued at $2,325,755.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of GGG traded down $0.25 on Friday, reaching $46.65. 379,629 shares of the stock traded hands, compared to its average volume of 534,832. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 2.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 1.39. Graco Inc. has a 12 month low of $37.36 and a 12 month high of $53.91. The stock’s 50-day moving average price is $46.24 and its 200-day moving average price is $48.92.

Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $428.30 million for the quarter, compared to the consensus estimate of $444.93 million. Graco had a net margin of 20.61% and a return on equity of 39.22%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. As a group, equities research analysts forecast that Graco Inc. will post 1.91 earnings per share for the current fiscal year.

A number of research analysts have recently commented on GGG shares. Zacks Investment Research upgraded Graco from a “sell” rating to a “hold” rating and set a $49.00 price target for the company in a report on Wednesday, May 29th. Robert W. Baird set a $50.00 price target on Graco and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, ValuEngine lowered Graco from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Graco currently has a consensus rating of “Hold” and a consensus price target of $47.20.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. bought a new stake in shares of Graco during the second quarter valued at approximately $25,000. Icon Wealth Partners LLC bought a new stake in shares of Graco during the first quarter valued at approximately $25,000. Krane Funds Advisors LLC bought a new stake in shares of Graco during the second quarter valued at approximately $25,000. Alpha Quant Advisors LLC increased its position in shares of Graco by 91.9% during the first quarter. Alpha Quant Advisors LLC now owns 783 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 375 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Graco during the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 84.24% of the company’s stock.

About Graco

Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.

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

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