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.
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.
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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