Insider Selling: Graco Director Unloads 6,988 Shares of Stock (GGG)
Graco (NYSE:GGG) Director William J. Carroll sold 6,988 shares of Graco stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $77.10, for a total transaction of $538,774.80. Following the completion of the sale, the director now directly owns 26,062 shares in the company, valued at approximately $2,009,380. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Graco (NYSE:GGG) traded down 0.15% on Tuesday, hitting $77.45. 149,869 shares of the company’s stock traded hands. Graco has a 52-week low of $65.18 and a 52-week high of $79.88. The stock’s 50-day moving average is $75.88 and its 200-day moving average is $75.02. The company has a market cap of $4.653 billion and a price-to-earnings ratio of 22.30.
Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.08. The company had revenue of $322.50 million for the quarter, compared to the consensus estimate of $30.93 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that Graco will post $3.68 EPS for the current fiscal year.
Graco Inc (NYSE:GGG) design, manufacture and sell equipment that pumps, meters, mixes, dispenses and sprays a variety of fluids and semi-solids.
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