Graco Inc. (NYSE:GGG) VP David M. Ahlers sold 22,500 shares of Graco stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $120.01, for a total transaction of $2,700,225.00. Following the completion of the sale, the vice president now directly owns 42,047 shares in the company, valued at approximately $5,046,060.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Graco Inc. (NYSE GGG) traded up 1.20% during mid-day trading on Friday, hitting $119.91. 575,553 shares of the stock traded hands. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 76.09 and a beta of 1.24. The company’s 50 day moving average price is $114.57 and its 200-day moving average price is $106.34. Graco Inc. has a 1-year low of $69.33 and a 1-year high of $121.40.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.32. The company had revenue of $379.50 million for the quarter, compared to the consensus estimate of $369.36 million. Graco had a net margin of 6.50% and a return on equity of 40.21%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. Analysts predict that Graco Inc. will post $4.53 earnings per share for the current year.

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Several brokerages have commented on GGG. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $104.00 price objective on shares of Graco in a research report on Monday, June 5th. BidaskClub raised shares of Graco from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Wolfe Research reissued a “market perform” rating on shares of Graco in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Graco from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research report on Monday, July 31st. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $110.00 price target (up previously from $105.00) on shares of Graco in a research report on Monday, June 5th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Graco presently has an average rating of “Hold” and a consensus target price of $106.20.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Griffin Asset Management Inc. purchased a new position in shares of Graco in the second quarter worth approximately $2,094,000. USA Financial Portformulas Corp purchased a new position in shares of Graco in the second quarter worth approximately $473,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Graco in the second quarter worth approximately $577,000. Koch Industries Inc. purchased a new position in shares of Graco in the second quarter worth approximately $582,000. Finally, Verition Fund Management LLC purchased a new position in shares of Graco in the second quarter worth approximately $444,000. 86.85% of the stock is currently owned by institutional investors.

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.

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

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