Graco Inc. (NYSE:GGG) Director Eric Etchart sold 759 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $124.90, for a total value of $94,799.10. Following the transaction, the director now directly owns 11,983 shares of the company’s stock, valued at $1,496,676.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Eric Etchart also recently made the following trade(s):

  • On Friday, September 15th, Eric Etchart sold 757 shares of Graco stock. The stock was sold at an average price of $119.20, for a total value of $90,234.40.

Graco Inc. (NYSE GGG) traded down 0.37% during trading on Tuesday, reaching $124.35. 246,318 shares of the company traded hands. The firm’s 50 day moving average price is $117.62 and its 200 day moving average price is $109.28. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 78.90 and a beta of 1.25. Graco Inc. has a 12-month low of $69.33 and a 12-month high of $125.32.

Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.32. Graco had a return on equity of 40.21% and a net margin of 6.50%. The firm had revenue of $379.50 million during the quarter, compared to analyst estimates of $369.36 million. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts expect that Graco Inc. will post $4.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 16th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, October 13th. Graco’s payout ratio is 92.90%.

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Several equities research analysts have recently weighed in on the company. Wolfe Research assumed coverage on Graco in a research note on Tuesday, July 11th. They issued an “underperform” rating and a $100.00 price target for the company. FBR & Co restated a “marketperform” rating on shares of Graco in a research report on Tuesday, July 11th. BidaskClub lowered Graco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $110.00 price objective (up from $105.00) on shares of Graco in a research note on Monday, June 5th. Finally, Zacks Investment Research cut Graco from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $106.20.

A number of institutional investors and hedge funds have recently made changes to their positions in GGG. BB&T Corp increased its position in shares of Graco by 0.4% in the second quarter. BB&T Corp now owns 2,567 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 11 shares during the period. Somerset Trust Co grew its stake in shares of Graco by 0.4% in the second quarter. Somerset Trust Co now owns 5,093 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 21 shares during the last quarter. BB&T Securities LLC grew its stake in shares of Graco by 0.5% in the second quarter. BB&T Securities LLC now owns 6,930 shares of the industrial products company’s stock worth $757,000 after purchasing an additional 36 shares during the last quarter. Commerce Bank grew its stake in shares of Graco by 1.5% in the second quarter. Commerce Bank now owns 4,038 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 60 shares during the last quarter. Finally, WCM Investment Management CA grew its stake in shares of Graco by 2.1% in the second quarter. WCM Investment Management CA now owns 3,695 shares of the industrial products company’s stock worth $404,000 after purchasing an additional 75 shares during the last quarter. 86.82% of the stock is owned by institutional investors and hedge funds.

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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