Graco Inc. (GGG) VP Sells $1,980,000.00 in Stock

Graco Inc. (NYSE:GGG) VP Karen Park Gallivan sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $132.00, for a total value of $1,980,000.00. Following the sale, the vice president now directly owns 30,060 shares of the company’s stock, valued at approximately $3,967,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Graco Inc. (NYSE GGG) traded up $2.47 during mid-day trading on Wednesday, reaching $131.78. The company had a trading volume of 329,606 shares, compared to its average volume of 276,289. Graco Inc. has a 12 month low of $82.39 and a 12 month high of $134.11. The stock has a market capitalization of $7,410.00, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.23 and a quick ratio of 1.46.

Graco’s stock is going to split on Thursday, December 28th. The 3-1 split was announced on Friday, December 8th. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, December 27th.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.09. The business had revenue of $379.81 million during the quarter, compared to the consensus estimate of $356.30 million. Graco had a return on equity of 42.05% and a net margin of 7.72%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. research analysts predict that Graco Inc. will post 4.36 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Monday, January 22nd will be issued a $0.3975 dividend. This is an increase from Graco’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.59 dividend on an annualized basis and a yield of 1.21%. Graco’s dividend payout ratio is 77.42%.

A number of institutional investors and hedge funds have recently bought and sold shares of GGG. Great West Life Assurance Co. Can raised its holdings in Graco by 31.6% in the second quarter. Great West Life Assurance Co. Can now owns 43,484 shares of the industrial products company’s stock worth $4,749,000 after purchasing an additional 10,448 shares in the last quarter. Trexquant Investment LP bought a new position in Graco in the second quarter worth $339,000. Schwab Charles Investment Management Inc. raised its holdings in Graco by 5.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 294,355 shares of the industrial products company’s stock worth $32,168,000 after purchasing an additional 16,265 shares in the last quarter. Arizona State Retirement System raised its holdings in Graco by 0.4% in the second quarter. Arizona State Retirement System now owns 23,400 shares of the industrial products company’s stock worth $2,557,000 after purchasing an additional 100 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Graco by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 4,490 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 86.27% of the company’s stock.

A number of research firms have recently weighed in on GGG. B. Riley reissued a “neutral” rating on shares of Graco in a research note on Wednesday, November 1st. Robert W. Baird reissued a “hold” rating and set a $129.00 price objective on shares of Graco in a research note on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of Graco in a research note on Friday, October 20th. BidaskClub lowered Graco from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, ValuEngine lowered Graco from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Twelve equities research analysts have rated the stock with a hold rating, Graco has an average rating of “Hold” and an average target price of $116.75.

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About Graco

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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