Graco Inc. (GGG) VP Sells $1,260,090.00 in Stock

Graco Inc. (NYSE:GGG) VP Karen Park Gallivan sold 27,000 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $46.67, for a total value of $1,260,090.00. Following the transaction, the vice president now owns 72,305 shares in the company, valued at $3,374,474.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Karen Park Gallivan also recently made the following trade(s):

  • On Wednesday, December 13th, Karen Park Gallivan sold 15,000 shares of Graco stock. The shares were sold at an average price of $132.00, for a total value of $1,980,000.00.

Graco Inc. (NYSE GGG) traded up $0.77 on Thursday, reaching $45.91. The company had a trading volume of 683,300 shares, compared to its average volume of 791,800. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.31. Graco Inc. has a fifty-two week low of $27.49 and a fifty-two week high of $46.04. The company has a market cap of $7,601.13, a price-to-earnings ratio of 72.49, a price-to-earnings-growth ratio of 2.74 and a beta of 1.23.

Graco (NYSE:GGG) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. Graco had a return on equity of 42.05% and a net margin of 7.72%. The business had revenue of $379.81 million for the quarter, compared to analyst estimates of $356.30 million. During the same period last year, the company earned $0.32 EPS. Graco’s revenue for the quarter was up 16.1% compared to the same quarter last year. equities research analysts anticipate that Graco Inc. will post 1.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Monday, January 22nd will be given a dividend of $0.3975 per share. This represents a $1.59 annualized dividend and a yield of 3.46%. This is a positive change from Graco’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 19th. Graco’s dividend payout ratio (DPR) is presently 75.79%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Graco by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,991,585 shares of the industrial products company’s stock worth $545,481,000 after acquiring an additional 104,725 shares during the last quarter. BlackRock Inc. lifted its holdings in Graco by 1.0% in the 2nd quarter. BlackRock Inc. now owns 4,414,343 shares of the industrial products company’s stock worth $482,397,000 after buying an additional 43,669 shares during the period. Fiera Capital Corp lifted its holdings in Graco by 7.3% in the 2nd quarter. Fiera Capital Corp now owns 3,021,561 shares of the industrial products company’s stock worth $330,196,000 after buying an additional 206,130 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Graco by 6.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 655,299 shares of the industrial products company’s stock worth $81,054,000 after buying an additional 40,284 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Graco by 5.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 626,628 shares of the industrial products company’s stock worth $77,514,000 after buying an additional 30,413 shares during the period. Institutional investors and hedge funds own 86.24% of the company’s stock.

Several brokerages have recently commented on GGG. Oppenheimer reiterated a “hold” rating on shares of Graco in a research report on Thursday, December 28th. Zacks Investment Research lowered Graco from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. B. Riley reiterated a “hold” rating and set a $46.67 price objective on shares of Graco in a research report on Wednesday, December 20th. Robert W. Baird reiterated a “hold” rating and set a $47.67 price objective on shares of Graco in a research report on Friday, December 15th. Finally, ValuEngine lowered Graco from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. Graco has a consensus rating of “Hold” and a consensus price target of $40.07.

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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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