Graco Inc. (GGG) VP Caroline M. Chambers Sells 9,939 Shares

Graco Inc. (NYSE:GGG) VP Caroline M. Chambers sold 9,939 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $42.03, for a total transaction of $417,736.17. Following the sale, the vice president now owns 30,615 shares of the company’s stock, valued at approximately $1,286,748.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Graco Inc. (NYSE:GGG) traded up $0.30 during trading on Monday, hitting $41.98. 797,962 shares of the company’s stock traded hands, compared to its average volume of 876,568. The company has a market cap of $7,018.50, a PE ratio of 28.75, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. Graco Inc. has a 52 week low of $29.70 and a 52 week high of $49.69. The company has a quick ratio of 1.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.31.

Graco (NYSE:GGG) last released its quarterly earnings data on Monday, January 29th. The industrial products company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). Graco had a net margin of 17.12% and a return on equity of 40.08%. The firm had revenue of $374.90 million during the quarter, compared to the consensus estimate of $369.53 million. During the same quarter in the prior year, the company earned $1.00 EPS. Graco’s quarterly revenue was up 7.4% on a year-over-year basis. research analysts forecast that Graco Inc. will post 1.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Monday, January 22nd were given a $0.3975 dividend. The ex-dividend date was Friday, January 19th. This represents a $1.59 dividend on an annualized basis and a dividend yield of 3.79%. This is a boost from Graco’s previous quarterly dividend of $0.36. Graco’s dividend payout ratio is currently 36.47%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its position in shares of Graco by 53.5% in the 4th quarter. Meeder Asset Management Inc. now owns 3,174 shares of the industrial products company’s stock valued at $144,000 after buying an additional 1,106 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Graco by 286.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,363 shares of the industrial products company’s stock valued at $152,000 after buying an additional 2,493 shares in the last quarter. Hexavest Inc. increased its position in shares of Graco by 200.0% in the 4th quarter. Hexavest Inc. now owns 4,200 shares of the industrial products company’s stock valued at $190,000 after buying an additional 2,800 shares in the last quarter. Fiduciary Trust Co. bought a new stake in shares of Graco in the 4th quarter valued at $201,000. Finally, Ballentine Partners LLC bought a new stake in shares of Graco in the 3rd quarter valued at $210,000. Institutional investors and hedge funds own 36.93% of the company’s stock.

Several brokerages have commented on GGG. Zacks Investment Research upgraded shares of Graco from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Saturday, February 3rd. SunTrust Banks reiterated a “hold” rating and set a $45.00 target price on shares of Graco in a research report on Wednesday, January 31st. B. Riley upped their target price on shares of Graco from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Deutsche Bank upgraded shares of Graco from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $49.00 target price on shares of Graco in a research report on Thursday, January 4th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Graco currently has a consensus rating of “Hold” and a consensus price target of $47.33.

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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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