Graco Inc. (NYSE:GGG) Director William J. Carroll sold 6,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $46.53, for a total value of $279,180.00. Following the transaction, the director now directly owns 49,984 shares in the company, valued at approximately $2,325,755.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of GGG traded down $0.25 during trading hours on Friday, hitting $46.65. 379,629 shares of the stock traded hands, compared to its average volume of 534,832. The company has a current ratio of 2.22, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. Graco Inc. has a 1-year low of $37.36 and a 1-year high of $53.91. The firm has a market capitalization of $7.71 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. The business has a fifty day moving average of $46.24 and a 200-day moving average of $48.92.
Graco (NYSE:GGG) last released its earnings results on Wednesday, July 24th. The industrial products company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Graco had a net margin of 20.61% and a return on equity of 39.22%. The company had revenue of $428.30 million during the quarter, compared to analyst estimates of $444.93 million. During the same period in the previous year, the company posted $0.48 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities research analysts expect that Graco Inc. will post 1.91 earnings per share for the current fiscal year.
GGG has been the topic of several research reports. Zacks Investment Research raised Graco from a “sell” rating to a “hold” rating and set a $49.00 price target on the stock in a research note on Wednesday, May 29th. Robert W. Baird set a $50.00 price target on Graco and gave the company a “hold” rating in a research note on Friday, July 26th. Finally, ValuEngine lowered Graco from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $47.20.
Graco Company Profile
Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.
Recommended Story: What is Forex?
Receive News & Ratings for Graco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graco and related companies with MarketBeat.com's FREE daily email newsletter.