Kathryn L. Schoenrock Sells 1,527 Shares of Graco Inc. (NYSE:GGG) Stock

Graco Inc. (NYSE:GGG) EVP Kathryn L. Schoenrock sold 1,527 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $90.30, for a total value of $137,888.10. Following the completion of the transaction, the executive vice president now directly owns 6,374 shares of the company’s stock, valued at approximately $575,572.20. This trade represents a 19.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Graco Trading Down 0.1 %

Shares of NYSE:GGG opened at $90.56 on Friday. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 3.13 and a beta of 0.82. The stock’s 50-day moving average price is $86.30 and its two-hundred day moving average price is $82.90. Graco Inc. has a 12-month low of $77.49 and a 12-month high of $94.77.

Graco (NYSE:GGG) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.05). Graco had a return on equity of 21.24% and a net margin of 22.87%. The company had revenue of $519.21 million during the quarter, compared to analyst estimates of $538.19 million. During the same period in the prior year, the business posted $0.76 earnings per share. Graco’s revenue was down 3.8% on a year-over-year basis. As a group, research analysts forecast that Graco Inc. will post 2.89 earnings per share for the current fiscal year.

Graco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $1.02 annualized dividend and a dividend yield of 1.13%. Graco’s dividend payout ratio is presently 36.04%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GGG. Robert W. Baird cut their target price on shares of Graco from $88.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada cut their price objective on shares of Graco from $96.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, DA Davidson restated a “neutral” rating and set a $79.00 target price on shares of Graco in a research report on Friday, September 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $89.25.

Institutional Trading of Graco

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Gradient Investments LLC purchased a new stake in Graco during the second quarter valued at about $27,000. Brooklyn Investment Group purchased a new stake in shares of Graco during the 3rd quarter worth about $30,000. New Covenant Trust Company N.A. acquired a new stake in Graco during the 1st quarter worth approximately $43,000. UMB Bank n.a. raised its holdings in Graco by 187.8% in the third quarter. UMB Bank n.a. now owns 495 shares of the industrial products company’s stock valued at $43,000 after buying an additional 323 shares during the period. Finally, Blue Trust Inc. raised its holdings in Graco by 220.9% in the second quarter. Blue Trust Inc. now owns 690 shares of the industrial products company’s stock valued at $55,000 after buying an additional 475 shares during the period. 93.88% of the stock is currently owned by institutional investors and hedge funds.

About Graco

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.