Graco Inc. (NYSE:GGG) VP Karen Park Gallivan sold 12,242 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $115.00, for a total value of $1,407,830.00. Following the completion of the sale, the vice president now owns 27,264 shares in the company, valued at approximately $3,135,360. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Graco Inc. (NYSE GGG) opened at 115.58 on Thursday. The stock’s 50 day moving average price is $111.12 and its 200 day moving average price is $103.01. The firm has a market cap of $6.47 billion, a PE ratio of 73.34 and a beta of 1.25. Graco Inc. has a 12-month low of $69.33 and a 12-month high of $116.75.
Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.32. Graco had a net margin of 6.50% and a return on equity of 40.21%. The company had revenue of $379.50 million during the quarter, compared to the consensus estimate of $369.36 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that Graco Inc. will post $4.50 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Monday, July 17th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, July 13th. Graco’s dividend payout ratio is 92.90%.
Large investors have recently modified their holdings of the company. BB&T Corp increased its stake in shares of Graco by 0.4% in the second quarter. BB&T Corp now owns 2,567 shares of the industrial products company’s stock valued at $280,000 after buying an additional 11 shares in the last quarter. Somerset Trust Co increased its stake in shares of Graco by 0.4% in the second quarter. Somerset Trust Co now owns 5,093 shares of the industrial products company’s stock valued at $557,000 after buying an additional 21 shares in the last quarter. BB&T Securities LLC increased its stake in shares of Graco by 0.5% in the second quarter. BB&T Securities LLC now owns 6,930 shares of the industrial products company’s stock valued at $757,000 after buying an additional 36 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Graco by 0.5% in the first quarter. Profund Advisors LLC now owns 7,738 shares of the industrial products company’s stock valued at $728,000 after buying an additional 37 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in shares of Graco by 0.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 9,651 shares of the industrial products company’s stock valued at $909,000 after buying an additional 54 shares in the last quarter. 90.10% of the stock is owned by institutional investors.
GGG has been the topic of a number of analyst reports. Zacks Investment Research upgraded Graco from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Monday, July 31st. TheStreet upgraded Graco from a “c+” rating to a “b+” rating in a report on Thursday, April 27th. Wolfe Research upgraded Graco from an “underperform” rating to a “peer perform” rating and set a $100.00 target price on the stock in a report on Monday, July 31st. Royal Bank Of Canada reiterated a “hold” rating and set a $104.00 target price on shares of Graco in a report on Friday, April 28th. Finally, FBR & Co reiterated a “marketperform” rating on shares of Graco in a report on Tuesday, July 11th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Graco has an average rating of “Hold” and a consensus target price of $106.20.
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.
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