Graco Inc. (NYSE:GGG) VP Charles L. Rescorla sold 47,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $129.93, for a total value of $6,106,710.00. Following the completion of the transaction, the vice president now owns 108,802 shares of the company’s stock, valued at $14,136,643.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Graco Inc. (GGG) traded up $0.06 during trading hours on Monday, reaching $130.17. The company’s stock had a trading volume of 164,500 shares, compared to its average volume of 252,394. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.31. Graco Inc. has a one year low of $78.60 and a one year high of $134.11. The firm has a market capitalization of $7,306.44, a PE ratio of 28.42, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25.
Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.09. The business had revenue of $379.81 million for the quarter, compared to analysts’ expectations of $356.30 million. Graco had a return on equity of 42.05% and a net margin of 7.72%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share. equities analysts predict that Graco Inc. will post 4.36 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Friday, October 13th. Graco’s payout ratio is currently 75.79%.
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Several research analysts recently weighed in on GGG shares. FBR & Co set a $140.00 price objective on Graco and gave the stock a “hold” rating in a research report on Thursday, October 26th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $128.00 price objective on shares of Graco in a research report on Friday, October 27th. Wolfe Research upgraded Graco from an “underperform” rating to a “peer perform” rating and set a $100.00 price target on the stock in a research note on Monday, July 31st. Zacks Investment Research cut Graco from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Graco in a research note on Friday, July 28th. Eleven analysts have rated the stock with a hold rating, Graco has a consensus rating of “Hold” and a consensus price target of $116.75.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Graco by 2.1% in the second quarter. Vanguard Group Inc. now owns 4,991,585 shares of the industrial products company’s stock valued at $545,481,000 after acquiring an additional 104,725 shares in the last quarter. BlackRock Inc. increased its holdings in Graco by 1.0% in the second quarter. BlackRock Inc. now owns 4,414,343 shares of the industrial products company’s stock valued at $482,397,000 after buying an additional 43,669 shares during the last quarter. Fiera Capital Corp increased its holdings in Graco by 7.3% in the second quarter. Fiera Capital Corp now owns 3,021,561 shares of the industrial products company’s stock valued at $330,196,000 after buying an additional 206,130 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Graco by 22.8% in the second quarter. Russell Investments Group Ltd. now owns 650,753 shares of the industrial products company’s stock valued at $71,160,000 after buying an additional 120,916 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Graco by 5.1% in the third quarter. Ameriprise Financial Inc. now owns 626,628 shares of the industrial products company’s stock valued at $77,514,000 after buying an additional 30,413 shares during the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.
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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