Graco Inc. (GGG) Insider Dale D. Johnson Sells 90,000 Shares

Graco Inc. (NYSE:GGG) insider Dale D. Johnson sold 90,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $47.85, for a total transaction of $4,306,500.00. Following the completion of the transaction, the insider now owns 302,873 shares of the company’s stock, valued at approximately $14,492,473.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

NYSE GGG traded down $0.07 during trading hours on Friday, reaching $47.87. The company’s stock had a trading volume of 10,507 shares, compared to its average volume of 611,907. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.45 and a beta of 0.97. Graco Inc. has a fifty-two week low of $37.36 and a fifty-two week high of $48.35. The company has a current ratio of 2.41, a quick ratio of 1.47 and a debt-to-equity ratio of 0.35.

Graco (NYSE:GGG) last issued its quarterly earnings data on Monday, January 28th. The industrial products company reported $0.43 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.43. The firm had revenue of $406.40 million for the quarter, compared to analysts’ expectations of $404.14 million. Graco had a net margin of 20.63% and a return on equity of 43.67%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. As a group, research analysts expect that Graco Inc. will post 2.01 earnings per share for the current year.



The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.64 dividend on an annualized basis and a yield of 1.34%. Graco’s payout ratio is 34.04%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in shares of Graco by 38.0% in the 3rd quarter. Victory Capital Management Inc. now owns 99,606 shares of the industrial products company’s stock valued at $4,616,000 after buying an additional 27,406 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Graco in the 3rd quarter valued at $213,000. Stone Ridge Asset Management LLC boosted its holdings in shares of Graco by 28.2% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 25,290 shares of the industrial products company’s stock valued at $1,172,000 after buying an additional 5,560 shares in the last quarter. ING Groep NV boosted its holdings in shares of Graco by 26.0% in the 3rd quarter. ING Groep NV now owns 25,552 shares of the industrial products company’s stock valued at $1,184,000 after buying an additional 5,272 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Graco by 31.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,115,996 shares of the industrial products company’s stock valued at $51,715,000 after buying an additional 265,581 shares in the last quarter. 84.39% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $46.00 price target on shares of Graco in a report on Wednesday, January 30th. ValuEngine upgraded shares of Graco from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research downgraded shares of Graco from a “buy” rating to a “hold” rating in a report on Friday, February 1st. Jefferies Financial Group assumed coverage on shares of Graco in a report on Friday, January 25th. They issued a “hold” rating and a $46.00 price target for the company. Finally, Seaport Global Securities reiterated a “hold” rating on shares of Graco in a report on Wednesday, January 30th. Eight investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $46.20.

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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 worldwide. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.

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