Graco Inc. (NYSE:GGG) Director Jack W. Eugster Sells 3,376 Shares

Graco Inc. (NYSE:GGG) Director Jack W. Eugster sold 3,376 shares of Graco stock in a transaction on Friday, November 29th. The stock was sold at an average price of $48.87, for a total value of $164,985.12. Following the transaction, the director now owns 100,130 shares in the company, valued at approximately $4,893,353.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE:GGG traded down $0.36 during trading on Tuesday, hitting $47.54. 413,026 shares of the company were exchanged, compared to its average volume of 527,325. The firm’s 50 day moving average price is $46.94 and its 200-day moving average price is $47.48. Graco Inc. has a 12-month low of $38.59 and a 12-month high of $53.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.69 and a quick ratio of 1.68. The stock has a market capitalization of $8.06 billion, a P/E ratio of 25.29, a PEG ratio of 2.32 and a beta of 0.96.

Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.06). The firm had revenue of $400.60 million for the quarter, compared to analysts’ expectations of $418.93 million. Graco had a return on equity of 36.17% and a net margin of 20.29%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. As a group, equities research analysts anticipate that Graco Inc. will post 1.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Monday, October 21st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.64 annualized dividend and a yield of 1.35%. Graco’s dividend payout ratio is currently 34.04%.

GGG has been the topic of several recent analyst reports. Royal Bank of Canada set a $46.00 target price on shares of Graco and gave the company a “hold” rating in a report on Friday, October 25th. ValuEngine lowered shares of 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 six have issued a hold rating to the stock. Graco presently has a consensus rating of “Hold” and a consensus price target of $47.75.

Institutional investors and hedge funds have recently made changes to their positions in the business. Krane Funds Advisors LLC purchased a new stake in shares of Graco in the second quarter valued at approximately $25,000. CSat Investment Advisory L.P. acquired a new stake in shares of Graco in the second quarter worth approximately $25,000. Executive Wealth Management LLC raised its position in shares of Graco by 167.3% in the 3rd quarter. Executive Wealth Management LLC now owns 671 shares of the industrial products company’s stock worth $30,000 after buying an additional 420 shares during the period. Northwest Investment Counselors LLC acquired a new position in Graco during the third quarter valued at approximately $35,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Graco during the 2nd quarter valued at about $40,000. 84.11% of the stock is currently owned by institutional investors.

About Graco

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.

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