Graco Inc. (GGG) VP Sells $1,260,090.00 in Stock
Graco Inc. (NYSE:GGG) VP Karen Park Gallivan sold 27,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $46.67, for a total value of $1,260,090.00. Following the completion of the sale, the vice president now owns 72,305 shares of the company’s stock, valued at $3,374,474.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Karen Park Gallivan also recently made the following trade(s):
- On Wednesday, December 13th, Karen Park Gallivan sold 15,000 shares of Graco stock. The shares were sold at an average price of $132.00, for a total value of $1,980,000.00.
Shares of Graco Inc. (GGG) opened at $46.21 on Friday. The firm has a market capitalization of $7,781.30, a price-to-earnings ratio of 30.27, a PEG ratio of 2.80 and a beta of 1.23. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.31. Graco Inc. has a 1 year low of $27.78 and a 1 year high of $46.95.
Graco (NYSE:GGG) last released its earnings results on Wednesday, October 25th. The industrial products company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $379.81 million during the quarter, compared to the consensus estimate of $356.30 million. Graco had a return on equity of 42.05% and a net margin of 7.72%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. sell-side analysts anticipate that Graco Inc. will post 1.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Monday, January 22nd will be given a dividend of $0.3975 per share. This represents a $1.59 dividend on an annualized basis and a dividend yield of 3.44%. This is an increase from Graco’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, January 19th. Graco’s dividend payout ratio is presently 75.79%.
Large investors have recently added to or reduced their stakes in the company. Cardinal Capital Management lifted its position in shares of Graco by 6.8% during the 3rd quarter. Cardinal Capital Management now owns 7,621 shares of the industrial products company’s stock valued at $942,000 after acquiring an additional 488 shares during the period. Prudential Financial Inc. raised its holdings in shares of Graco by 6.3% during the 3rd quarter. Prudential Financial Inc. now owns 348,478 shares of the industrial products company’s stock worth $43,103,000 after buying an additional 20,740 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Graco by 4.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 108,820 shares of the industrial products company’s stock worth $13,460,000 after buying an additional 5,072 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Graco by 8.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 305,782 shares of the industrial products company’s stock worth $33,416,000 after buying an additional 23,718 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new position in shares of Graco during the 2nd quarter worth $1,093,000. Hedge funds and other institutional investors own 86.24% of the company’s stock.
Several research firms recently issued reports on GGG. Oppenheimer restated a “hold” rating on shares of Graco in a research note on Thursday, December 28th. Royal Bank of Canada restated a “hold” rating and issued a $49.00 price target on shares of Graco in a research note on Thursday. B. Riley restated a “neutral” rating on shares of Graco in a research note on Wednesday, November 1st. Robert W. Baird restated a “hold” rating and issued a $45.00 price target on shares of Graco in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded Graco from a “sell” rating to a “hold” rating in a research note on Thursday. Thirteen equities research analysts have rated the stock with a hold rating, Graco presently has an average rating of “Hold” and a consensus price target of $41.67.
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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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