Graco Inc. (NYSE:GGG) EVP Kathryn L. Schoenrock Sells 1,527 Shares

Graco Inc. (NYSE:GGG) EVP Kathryn L. Schoenrock sold 1,527 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $90.30, for a total transaction of $137,888.10. Following the completion of the transaction, the executive vice president now owns 6,374 shares in the company, valued at approximately $575,572.20. This trade represents a 19.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Graco Stock Down 0.1 %

Shares of GGG stock traded down $0.05 during trading hours on Wednesday, hitting $90.56. 472,794 shares of the company were exchanged, compared to its average volume of 751,550. The firm has a market cap of $15.29 billion, a PE ratio of 32.06, a PEG ratio of 3.19 and a beta of 0.82. Graco Inc. has a 1 year low of $77.49 and a 1 year high of $94.77. The firm has a fifty day moving average of $86.16 and a 200 day moving average of $82.84.

Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.05). The company had revenue of $519.21 million for the quarter, compared to analysts’ expectations of $538.19 million. Graco had a return on equity of 21.24% and a net margin of 22.87%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 earnings per share. Analysts expect that Graco Inc. will post 2.89 earnings per share for the current year.

Graco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Monday, October 21st were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Monday, October 21st. Graco’s dividend payout ratio (DPR) is presently 36.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. DA Davidson restated a “neutral” rating and issued a $79.00 target price on shares of Graco in a report on Friday, September 27th. Robert W. Baird reduced their target price on shares of Graco from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Royal Bank of Canada reduced their target price on shares of Graco from $96.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $89.25.

Institutional Trading of Graco

A number of institutional investors and hedge funds have recently bought and sold shares of GGG. Quadrature Capital Ltd increased its position in Graco by 71.7% during the 1st quarter. Quadrature Capital Ltd now owns 4,501 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 1,879 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in Graco by 72.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,583 shares of the industrial products company’s stock worth $428,000 after purchasing an additional 1,931 shares in the last quarter. Tidal Investments LLC increased its position in Graco by 4.3% during the 1st quarter. Tidal Investments LLC now owns 42,068 shares of the industrial products company’s stock worth $3,939,000 after purchasing an additional 1,741 shares in the last quarter. Comerica Bank increased its position in Graco by 17.1% during the 1st quarter. Comerica Bank now owns 126,134 shares of the industrial products company’s stock worth $11,788,000 after purchasing an additional 18,407 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new stake in Graco during the 1st quarter worth approximately $145,000. Institutional investors and hedge funds own 93.88% 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 worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.