David J. Thompson Sells 3,588 Shares of Graco Inc. (NYSE:GGG) Stock

Graco Inc. (NYSE:GGG) insider David J. Thompson sold 3,588 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $86.23, for a total transaction of $309,393.24. Following the transaction, the insider now owns 27,520 shares in the company, valued at approximately $2,373,049.60. This trade represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Graco Price Performance

Shares of Graco stock opened at $85.91 on Friday. The firm has a market cap of $14.36 billion, a PE ratio of 30.46, a P/E/G ratio of 2.85 and a beta of 1.09. Graco Inc. has a 1 year low of $72.06 and a 1 year high of $92.86. The stock has a fifty day moving average price of $81.52 and a 200-day moving average price of $84.53.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The business had revenue of $528.28 million for the quarter, compared to the consensus estimate of $526.98 million. Graco had a return on equity of 19.38% and a net margin of 23.00%. Graco’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. As a group, equities analysts anticipate that Graco Inc. will post 3.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $85.00 target price on shares of Graco in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $93.00.

Hedge Funds Weigh In On Graco

Several large investors have recently modified their holdings of GGG. Institute for Wealth Management LLC. increased its position in shares of Graco by 2.5% during the fourth quarter. Institute for Wealth Management LLC. now owns 4,860 shares of the industrial products company’s stock valued at $410,000 after buying an additional 119 shares during the period. Albert D Mason Inc. raised its position in Graco by 0.4% during the fourth quarter. Albert D Mason Inc. now owns 27,923 shares of the industrial products company’s stock valued at $2,354,000 after purchasing an additional 121 shares in the last quarter. Optas LLC raised its holdings in shares of Graco by 4.0% during the 4th quarter. Optas LLC now owns 3,360 shares of the industrial products company’s stock valued at $283,000 after buying an additional 128 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Graco by 39.1% in the 4th quarter. Brooklyn Investment Group now owns 484 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 136 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in Graco by 1.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 14,548 shares of the industrial products company’s stock valued at $1,226,000 after buying an additional 138 shares during the period. Hedge funds and other institutional investors 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.