Graco (GGG) VP Jeffrey P. Johnson Sells 90,000 Shares

Graco (NYSE:GGG) VP Jeffrey P. Johnson sold 90,000 shares of the business’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $47.06, for a total value of $4,235,400.00. Following the sale, the vice president now directly owns 48,971 shares of the company’s stock, valued at $2,304,575.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of GGG stock opened at $46.68 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.55 and a quick ratio of 1.60. The stock has a market capitalization of $7.93 billion, a PE ratio of 32.64, a P/E/G ratio of 2.43 and a beta of 1.15. Graco has a one year low of $34.89 and a one year high of $49.69.

Graco (NYSE:GGG) last posted its earnings results on Wednesday, April 25th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. Graco had a return on equity of 41.12% and a net margin of 17.99%. The business had revenue of $406.30 million during the quarter, compared to analysts’ expectations of $369.61 million. During the same period in the prior year, the business earned $1.05 EPS. Graco’s revenue for the quarter was up 19.3% compared to the same quarter last year. sell-side analysts expect that Graco will post 1.89 earnings per share for the current fiscal year.



A number of hedge funds and other institutional investors have recently bought and sold shares of GGG. Bank of Montreal Can increased its stake in Graco by 28.4% during the 4th quarter. Bank of Montreal Can now owns 136,641 shares of the industrial products company’s stock worth $6,179,000 after purchasing an additional 30,233 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Graco by 136.2% during the 4th quarter. Gateway Investment Advisers LLC now owns 37,365 shares of the industrial products company’s stock worth $1,690,000 after purchasing an additional 21,546 shares in the last quarter. Creative Planning increased its stake in Graco by 212.7% during the 4th quarter. Creative Planning now owns 15,862 shares of the industrial products company’s stock worth $717,000 after purchasing an additional 10,790 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Graco by 207.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 952,411 shares of the industrial products company’s stock worth $43,069,000 after purchasing an additional 642,322 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Graco by 138.4% during the 4th quarter. Acadian Asset Management LLC now owns 337,395 shares of the industrial products company’s stock worth $15,258,000 after purchasing an additional 195,880 shares in the last quarter. 85.98% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. ValuEngine raised Graco from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut Graco from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. DA Davidson assumed coverage on Graco in a research note on Thursday, April 12th. They issued a “neutral” rating and a $48.00 price target for the company. SunTrust Banks reaffirmed a “hold” rating and issued a $45.00 price target on shares of Graco in a research note on Wednesday, January 31st. Finally, B. Riley upped their price target on Graco from $47.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Eleven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Graco currently has a consensus rating of “Hold” and an average target price of $47.30.

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. 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.

Insider Buying and Selling by Quarter for Graco (NYSE:GGG)

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