Graco Inc. (NYSE:GGG) Insider Caroline M. Chambers Sells 19,041 Shares

Graco Inc. (NYSE:GGGGet Rating) insider Caroline M. Chambers sold 19,041 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $69.95, for a total transaction of $1,331,917.95. Following the sale, the insider now owns 48,599 shares of the company’s stock, valued at $3,399,500.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Graco Trading Down 0.1 %

Shares of Graco stock opened at $70.08 on Thursday. The company has a market capitalization of $11.81 billion, a P/E ratio of 26.75, a P/E/G ratio of 3.38 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.91 and a current ratio of 2.99. The company has a fifty day moving average of $64.88 and a 200 day moving average of $63.63. Graco Inc. has a fifty-two week low of $56.48 and a fifty-two week high of $81.09.

Graco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 2nd. Investors of record on Monday, October 17th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.20%. The ex-dividend date was Friday, October 14th. Graco’s dividend payout ratio is currently 32.06%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GGG. Daiwa Securities Group Inc. bought a new position in shares of Graco during the 1st quarter valued at about $119,000. National Asset Management Inc. boosted its holdings in shares of Graco by 87.8% during the 1st quarter. National Asset Management Inc. now owns 6,232 shares of the industrial products company’s stock valued at $435,000 after purchasing an additional 2,913 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Graco by 3.9% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 81,977 shares of the industrial products company’s stock valued at $5,715,000 after purchasing an additional 3,056 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Graco by 0.6% during the 1st quarter. Arizona State Retirement System now owns 45,944 shares of the industrial products company’s stock valued at $3,203,000 after purchasing an additional 259 shares during the last quarter. Finally, Versor Investments LP boosted its holdings in shares of Graco by 50.5% during the 1st quarter. Versor Investments LP now owns 5,124 shares of the industrial products company’s stock valued at $357,000 after purchasing an additional 1,719 shares during the last quarter. Institutional investors own 86.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GGG shares. Royal Bank of Canada boosted their price objective on shares of Graco from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, November 14th. DA Davidson cut their price objective on shares of Graco to $70.00 in a research report on Tuesday, August 9th. Finally, StockNews.com downgraded shares of Graco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.50.

About Graco

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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 worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; 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, and precision dispensing solutions.

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

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