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

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

Graco Stock Performance

Shares of Graco stock opened at $90.56 on Thursday. Graco Inc. has a fifty-two week low of $77.49 and a fifty-two week high of $94.77. The firm has a 50-day simple moving average of $86.16 and a two-hundred day simple moving average of $82.84. The company has a market cap of $15.29 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 3.19 and a beta of 0.82.

Graco (NYSE:GGG) last posted its quarterly earnings results 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 business had revenue of $519.21 million during 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 business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. Equities research analysts forecast that Graco Inc. will post 2.89 EPS 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 paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.13%. The ex-dividend date was Monday, October 21st. Graco’s payout ratio is currently 36.04%.

Institutional Trading of Graco

A number of large investors have recently modified their holdings of GGG. Franklin Resources Inc. boosted its stake in shares of Graco by 37.2% in the 3rd quarter. Franklin Resources Inc. now owns 119,708 shares of the industrial products company’s stock valued at $10,413,000 after buying an additional 32,475 shares during the period. Tidal Investments LLC raised its holdings in Graco by 0.9% in the third quarter. Tidal Investments LLC now owns 47,435 shares of the industrial products company’s stock valued at $4,151,000 after acquiring an additional 401 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Graco by 7.3% in the third quarter. Sanctuary Advisors LLC now owns 12,794 shares of the industrial products company’s stock worth $1,165,000 after acquiring an additional 865 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in Graco by 2.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 11,183 shares of the industrial products company’s stock worth $979,000 after acquiring an additional 320 shares in the last quarter. Finally, Unigestion Holding SA purchased a new stake in shares of Graco in the 3rd quarter valued at approximately $663,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank of Canada dropped their price target on Graco from $96.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. DA Davidson reissued a “neutral” rating and issued a $79.00 price objective on shares of Graco in a research report on Friday, September 27th. Finally, Robert W. Baird dropped their price target on Graco from $88.00 to $85.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $89.25.

About Graco

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.