Graco Inc. (NYSE:GGG) Insider Sells $253,283.55 in Stock

Graco Inc. (NYSE:GGGGet Free Report) insider Timothy R. White sold 2,895 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $87.49, for a total value of $253,283.55. Following the sale, the insider now directly owns 50,782 shares in the company, valued at approximately $4,442,917.18. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Graco Stock Performance

NYSE GGG opened at $88.16 on Friday. Graco Inc. has a fifty-two week low of $66.17 and a fifty-two week high of $88.31. The stock has a 50 day simple moving average of $84.94 and a two-hundred day simple moving average of $79.42. The stock has a market cap of $14.88 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 2.80 and a beta of 0.81.

Graco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Shareholders of record on Monday, January 22nd were issued a $0.255 dividend. The ex-dividend date was Friday, January 19th. This represents a $1.02 annualized dividend and a yield of 1.16%. This is a boost from Graco’s previous quarterly dividend of $0.24. Graco’s dividend payout ratio (DPR) is 34.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GGG. Jefferies Financial Group upped their target price on Graco from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. StockNews.com upgraded Graco from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Royal Bank of Canada upped their target price on Graco from $91.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Graco has an average rating of “Moderate Buy” and an average price target of $84.80.

View Our Latest Report on Graco

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GGG. Cetera Advisor Networks LLC lifted its stake in shares of Graco by 3.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 6,270 shares of the industrial products company’s stock valued at $437,000 after purchasing an additional 184 shares during the period. Bank of Montreal Can lifted its stake in shares of Graco by 18.1% in the 1st quarter. Bank of Montreal Can now owns 86,910 shares of the industrial products company’s stock valued at $6,176,000 after purchasing an additional 13,302 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Graco by 8.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 96,025 shares of the industrial products company’s stock valued at $6,879,000 after purchasing an additional 7,396 shares during the period. Raymond James Trust N.A. lifted its stake in shares of Graco by 8.2% in the 1st quarter. Raymond James Trust N.A. now owns 5,834 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 440 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in shares of Graco by 74.3% in the 1st quarter. Vontobel Holding Ltd. now owns 9,636 shares of the industrial products company’s stock valued at $684,000 after purchasing an additional 4,108 shares during the period. Hedge funds and other institutional investors own 84.94% of the company’s stock.

Graco Company Profile

(Get Free Report)

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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