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

Graco Inc. (NYSE:GGG) EVP Kathryn L. Schoenrock sold 1,527 shares of the business’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 value of $137,888.10. Following the transaction, the executive vice president now directly owns 6,374 shares in the company, valued at $575,572.20. This trade represents a 19.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Graco Trading Down 0.1 %

Shares of NYSE:GGG opened at $90.56 on Friday. The firm has a market cap of $15.29 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.13 and a beta of 0.82. The company has a fifty day simple moving average of $86.30 and a 200 day simple moving average of $82.90. Graco Inc. has a 12-month low of $77.49 and a 12-month high of $94.77.

Graco (NYSE:GGG) last announced its quarterly earnings data 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 company had revenue of $519.21 million for the quarter, compared to analyst estimates of $538.19 million. Graco had a return on equity of 21.24% and a net margin of 22.87%. Graco’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 earnings per share. As a group, equities research analysts forecast that Graco Inc. will post 2.89 EPS for the current fiscal year.

Graco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Monday, October 21st were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 1.13%. The ex-dividend date was Monday, October 21st. Graco’s dividend payout ratio is currently 36.04%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GGG. Gradient Investments LLC bought a new position in shares of Graco in the 2nd quarter worth about $27,000. Brooklyn Investment Group bought a new stake in shares of Graco during the 3rd quarter valued at about $30,000. New Covenant Trust Company N.A. acquired a new stake in Graco during the first quarter worth about $43,000. UMB Bank n.a. lifted its holdings in Graco by 187.8% in the third quarter. UMB Bank n.a. now owns 495 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 323 shares during the last quarter. Finally, Eastern Bank acquired a new position in Graco in the third quarter valued at approximately $59,000. 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.