Today it was reported that a Director at Graco (GGG), Kevin J. Gilligan, exercised options to sell 21,300 GGG shares at $15.02 a share, for a total transaction value of $990K.
Following Kevin J. Gilligan’s last GGG Sell transaction on February 24, 2016, the stock climbed by 21.9%. This is Gilligan’s first transaction since reporting a Sell transaction on STRA back in December 2018
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Based on Graco’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $406 million and quarterly net profit of $73.72 million. In comparison, last year the company earned revenue of $375 million and had a net profit of $36.39 million. GGG’s market cap is $7.72B and the company has a P/E ratio of 23.54. Currently, Graco has an average volume of 57.85K.
Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $45.00, reflecting a -3.1% downside.
The insider sentiment on Graco has been negative according to 20 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Graco, Inc. designs, manufactures and markets premium equipment to pump, meter, mix and dispense a wide variety of fluids and coatings. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.
