Today it was reported that the CFO & Treasurer of Graco (GGG), Mark Sheahan, exercised options to sell 54,000 GGG shares at $14.24 a share, for a total transaction value of $2.55M.
Following Mark Sheahan’s last GGG Sell transaction on October 31, 2017, the stock climbed by 3.8%. In addition to Mark Sheahan, 4 other GGG executives reported Sell trades in the last month.
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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 $7.78B and the company has a P/E ratio of 23.89. Currently, Graco has an average volume of 100.8K.
Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $45.00, reflecting a -4.2% downside.
The insider sentiment on Graco has been negative according to 22 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. is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process.
