Today it was reported that the EVP of Graco (GGG), Karen Park Gallivan, exercised options to sell 27,900 GGG shares at $16.61 a share, for a total transaction value of $1.33M.
Following Karen Park Gallivan’s last GGG Sell transaction on November 16, 2010, the stock climbed by 36.7%. In addition to Karen Park Gallivan, 5 other GGG executives reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
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 $7.79B and the company has a P/E ratio of 23.94. Currently, Graco has an average volume of 665.1K.
Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $45.00, reflecting a -5.4% 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.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
