Today it was reported that the EVP of Graco (NYSE: GGG), Caroline Chambers, exercised options to sell 97,500 GGG shares at $6.93 a share, for a total transaction value of $4.59M.
Following Caroline Chambers’ last GGG Sell transaction on October 26, 2015, the stock climbed by 23.8%.
See today’s analyst top recommended stocks >>
Based on Graco’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $425 million and quarterly net profit of $89.14 million. In comparison, last year the company earned revenue of $379 million and had a net profit of $79.83 million. GGG’s market cap is $7.86B and the company has a P/E ratio of 28.61. Currently, Graco has an average volume of 53.33K.
Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $48.25, reflecting a 2.9% upside.
Caroline Chambers’ trades have generated a -4.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. 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. 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.
