Today, the President & CEO of Graco (NYSE: GGG), Patrick Mchale, sold shares of GGG for $10M.
Following Patrick Mchale’s last GGG Sell transaction on February 16, 2011, the stock climbed by 32.6%. This is Mchale’s first Sell trade following 3 Buy transactions.
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Based on Graco’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $406 million and quarterly net profit of $85.51 million. In comparison, last year the company earned revenue of $341 million and had a net profit of $60.73 million. GGG’s market cap is $7.57B and the company has a P/E ratio of 28.33. Currently, Graco has an average volume of 389.4K.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $50.00, reflecting a -9.1% downside.
The insider sentiment on Graco has been positive according to 31 insider trades in the past three months. This sentiment is slightly higher 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.
