Graco Inc (GGG): Sant R William Van , director of Graco Inc sold 14,700 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $81.00 per share for a total value of $1,190,700.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 11, 2016, Bernard J Moreau (Vice President) sold 3,080 shares at $81.29 per share price.On Mar 9, 2016, Martha A M Morfitt (director) sold 2,177 shares at $81.05 per share price.Also, On Mar 9, 2016, Jack W Eugster (director) sold 1,799 shares at $81.56 per share price.On Mar 7, 2016, David M Ahlers (Vice President) sold 23,500 shares at $81.88 per share price.
Graco: On Tuesday, May 10, 2016 heightened volatility was witnessed in Graco which led to swings in the share price. The shares opened for trading at $79.28 and hit $80.78 on the upside , eventually ending the session at $80.56, with a gain of 2.09% or 1.65 points. The heightened volatility saw the trading volume jump to 3,75,134 shares. The 52-week high of the share price is $86.62 and the company has a market cap of $4,480 M . The 52-week low of the share price is at $63.05.
Company has been under the radar of several Street Analysts.Graco is Downgraded by Sun Trust Rbsn Humphrey to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 14, 2016.Graco is Downgraded by Sidoti to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 4, 2016.Graco is Downgraded by Seaport Global Securities to Neutral and the brokerage firm has set the Price Target at $80. Earlier the firm had a rating of Accumulate on the company shares. The Rating was issued on Mar 22, 2016.Graco is Upgraded by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 81 from a previous price target of $71 .Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Feb 29, 2016.
Graco Inc. (Graco) is a manufacturing company. The Company designs manufactures and markets equipment to pump meter mix and dispense a variety of fluids and coatings. Its equipment is used in the construction automotive industrial mining oil and natural gas process public works and other industries. The Company operates in three segments: Industrial Contractor and Lubrication. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints coatings sealants adhesives and other fluids. The Contractor segment markets sprayers for architectural coatings for painting corrosion control texture and line striping. The Lubrication segment markets products to move and dispense lubricants for service garages fleet service centers automobile dealerships the mining industry and industrial lubrication applications. Graco sells its products in North Central and South America Europe Middle East and Africa and Asia Pacific.