Graco Inc (GGG) Files Form 4 Insider Selling : Charles L Rescorla Sells 22,500 Shares

Graco Inc (GGG): Charles L Rescorla , Vice President of Graco Inc sold 22,500 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $81.73 per share for a total value of $1,839,026.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Sant R William Van (director) sold 14,700 shares at $81.00 per share price.On Mar 11, 2016, Bernard J Moreau (Vice President) sold 3,080 shares at $81.29 per share price.Also, On Mar 9, 2016, Martha A M Morfitt (director) sold 2,177 shares at $81.05 per share price.On Mar 9, 2016, Jack W Eugster (director) sold 1,799 shares at $81.56 per share price.

Shares of Graco (GGG) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.75 points or -0.92% at $81.06 with 3,75,286 shares getting traded. Post opening the session at $81.4, the shares hit an intraday low of $80.69 and an intraday high of $82.075 and the price vacillated in this range throughout the day. The company has a market cap of $4,508 M and the number of outstanding shares has been calculated to be 5,56,14,000 shares. The 52-week high of Graco is $86.62 and the 52-week low is $63.05.

Graco Money Flow Index Chart

Company has been under the radar of several Street Analysts.Graco is Initiated by KeyBanc Capital Mkts to Sector Weight. The Rating was issued on May 25, 2016.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 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.

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