The VP of Graco is Exercising Options

By Carrie Williams

Yesterday, the VP of Graco, Charles Rescorla, exercised options of Graco for $6.11M.

Following Charles Rescorla’s last GGG Sell transaction on May 10, 2017, the stock climbed by 19.1%. In addition to Charles Rescorla, 2 other GGG executives reported Sell trades in the last month.

Based on Graco’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $380 million and quarterly net profit of $75.46 million. In comparison, last year the company earned revenue of $327 million and had a net profit of $54.39 million. The company has a one-year high of $134.11 and a one-year low of $79.83. GGG’s market cap is $7.23B and the company has a P/E ratio of 69.26.

Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $131, reflecting a -1.7% downside.

The insider sentiment on Graco has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Charles Rescorla’s trades have generated a -28.3% 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.

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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.