Graco Inc (GGG) Insider Sells Shares
Graco Inc (NYSE:GGG), a leading manufacturer of fluid handling systems and components, has reported an insider transaction involving President, WW Powder Division, Claudio Merengo. According to a recent SEC Filing, the insider sold 5,612 shares of the company on February 28, 2024.Over the past year, Claudio Merengo has sold a total of 40,057 shares and has not made any purchases of the company's stock. This latest transaction continues a trend observed within Graco Inc, where insider sells have outnumbered buys over the past year. There has been a total of 21 insider sells and only 1 insider buy during this period.
On the date of the insider's recent sell, shares of Graco Inc were trading at $90.04, giving the company a market capitalization of $15.132 billion. The price-earnings ratio of the company stands at 30.61, which is above both the industry median of 21.71 and the historical median price-earnings ratio for Graco Inc.The stock's valuation, when compared to the GuruFocus Value (GF Value) of $80.27, indicates that Graco Inc is modestly overvalued with a price-to-GF-Value ratio of 1.12.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.Graco Inc specializes in the design, manufacture, and sale of systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials. The company's products are used across a wide range of industries, including manufacturing, processing, construction, and maintenance sectors.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
