On November 3, 2023, Eric Etchart, a director at Graco Inc (GGG, Financial), sold 6,000 shares of the company. This move is part of a broader trend of insider selling at Graco Inc, which we will explore in more detail.
Eric Etchart is a seasoned executive with a wealth of experience in the industrial sector. He has served as a director at Graco Inc, a leading manufacturer of fluid handling systems and components. The company's products are used in a broad range of applications, including paint spraying, lubrication, sealants and adhesives, and process applications. Graco's innovative solutions help customers improve productivity, reduce costs, and create safer working environments.
Over the past year, Eric Etchart has sold 6,000 shares in total and purchased 0 shares in total. This recent sale represents a significant portion of his transactions over the past year.
The insider transaction history for Graco Inc shows that there have been 1 insider buys in total over the past year. Meanwhile, there have been 15 insider sells over the same timeframe. This trend suggests that insiders at Graco Inc may be taking advantage of the current stock price to realize their investments.
On the day of the insider's recent sale, shares of Graco Inc were trading for $76.35 apiece. This gives the stock a market cap of $13.01 billion. The price-earnings ratio is 25.35, which is higher than the industry median of 21.08 and higher than the company’s historical median price-earnings ratio. This suggests that the stock may be overvalued compared to its peers and its own historical averages.
With a price of $76.35 and a GuruFocus Value of $79.88, Graco Inc has a price-to-GF-Value ratio of 0.96. This means the stock is fairly valued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus that is calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance.
In conclusion, the insider's recent sale of Graco Inc shares, along with the broader trend of insider selling at the company, may suggest that insiders believe the stock is currently fairly valued. However, investors should always consider a range of factors when making investment decisions, including their own risk tolerance and investment objectives.
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.
