Graco Inc. (NYSE:GGG), saw an insider alter his position with the company through a series of transactions that began yesterday and were officially filed today, August 26th. Director William J. Carroll acquired 5,212 shares of common stock at average prices ranging from $20.19 to $37.13 per share. Following this transaction, Carroll has a total of 26,062 shares invested in the company directly, while having 2,960 shares involved indirectly. Moreover, Graco Inc. (NYSE:GGG) is a $4.64 billion market cap company that designs, manufactures and sells equipment that pumps, meters, mixes, dispenses and sprays a variety of fluids and semi-solids.
In addition, while there are multiple outside investors, the largest is Gamco Investors, the hedge fund run by billionaire Mario Gabelli. This fund reported a 7% increase in its activity over the course of the last fiscal quarter, and following this movement, now has a total of about 1.2 million shares worth approximately $94.9 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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