GGG - MARTHA MORFITT At Graco Exercises Options | Benzinga
Highlighted on February 20, it was unveiled in an SEC filing that MORFITT, Director at Graco (NYSE:GGG), executed a significant transaction involving the exercise of company stock options.
What Happened: MORFITT, Director at Graco, made a strategic move by exercising stock options for 0 shares of GGG as detailed in a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission. The transaction value amounted to $0.
The Tuesday morning update indicates Graco shares down by 0.0%, currently priced at $88.15. At this value, MORFITT's 0 shares are worth $0.
Discovering Graco: A Closer Look
Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2.2 billion in sales in 2023.
Key Indicators: Graco's Financial Health
Revenue Growth: Graco displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 5.0%. This indicates a notable increase in the company's ...