Brady Corp. (NYSE:BRC) VP Thomas J. Felmer sold 13,431 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $35.21, for a total transaction of $472,905.51. Following the completion of the transaction, the vice president now owns 74,927 shares in the company, valued at $2,638,179.67. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Brady Corp. (NYSE:BRC) opened at 34.67 on Thursday. The stock has a 50 day moving average of $33.68 and a 200 day moving average of $30.53. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 21.97 and a beta of 1.12. Brady Corp. has a one year low of $19.42 and a one year high of $36.12.
Brady Corp. (NYSE:BRC) last announced its quarterly earnings data on Friday, September 9th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.12. Brady Corp. had a net margin of 7.15% and a return on equity of 13.73%. The firm earned $282.10 million during the quarter. During the same quarter last year, the business earned $0.28 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts forecast that Brady Corp. will post $1.70 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, October 11th will be paid a $0.205 dividend. This is a boost from Brady Corp.’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a dividend yield of 2.37%. Brady Corp.’s dividend payout ratio (DPR) is 51.27%.
Hedge funds have recently made changes to their positions in the stock. PineBridge Investments L.P. boosted its stake in shares of Brady Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 5,925 shares of the company’s stock valued at $181,000 after buying an additional 219 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of Brady Corp. during the second quarter valued at approximately $190,000. Teacher Retirement System of Texas boosted its stake in shares of Brady Corp. by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,576 shares of the company’s stock valued at $201,000 after buying an additional 790 shares during the period. BlackRock Inc. boosted its stake in shares of Brady Corp. by 105.8% in the second quarter. BlackRock Inc. now owns 7,497 shares of the company’s stock valued at $229,000 after buying an additional 3,855 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in shares of Brady Corp. by 1.0% in the second quarter. LS Investment Advisors LLC now owns 7,741 shares of the company’s stock valued at $237,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 75.73% of the company’s stock.
BRC has been the topic of several recent analyst reports. SunTrust Banks Inc. upgraded shares of Brady Corp. from a “reduce” rating to a “neutral” rating and boosted their target price for the company from $24.00 to $34.00 in a report on Tuesday, September 13th. Zacks Investment Research lowered shares of Brady Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Robert W. Baird upped their price objective on shares of Brady Corp. from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, September 12th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $48.60.
Brady Corp. Company Profile
Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products that are manufactured under various brands, including the Brady brand, and are primarily sold through distribution to a range of maintenance, repair and operations (MRO) and original equipment manufacturing (OEM) customers, and through other channels, including direct sales, catalog marketing and digital.
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