Thomas J. Felmer Sells 13,431 Shares of Brady Corp. (BRC) Stock
Brady Corp. (NYSE:BRC) VP Thomas J. Felmer sold 13,431 shares of Brady Corp. stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $35.21, for a total transaction of $472,905.51. Following the transaction, the vice president now directly 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.
Shares of Brady Corp. (NYSE:BRC) opened at 34.70 on Wednesday. Brady Corp. has a 52 week low of $19.42 and a 52 week high of $36.12. The company has a market capitalization of $1.75 billion, a PE ratio of 21.99 and a beta of 1.12. The company has a 50-day moving average price of $33.61 and a 200-day moving average price of $30.50.
Brady Corp. (NYSE:BRC) last released its earnings results on Friday, September 9th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. Brady Corp. had a return on equity of 13.73% and a net margin of 7.15%. The firm had revenue of $282.10 million for the quarter. During the same period in the prior year, the company posted $0.28 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. Analysts predict that Brady Corp. will post $1.70 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.36%. Brady Corp.’s dividend payout ratio is currently 51.27%.
Large investors have recently added to or reduced their stakes in the company. PineBridge Investments L.P. boosted its stake in Brady Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 5,925 shares of the company’s stock worth $181,000 after buying an additional 219 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Brady Corp. during the second quarter valued at approximately $190,000. Teacher Retirement System of Texas boosted its stake in 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. Bayesian Capital Management LP acquired a new stake in Brady Corp. during the first quarter valued at approximately $224,000. Finally, Springbok Capital Management LLC boosted its stake in Brady Corp. by 37.1% in the first quarter. Springbok Capital Management LLC now owns 8,364 shares of the company’s stock valued at $224,000 after buying an additional 2,264 shares during the period. 75.73% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on BRC. SunTrust Banks Inc. upgraded Brady Corp. from a “reduce” rating to a “neutral” rating and lifted their target price for the stock from $24.00 to $34.00 in a research note on Tuesday, September 13th. Zacks Investment Research cut Brady Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Finally, Robert W. Baird lifted their target price on Brady Corp. from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Brady Corp. has a consensus rating of “Hold” and a consensus target price 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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