Brady Corp. (BRC) VP Bentley Curran Sells 6,378 Shares
Brady Corp. (NYSE:BRC) VP Bentley Curran sold 6,378 shares of Brady Corp. stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $34.71, for a total transaction of $221,380.38. Following the completion of the sale, the vice president now directly owns 36,459 shares of the company’s stock, valued at approximately $1,265,491.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Brady Corp. (NYSE:BRC) opened at 34.49 on Friday. Brady Corp. has a 12 month low of $19.49 and a 12 month high of $36.12. The stock’s 50 day moving average is $33.75 and its 200-day moving average is $30.56. The company has a market cap of $1.74 billion, a P/E ratio of 21.86 and a beta of 1.12.
Brady Corp. (NYSE:BRC) last announced its quarterly earnings results on Friday, September 9th. The company reported $0.49 earnings per share for the quarter, topping the 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 period in the previous year, the company posted $0.28 EPS. Brady Corp.’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities analysts forecast that Brady Corp. will post $1.70 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, October 11th will be given a dividend of $0.205 per share. This is a boost from Brady Corp.’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, October 6th. This represents a $0.82 dividend on an annualized basis and a yield of 2.38%. Brady Corp.’s dividend payout ratio is presently 51.27%.
A number of large investors have recently bought and sold shares of BRC. 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 during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Brady Corp. during the second quarter worth 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 worth $201,000 after buying an additional 790 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in Brady Corp. during the first quarter worth 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 worth $224,000 after buying an additional 2,264 shares during the last quarter. 75.73% of the stock is owned by institutional investors.
A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Brady Corp. from a “hold” rating to a “sell” rating in a research report on Monday, August 1st. Robert W. Baird boosted their price objective on shares of Brady Corp. from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, September 12th. Finally, SunTrust Banks Inc. raised shares of Brady Corp. from a “reduce” rating to a “neutral” rating and boosted their price objective for the company from $24.00 to $34.00 in a research report on Tuesday, September 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Brady Corp. currently has an average rating of “Hold” and a consensus target price of $48.60.
About Brady Corp.
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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