Brady Corp. (BRC) VP Thomas J. Felmer Sells 5,729 Shares of Stock
Brady Corp. (NYSE:BRC) VP Thomas J. Felmer sold 5,729 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $37.51, for a total transaction of $214,894.79. Following the completion of the transaction, the vice president now owns 69,247 shares in the company, valued at approximately $2,597,454.97. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Brady Corp. (NYSE:BRC) traded up 0.13% on Tuesday, hitting $37.55. The stock had a trading volume of 8,973 shares. Brady Corp. has a 12 month low of $20.35 and a 12 month high of $38.20. The firm has a 50 day moving average of $34.59 and a 200 day moving average of $32.59. The stock has a market cap of $1.91 billion, a P/E ratio of 22.76 and a beta of 1.08.
Brady Corp. (NYSE:BRC) last posted its earnings results on Wednesday, November 16th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm earned $280.20 million during the quarter, compared to analysts’ expectations of $277.87 million. Brady Corp. had a return on equity of 14.14% and a net margin of 7.51%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share. On average, equities analysts forecast that Brady Corp. will post $1.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 10th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.19%. Brady Corp.’s payout ratio is 49.70%.
Several equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Brady Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 1st. Robert W. Baird upped their price objective on Brady Corp. from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, September 12th. Finally, SunTrust Banks Inc. upgraded Brady Corp. from a “reduce” rating to a “neutral” rating and upped their price objective for the stock from $24.00 to $34.00 in a research report on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $48.60.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Brady Corp. by 7.9% in the second quarter. Vanguard Group Inc. now owns 3,940,176 shares of the company’s stock valued at $120,411,000 after buying an additional 287,649 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Brady Corp. by 8.3% in the third quarter. BlackRock Fund Advisors now owns 3,257,292 shares of the company’s stock valued at $112,735,000 after buying an additional 248,937 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Brady Corp. by 21.6% in the third quarter. JPMorgan Chase & Co. now owns 2,454,817 shares of the company’s stock valued at $84,962,000 after buying an additional 436,101 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Brady Corp. by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,634,663 shares of the company’s stock valued at $49,953,000 after buying an additional 98,050 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Brady Corp. by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,184,826 shares of the company’s stock valued at $31,801,000 after buying an additional 21,377 shares during the last quarter. Hedge funds and other institutional investors own 76.27% of the company’s stock.
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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