Thomas J. Felmer Sells 8,099 Shares of Brady Corp. (BRC) Stock
Brady Corp. (NYSE:BRC) VP Thomas J. Felmer sold 8,099 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $38.00, for a total transaction of $307,762.00. Following the transaction, the vice president now owns 76,926 shares in the company, valued at $2,923,188. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Brady Corp. (NYSE:BRC) opened at 37.90 on Friday. The firm has a 50-day moving average of $34.76 and a 200 day moving average of $32.71. The firm has a market cap of $1.93 billion, a P/E ratio of 22.97 and a beta of 1.08. Brady Corp. has a 12 month low of $20.35 and a 12 month high of $38.20.
Brady Corp. (NYSE:BRC) last issued its quarterly earnings results on Wednesday, November 16th. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $280.20 million for 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%. Brady Corp.’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. On average, equities research analysts anticipate that Brady Corp. will post $1.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 10th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.16%. Brady Corp.’s dividend payout ratio is currently 49.70%.
Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Brady Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th. SunTrust Banks Inc. upgraded shares of Brady Corp. from a “reduce” rating to a “neutral” rating and raised their price target for the company from $24.00 to $34.00 in a report on Tuesday, September 13th. Finally, Robert W. Baird raised their price target on shares of Brady Corp. from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, September 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $48.60.
Institutional investors have recently modified their holdings of the company. PineBridge Investments L.P. boosted its position 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 worth $181,000 after buying an additional 219 shares in the last quarter. Brighton Jones LLC bought a new position in shares of Brady Corp. during the third quarter worth $207,000. O Shaughnessy Asset Management LLC bought a new position in shares of Brady Corp. during the second quarter worth $190,000. Verition Fund Management LLC bought a new position in shares of Brady Corp. during the third quarter worth $226,000. Finally, Teacher Retirement System of Texas boosted its position 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 worth $201,000 after buying an additional 790 shares in the last quarter. 76.27% of the stock is currently owned by hedge funds and other institutional investors.
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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