Brady Corp. (BRC) VP Thomas J. Felmer Sells 1,901 Shares
Brady Corp. (NYSE:BRC) VP Thomas J. Felmer sold 1,901 shares of the firm’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $38.02, for a total value of $72,276.02. Following the transaction, the vice president now directly owns 70,457 shares of the company’s stock, valued at approximately $2,678,775.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Brady Corp. (NYSE:BRC) opened at 37.50 on Tuesday. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 22.73 and a beta of 1.08. Brady Corp. has a 52-week low of $20.35 and a 52-week high of $38.20. The stock has a 50 day moving average price of $34.90 and a 200 day moving average price of $32.95.
Brady Corp. (NYSE:BRC) last released its quarterly earnings results on Wednesday, November 16th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Brady Corp. had a return on equity of 14.14% and a net margin of 7.51%. The company had revenue of $280.20 million for the quarter, compared to analyst estimates of $277.87 million. During the same quarter in the prior year, the firm posted $0.37 EPS. Brady Corp.’s quarterly revenue was down 1.0% compared to the same quarter last year. Analysts expect that Brady Corp. will post $1.69 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 10th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.16%. Brady Corp.’s dividend payout ratio (DPR) is presently 49.70%.
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Several equities analysts have commented on the company. Zacks Investment Research lowered Brady Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Robert W. Baird raised their price objective on 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 Brady Corp. from a “reduce” rating to a “neutral” rating and raised their price objective for the company from $24.00 to $34.00 in a research report on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.60.
A number of institutional investors have recently made changes to their positions in the stock. LS Investment Advisors LLC increased its position 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. Baird Financial Group Inc. increased its position in shares of Brady Corp. by 0.4% in the second quarter. Baird Financial Group Inc. now owns 27,585 shares of the company’s stock valued at $843,000 after buying an additional 100 shares during the period. Oarsman Capital Inc. increased its position in shares of Brady Corp. by 1.2% in the second quarter. Oarsman Capital Inc. now owns 8,689 shares of the company’s stock valued at $266,000 after buying an additional 100 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of Brady Corp. by 1.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,780 shares of the company’s stock valued at $442,000 after buying an additional 170 shares during the period. Finally, Profund Advisors LLC increased its position in shares of Brady Corp. by 1.9% in the second quarter. Profund Advisors LLC now owns 10,638 shares of the company’s stock valued at $325,000 after buying an additional 198 shares during the period. 75.72% of the stock is currently owned by 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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