Brady Corporation (NYSE:BRC) VP Thomas J. Felmer sold 3,980 shares of Brady stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $39.51, for a total value of $157,249.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Brady Corporation (NYSE BRC) opened at $38.70 on Monday. The company has a quick ratio of 1.62, a current ratio of 2.19 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1,995.30, a price-to-earnings ratio of 21.50, a P/E/G ratio of 2.67 and a beta of 1.19. Brady Corporation has a 1-year low of $31.70 and a 1-year high of $40.50.

Brady (NYSE:BRC) last issued its quarterly earnings results on Thursday, November 16th. The industrial products company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Brady had a return on equity of 13.90% and a net margin of 8.81%. The company had revenue of $290.15 million for the quarter, compared to the consensus estimate of $286.75 million. During the same quarter in the prior year, the business earned $0.44 EPS. Brady’s revenue was up 3.6% on a year-over-year basis. research analysts forecast that Brady Corporation will post 1.93 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.2075 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.83 annualized dividend and a dividend yield of 2.14%. Brady’s dividend payout ratio is currently 43.92%.

A number of brokerages have recently issued reports on BRC. Bank of America lifted their price target on Brady from $34.00 to $35.00 and gave the stock an “underperform” rating in a research note on Friday, November 17th. Zacks Investment Research lowered Brady from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. SunTrust Banks reissued a “hold” rating and set a $39.00 price objective on shares of Brady in a research note on Friday, November 17th. Finally, Robert W. Baird reissued a “hold” rating and set a $36.00 price objective on shares of Brady in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.60.

Several large investors have recently added to or reduced their stakes in BRC. Invictus RG purchased a new stake in Brady during the 3rd quarter valued at approximately $486,000. OxFORD Asset Management LLP raised its stake in Brady by 34.9% during the 3rd quarter. OxFORD Asset Management LLP now owns 37,002 shares of the industrial products company’s stock valued at $1,407,000 after acquiring an additional 9,571 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Brady by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,753,034 shares of the industrial products company’s stock valued at $66,528,000 after acquiring an additional 38,340 shares during the last quarter. Hartford Investment Management Co. purchased a new position in shares of Brady during the 3rd quarter worth approximately $204,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Brady by 4.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 335,230 shares of the industrial products company’s stock worth $12,722,000 after buying an additional 14,074 shares in the last quarter. 76.88% of the stock is owned by institutional investors and hedge funds.

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Brady 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, and the WPS segment includes workplace safety and compliance products.

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