Brady Corp (NYSE:BRC) SVP Louis T. Bolognini sold 6,892 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $44.73, for a total transaction of $308,279.16. Following the transaction, the senior vice president now owns 33,486 shares of the company’s stock, valued at approximately $1,497,828.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE:BRC traded down $0.04 on Friday, reaching $39.96. 266,584 shares of the company’s stock were exchanged, compared to its average volume of 230,993. The company has a quick ratio of 1.88, a current ratio of 2.47 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.28 billion, a PE ratio of 19.59, a P/E/G ratio of 2.65 and a beta of 1.16. Brady Corp has a 52 week low of $35.00 and a 52 week high of $47.35.
Brady (NYSE:BRC) last released its quarterly earnings data on Thursday, September 13th. The industrial products company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.14. The company had revenue of $297.50 million during the quarter, compared to analyst estimates of $297.04 million. Brady had a net margin of 7.76% and a return on equity of 14.67%. Brady’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. Analysts anticipate that Brady Corp will post 2.2 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th will be paid a $0.85 dividend. This is an increase from Brady’s previous quarterly dividend of $0.21. This represents a $3.40 dividend on an annualized basis and a yield of 8.51%. The ex-dividend date of this dividend is Tuesday, October 9th. Brady’s dividend payout ratio (DPR) is currently 41.67%.
BRC has been the subject of several research reports. Zacks Investment Research upgraded shares of Brady from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Monday, September 17th. ValuEngine upgraded shares of Brady from a “hold” rating to a “buy” rating in a research report on Thursday, September 6th. Sidoti lowered shares of Brady from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 18th. Finally, Bank of America set a $42.00 target price on shares of Brady and gave the stock a “sell” rating in a research report on Monday, September 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Brady currently has a consensus rating of “Hold” and an average target price of $42.25.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Fort L.P. purchased a new stake in Brady in the second quarter valued at approximately $103,000. Bruderman Asset Management LLC purchased a new position in shares of Brady during the second quarter worth approximately $115,000. First Citizens Bank & Trust Co. purchased a new position in shares of Brady during the second quarter worth approximately $212,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Brady during the first quarter worth approximately $237,000. Finally, Verition Fund Management LLC purchased a new position in shares of Brady during the first quarter worth approximately $243,000. 75.59% of the stock is currently owned by institutional investors and hedge funds.
Brady Company Profile
Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.
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