Elizabeth P. Bruno Sells 50,000 Shares of Brady Corp (NYSE:BRC) Stock

Brady Corp (NYSE:BRC) Director Elizabeth P. Bruno sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $45.30, for a total value of $2,265,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE:BRC opened at $46.82 on Wednesday. The stock’s 50 day moving average price is $48.00 and its 200 day moving average price is $49.58. The company has a market capitalization of $2.29 billion, a PE ratio of 20.72, a P/E/G ratio of 2.61 and a beta of 0.80. The company has a quick ratio of 1.78, a current ratio of 2.33 and a debt-to-equity ratio of 0.04. Brady Corp has a 52-week low of $33.00 and a 52-week high of $59.11.

Brady (NYSE:BRC) last released its quarterly earnings results on Thursday, May 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm had revenue of $265.90 million for the quarter, compared to analysts’ expectations of $251.25 million. Brady had a return on equity of 15.36% and a net margin of 10.78%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. As a group, sell-side analysts anticipate that Brady Corp will post 2.41 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be paid a dividend of $0.218 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.87 dividend on an annualized basis and a yield of 1.86%. Brady’s dividend payout ratio is presently 35.37%.

A number of large investors have recently added to or reduced their stakes in BRC. First Trust Advisors LP grew its stake in shares of Brady by 36.9% in the 1st quarter. First Trust Advisors LP now owns 90,070 shares of the industrial products company’s stock valued at $4,180,000 after purchasing an additional 24,270 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Brady by 30.7% in the fourth quarter. Victory Capital Management Inc. now owns 60,532 shares of the industrial products company’s stock worth $3,466,000 after acquiring an additional 14,220 shares during the last quarter. FMR LLC raised its holdings in shares of Brady by 87.6% in the fourth quarter. FMR LLC now owns 2,555 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 1,193 shares during the last quarter. Aviva PLC purchased a new stake in shares of Brady in the fourth quarter valued at $1,959,000. Finally, Bank of Montreal Can grew its position in shares of Brady by 1.3% in the fourth quarter. Bank of Montreal Can now owns 16,828 shares of the industrial products company’s stock valued at $964,000 after purchasing an additional 211 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Several equities research analysts have recently weighed in on BRC shares. Sidoti raised Brady from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, May 22nd. Wells Fargo & Co raised their target price on Brady from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Friday, May 22nd. Bank of America cut their target price on Brady from $45.00 to $44.00 and set an “underperform” rating on the stock in a research report on Thursday, June 4th. Finally, Zacks Investment Research lowered Brady from a “hold” rating to a “sell” rating in a research report on Friday, June 5th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $47.25.

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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Insider Buying and Selling by Quarter for Brady (NYSE:BRC)

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