Brady Co. (NYSE: BRC – Get Rating) Director Elizabeth P. Bruno sold 4,250 Brady shares in a trade that took place on Tuesday, May 31. The stock was sold at an average price of $48.32, for a total transaction of $205,360.00. Following the sale, the director now owns 356,340 shares of the company, valued at approximately $17,218,348.80. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website.
NYSE BRC traded down $0.33 during Wednesday’s trading, hitting $48.18. 12,665 shares of the stock traded in hands, compared to its average volume of 231,810. The company has a market capitalization of $2.49 billion, a price-earnings ratio of 18.25, a price-earnings ratio of growth of 2.29 and a beta of 0.80. The stock’s 50-day moving average price is $45.85 and its 200-day moving average price is $48.80. The company has a quick ratio of 1.24, a current ratio of 1.97 and a debt ratio of 0.08. Brady Co. has a fifty-two week low of $41.69 and a fifty-two week high of $61.76.
Brady (NYSE:BRC – Get Rating) last released its quarterly results on Thursday, May 26. The industrial products company reported earnings per share of $0.86 for the quarter, beating the consensus estimate of $0.80 by $0.06. The company posted revenue of $338.60 million in the quarter, compared to $333.91 million expected by analysts. Brady had a net margin of 10.66% and a return on equity of 16.38%. The company’s quarterly revenue increased by 14.6% compared to the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of $0.71. Analysts expect Brady Co. to post 3.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 29. Shareholders of record on Friday, July 8 will receive a dividend of $0.225. This represents an annualized dividend of $0.90 and a dividend yield of 1.87%. The ex-dividend date is Thursday, July 7. Brady’s dividend payout ratio (DPR) is currently 34.22%.
Several brokerages have recently commented on BRC. Zacks Investment Research upgraded Brady’s shares from a “sell” rating to a “hold” rating in a Tuesday, April 26 research report. StockNews.com upgraded Brady’s shares from a “hold” rating to a “buy” rating in a Friday, March 25 report. Finally, Wells Fargo & Company cut Brady’s stock from an “overweight” rating to an “equal weight” rating and lowered its price target for the company from $60.00 to $52.00 in a report from the Friday February 18.
Several institutional investors have recently increased or reduced their stake in BRC. Point72 Hong Kong Ltd acquired a new position in shares of Brady in the third quarter worth approximately $64,000. Parallel Advisors LLC increased its holdings of Brady stock by 3,227.9% in the first quarter. Parallel Advisors LLC now owns 1,431 shares of the industrial products company valued at $68,000 after purchasing an additional 1,388 shares during the period. Lazard Asset Management LLC increased its holdings of Brady stock by 14.4% in the first quarter. Lazard Asset Management LLC now owns 2,232 shares of the industrial products company valued at $103,000 after purchasing an additional 281 shares during the period. Captrust Financial Advisors increased its holdings of Brady shares by 55.8% in the first quarter. Captrust Financial Advisors now owns 3,372 shares of the industrial products company valued at $156,000 after purchasing an additional 1,208 shares during the period. Finally, ARK Investment Management LLC increased its holdings of Brady stock by 7.1% in the first quarter. ARK Investment Management LLC now owns 3,892 shares of the industrial products company valued at $180,000 after purchasing an additional 257 shares during the period. Institutional investors hold 78.70% of the company’s shares.
About Brady (Get a rating)
Brady Corporation manufactures and supplies Identification Solutions (IDS) and Workplace Safety Products (WPS) to identify and protect premises, products and people in the United States and around the world. The IDS segment offers safety signs, floor marking tapes, pipe markers, tagging systems, spill control products and lockout/tagout devices for facility identification and protection; materials, printing systems, RFID readers and barcodes for product identification, brand protection labeling, work in progress labeling and finished product identification; and handheld 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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