Brady Corp (NYSE:BRC) SVP Sells $354,496.00 in Stock

Brady Corp (NYSE:BRC) SVP Louis T. Bolognini sold 7,424 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $47.75, for a total transaction of $354,496.00. Following the transaction, the senior vice president now owns 34,264 shares in the company, valued at approximately $1,636,106. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NYSE:BRC opened at $49.32 on Friday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 2.73 and a beta of 0.97. Brady Corp has a 12 month low of $36.00 and a 12 month high of $50.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.36 and a current ratio of 3.03. The company has a 50-day moving average price of $47.55.

Brady (NYSE:BRC) last released its quarterly earnings results on Thursday, May 23rd. The industrial products company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. Brady had a net margin of 11.15% and a return on equity of 15.85%. The firm had revenue of $289.75 million for the quarter, compared to analyst estimates of $292.66 million. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts expect that Brady Corp will post 2.4 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be given a dividend of $0.2125 per share. The ex-dividend date is Tuesday, July 9th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 1.72%. Brady’s payout ratio is 41.67%.

A number of research firms recently weighed in on BRC. Zacks Investment Research cut shares of Brady from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st. ValuEngine cut shares of Brady from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.00.

Several hedge funds have recently made changes to their positions in BRC. First Trust Advisors LP lifted its stake in Brady by 36.9% in the first quarter. First Trust Advisors LP now owns 90,070 shares of the industrial products company’s stock valued at $4,180,000 after acquiring an additional 24,270 shares during the last quarter. Fort L.P. lifted its stake in Brady by 33.1% in the first quarter. Fort L.P. now owns 46,781 shares of the industrial products company’s stock valued at $2,171,000 after acquiring an additional 11,644 shares during the last quarter. GWM Advisors LLC lifted its stake in Brady by 18.5% in the first quarter. GWM Advisors LLC now owns 35,387 shares of the industrial products company’s stock valued at $1,642,000 after acquiring an additional 5,521 shares during the last quarter. Burney Co. lifted its stake in Brady by 11.4% in the first quarter. Burney Co. now owns 163,264 shares of the industrial products company’s stock valued at $7,577,000 after acquiring an additional 16,718 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Brady by 10.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,373,925 shares of the industrial products company’s stock valued at $63,765,000 after acquiring an additional 131,300 shares during the last quarter. Institutional investors own 80.64% of the company’s stock.

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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