Thomas J. Felmer Sells 1,901 Shares of Brady Corp. (BRC) Stock
Brady Corp. (NYSE:BRC) VP Thomas J. Felmer sold 1,901 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $38.02, for a total transaction of $72,276.02. Following the sale, the vice president now owns 70,457 shares of the company’s stock, valued at $2,678,775.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Brady Corp. (NYSE:BRC) opened at 37.45 on Wednesday. Brady Corp. has a one year low of $20.35 and a one year high of $38.20. The firm’s 50-day moving average is $34.90 and its 200 day moving average is $32.95. The stock has a market cap of $1.91 billion, a P/E ratio of 22.70 and a beta of 1.08.
Brady Corp. (NYSE:BRC) last announced its quarterly earnings data on Wednesday, November 16th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The firm earned $280.20 million during the quarter, compared to analyst estimates of $277.87 million. Brady Corp. had a net margin of 7.51% and a return on equity of 14.14%. Brady Corp.’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.37 EPS. On average, analysts anticipate that Brady Corp. will post $1.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 10th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.19%. Brady Corp.’s payout ratio is currently 49.70%.
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Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Brady Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Robert W. Baird lifted their price target on shares of Brady Corp. from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, September 12th. Finally, SunTrust Banks Inc. raised shares of Brady Corp. from a “reduce” rating to a “neutral” rating and lifted their price target for the company from $24.00 to $34.00 in a report on Tuesday, September 13th. One research analyst has 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 company presently has a consensus rating of “Hold” and an average price target of $48.60.
Institutional investors have recently made changes to their positions in the stock. PineBridge Investments L.P. raised its position in shares of Brady Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 5,925 shares of the company’s stock valued at $181,000 after buying an additional 219 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Brady Corp. during the second quarter valued at approximately $190,000. Teacher Retirement System of Texas raised its position in shares of Brady Corp. by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,576 shares of the company’s stock valued at $201,000 after buying an additional 790 shares during the last quarter. Brighton Jones LLC bought a new position in shares of Brady Corp. during the third quarter valued at approximately $207,000. Finally, Verition Fund Management LLC bought a new position in shares of Brady Corp. during the third quarter valued at approximately $226,000. 75.72% of the stock is owned by hedge funds and other institutional investors.
About Brady Corp.
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 that are manufactured under various brands, including the Brady brand, and are primarily sold through distribution to a range of maintenance, repair and operations (MRO) and original equipment manufacturing (OEM) customers, and through other channels, including direct sales, catalog marketing and digital.
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