Insider Selling: Brady Corp (BRC) VP Sells 11,667 Shares of Stock
Brady Corp (NYSE:BRC) VP Thomas J. Felmer sold 11,667 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $41.55, for a total transaction of $484,763.85. Following the completion of the transaction, the vice president now owns 69,782 shares of the company’s stock, valued at approximately $2,899,442.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
NYSE:BRC traded down $0.10 on Friday, reaching $41.10. 2,110 shares of the stock traded hands, compared to its average volume of 247,912. The company has a market capitalization of $2.16 billion, a PE ratio of 23.43, a P/E/G ratio of 2.58 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.71 and a current ratio of 2.34. Brady Corp has a 1-year low of $33.45 and a 1-year high of $41.95.
A number of research analysts recently issued reports on BRC shares. Bank of America lowered shares of Brady from a “buy” rating to an “underperform” rating and set a $40.00 price objective for the company. in a report on Monday, July 16th. Zacks Investment Research lowered shares of Brady from a “buy” rating to a “hold” rating in a report on Friday, May 25th. Finally, ValuEngine upgraded shares of Brady from a “hold” rating to a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $39.75.
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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