Brady Corp (NYSE:BRC) VP Thomas J. Felmer sold 35,000 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $42.71, for a total transaction of $1,494,850.00. Following the completion of the transaction, the vice president now directly owns 93,115 shares in the company, valued at $3,976,941.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BRC stock opened at $44.15 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.88 and a current ratio of 2.47. Brady Corp has a 12 month low of $35.00 and a 12 month high of $47.35. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.85 and a beta of 1.12.

Brady (NYSE:BRC) last released its earnings results on Thursday, September 13th. The industrial products company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.52 by $0.14. Brady had a net margin of 7.76% and a return on equity of 14.67%. The firm had revenue of $297.50 million for the quarter, compared to analyst estimates of $297.04 million. During the same period last year, the firm earned $0.48 EPS. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. equities research analysts forecast that Brady Corp will post 2.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th will be issued a $0.85 dividend. This is a positive change from Brady’s previous quarterly dividend of $0.21. This represents a $3.40 annualized dividend and a yield of 7.70%. The ex-dividend date of this dividend is Tuesday, October 9th. Brady’s dividend payout ratio (DPR) is currently 40.69%.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Brady from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday. Sidoti lowered shares of Brady from a “buy” rating to a “neutral” rating in a report on Tuesday. Bank of America set a $42.00 target price on shares of Brady and gave the company a “sell” rating in a report on Monday. Finally, ValuEngine raised shares of Brady from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $42.25.

A number of hedge funds have recently added to or reduced their stakes in the business. Fort L.P. bought a new stake in shares of Brady during the 2nd quarter valued at approximately $103,000. Bruderman Asset Management LLC bought a new stake in shares of Brady during the 2nd quarter valued at approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Brady by 95.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,941 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 1,921 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of Brady during the 2nd quarter valued at approximately $212,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Brady during the 1st quarter valued at approximately $237,000. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

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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