Brady Co. (NYSE:BRC) Director Sells $298,500.00 in Stock

Brady Co. (NYSE:BRC) Director Elizabeth P. Bruno sold 5,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $59.70, for a total value of $298,500.00. Following the sale, the director now owns 328,593 shares of the company’s stock, valued at approximately $19,617,002.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brady Stock Performance

Shares of BRC opened at $59.27 on Friday. Brady Co. has a 12 month low of $46.77 and a 12 month high of $63.02. The stock has a fifty day moving average price of $59.60 and a 200-day moving average price of $57.23. The company has a current ratio of 2.13, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.86 billion, a PE ratio of 15.47, a P/E/G ratio of 2.13 and a beta of 0.77.

Brady (NYSE:BRC) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.92 by $0.01. Brady had a return on equity of 19.24% and a net margin of 14.08%. The firm had revenue of $322.60 million during the quarter, compared to analyst estimates of $339.61 million. During the same quarter in the prior year, the business posted $0.81 EPS. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities research analysts predict that Brady Co. will post 4 earnings per share for the current fiscal year.

Brady Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Monday, April 8th. Brady’s payout ratio is 24.54%.

Analyst Ratings Changes

A number of research firms have weighed in on BRC. StockNews.com lowered Brady from a “strong-buy” rating to a “buy” rating in a report on Monday, February 26th. Bank of America upgraded Brady from an “underperform” rating to a “buy” rating and increased their price objective for the company from $51.00 to $65.00 in a report on Tuesday, January 2nd.

Hedge Funds Weigh In On Brady

Several hedge funds have recently made changes to their positions in BRC. State Street Corp increased its position in shares of Brady by 34.0% in the 2nd quarter. State Street Corp now owns 4,963,837 shares of the industrial products company’s stock valued at $234,492,000 after acquiring an additional 1,259,342 shares during the period. Pacer Advisors Inc. increased its position in shares of Brady by 422,030.0% in the 4th quarter. Pacer Advisors Inc. now owns 856,924 shares of the industrial products company’s stock valued at $50,293,000 after acquiring an additional 856,721 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Brady by 2,366.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 825,563 shares of the industrial products company’s stock valued at $48,452,000 after acquiring an additional 792,094 shares during the period. Boston Partners increased its position in shares of Brady by 2,520.6% in the 4th quarter. Boston Partners now owns 465,465 shares of the industrial products company’s stock valued at $27,441,000 after acquiring an additional 447,703 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Brady during the 2nd quarter worth about $11,731,000. 76.28% of the stock is owned by institutional investors and hedge funds.

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 company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.