Brady Co. (NYSE:BRC) Director Elizabeth P. Bruno Sells 2,415 Shares

Brady Co. (NYSE:BRC) Director Elizabeth P. Bruno sold 2,415 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $60.01, for a total transaction of $144,924.15. Following the completion of the sale, the director now directly owns 326,178 shares in the company, valued at $19,573,941.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Brady Price Performance

Shares of BRC opened at $59.26 on Friday. Brady Co. has a fifty-two week low of $46.77 and a fifty-two week high of $63.02. The firm’s 50 day moving average price is $59.39 and its 200 day moving average price is $57.48. The company has a market cap of $2.86 billion, a P/E ratio of 15.47, a PEG ratio of 2.13 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 2.13 and a debt-to-equity ratio of 0.05.

Brady (NYSE:BRC) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.01. Brady had a net margin of 14.08% and a return on equity of 19.24%. The firm had revenue of $322.60 million for the quarter, compared to the consensus estimate of $339.61 million. During the same period in the prior year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, research analysts forecast that Brady Co. will post 4 earnings per share for the current fiscal year.

Brady Announces Dividend

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

Institutional Investors Weigh In On Brady

Large investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its position in shares of Brady by 69.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 388,453 shares of the industrial products company’s stock valued at $22,743,000 after purchasing an additional 158,780 shares during the last quarter. Boston Partners purchased a new stake in shares of Brady in the 3rd quarter valued at approximately $975,000. 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 purchasing an additional 792,094 shares during the last quarter. Graham Capital Management L.P. increased its position in shares of Brady by 722.3% in the 3rd quarter. Graham Capital Management L.P. now owns 54,451 shares of the industrial products company’s stock valued at $2,990,000 after purchasing an additional 47,829 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of Brady by 85.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 48,966 shares of the industrial products company’s stock valued at $2,689,000 after purchasing an additional 22,529 shares during the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Bank of America raised shares of Brady from an “underperform” rating to a “buy” rating and boosted their price target for the company from $51.00 to $65.00 in a research note on Tuesday, January 2nd. StockNews.com downgraded shares of Brady from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 26th.

About Brady

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.