Nancy Lee Gioia Sells 4,250 Shares of Brady Co. (NYSE:BRC) Stock

Brady Co. (NYSE:BRC) Director Nancy Lee Gioia sold 4,250 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $59.20, for a total value of $251,600.00. Following the completion of the sale, the director now directly owns 11,551 shares in the company, valued at $683,819.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Brady Trading Up 1.0 %

Shares of BRC stock opened at $58.85 on Friday. The stock has a 50-day simple moving average of $59.16 and a 200 day simple moving average of $57.60. Brady Co. has a fifty-two week low of $46.77 and a fifty-two week high of $63.02. The stock has a market capitalization of $2.84 billion, a P/E ratio of 15.37, a P/E/G ratio of 2.10 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 released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. Brady had a return on equity of 19.24% and a net margin of 14.08%. The business had revenue of $322.60 million during the quarter, compared to analyst estimates of $339.61 million. During the same quarter last year, the company posted $0.81 EPS. Brady’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, sell-side analysts expect that Brady Co. will post 4 earnings per share for the current fiscal year.

Brady Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, April 8th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.60%. Brady’s dividend payout ratio (DPR) is 24.54%.

Analysts Set New Price Targets

BRC has been the subject of several research reports. Bank of America raised Brady from an “underperform” rating to a “buy” rating and raised their target price for the company from $51.00 to $65.00 in a research note on Tuesday, January 2nd. StockNews.com cut Brady from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 26th.

Hedge Funds Weigh In On Brady

A number of hedge funds and other institutional investors have recently modified their holdings of BRC. US Bancorp DE lifted its stake in Brady by 34.5% in the 2nd quarter. US Bancorp DE now owns 775 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 199 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Brady by 14.4% in the 1st quarter. Lazard Asset Management LLC now owns 2,232 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 281 shares in the last quarter. AXS Investments LLC lifted its stake in Brady by 10.3% in the 4th quarter. AXS Investments LLC now owns 3,095 shares of the industrial products company’s stock worth $182,000 after acquiring an additional 290 shares in the last quarter. Captrust Financial Advisors lifted its stake in Brady by 8.6% in the 2nd quarter. Captrust Financial Advisors now owns 3,662 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 290 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its stake in Brady by 27.1% in the 1st quarter. Belpointe Asset Management LLC now owns 1,456 shares of the industrial products company’s stock worth $78,000 after acquiring an additional 310 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

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.