Brady Corporation (BRC) VP Thomas J. Felmer Sells 3,980 Shares

Brady Corporation (NYSE:BRC) VP Thomas J. Felmer sold 3,980 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $39.51, for a total value of $157,249.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Brady Corporation (NYSE BRC) traded down $0.40 during mid-day trading on Friday, reaching $38.70. The company had a trading volume of 172,143 shares, compared to its average volume of 202,566. Brady Corporation has a fifty-two week low of $31.70 and a fifty-two week high of $40.50. The company has a market capitalization of $2,030.00, a PE ratio of 21.92, a P/E/G ratio of 2.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.19 and a quick ratio of 1.62.

Brady (NYSE:BRC) last announced its earnings results on Thursday, November 16th. The industrial products company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Brady had a return on equity of 13.90% and a net margin of 8.81%. The business had revenue of $290.15 million during the quarter, compared to analysts’ expectations of $286.75 million. During the same quarter last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. sell-side analysts expect that Brady Corporation will post 1.93 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.2075 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.83 annualized dividend and a yield of 2.14%. Brady’s dividend payout ratio is currently 44.15%.

A number of hedge funds have recently made changes to their positions in the stock. Eaton Vance Management boosted its position in shares of Brady by 0.3% in the 2nd quarter. Eaton Vance Management now owns 11,521 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 32 shares during the period. Arizona State Retirement System boosted its position in shares of Brady by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 24,915 shares of the industrial products company’s stock valued at $845,000 after purchasing an additional 100 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Brady by 0.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 43,814 shares of the industrial products company’s stock valued at $1,485,000 after purchasing an additional 138 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Brady by 1.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,640 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 240 shares during the period. Finally, Amalgamated Bank boosted its position in shares of Brady by 5.0% in the 2nd quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 305 shares during the period. 77.23% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on BRC. Zacks Investment Research cut Brady from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. SunTrust Banks reaffirmed a “hold” rating and set a $39.00 target price on shares of Brady in a research note on Friday, November 17th. Bank of America raised their target price on Brady from $34.00 to $35.00 and gave the company an “underperform” rating in a research note on Friday, November 17th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $36.00 target price on shares of Brady in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Brady has an average rating of “Hold” and a consensus target price of $39.60.

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About Brady

Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.

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