Brady Corporation (NYSE:BRC) VP Thomas J. Felmer sold 2,649 shares of Brady stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $39.52, for a total value of $104,688.48. Following the completion of the transaction, the vice president now directly owns 57,668 shares of the company’s stock, valued at $2,279,039.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Brady Corporation (NYSE BRC) traded up $0.15 during mid-day trading on Tuesday, reaching $39.25. The company had a trading volume of 328,600 shares, compared to its average volume of 203,245. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.62 and a current ratio of 2.19. The firm has a market capitalization of $2,015.92, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 2.70 and a beta of 1.19. Brady Corporation has a 1 year low of $31.70 and a 1 year high of $40.50.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be given a $0.2075 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.83 dividend on an annualized basis and a yield of 2.11%. Brady’s payout ratio is 43.92%.

A number of research analysts recently issued reports on the company. Zacks Investment Research cut Brady from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. Robert W. Baird set a $36.00 price target on Brady and gave the company a “hold” rating in a report on Thursday, August 24th. SunTrust Banks reaffirmed a “hold” rating and issued a $38.00 price target on shares of Brady in a report on Friday, October 27th. Finally, Bank of America lifted their price target on Brady from $33.00 to $34.00 and gave the company an “underperform” rating in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Brady currently has an average rating of “Hold” and an average target price of $39.60.

A number of hedge funds have recently made changes to their positions in the stock. Invictus RG acquired a new stake in Brady in the third quarter worth about $486,000. OxFORD Asset Management LLP increased its position in Brady by 34.9% in the third quarter. OxFORD Asset Management LLP now owns 37,002 shares of the industrial products company’s stock worth $1,407,000 after purchasing an additional 9,571 shares during the period. Dimensional Fund Advisors LP increased its position in Brady by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,753,034 shares of the industrial products company’s stock worth $66,528,000 after purchasing an additional 38,340 shares during the period. Hartford Investment Management Co. acquired a new stake in Brady in the third quarter worth about $204,000. Finally, Schwab Charles Investment Management Inc. increased its position in Brady by 4.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 335,230 shares of the industrial products company’s stock worth $12,722,000 after purchasing an additional 14,074 shares during the period. Hedge funds and other institutional investors own 76.88% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Brady Corporation (BRC) VP Thomas J. Felmer Sells 2,649 Shares” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/12/12/brady-corporation-brc-vp-thomas-j-felmer-sells-2649-shares.html.

Brady Company Profile

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.

Insider Buying and Selling by Quarter for Brady (NYSE:BRC)

Receive News & Ratings for Brady Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brady and related companies with MarketBeat.com's FREE daily email newsletter.