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

Brady Co. (NYSE:BRC) Director Nancy Lee Gioia sold 4,250 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $59.20, for a total transaction of $251,600.00. Following the transaction, the director now owns 11,551 shares in the company, valued at $683,819.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Brady Trading Down 0.1 %

Brady stock opened at $58.82 on Wednesday. The stock has a market cap of $2.84 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.10 and a beta of 0.77. Brady Co. has a 12 month low of $46.77 and a 12 month high of $63.02. The company’s fifty day simple moving average is $59.27 and its 200-day simple moving average is $57.58. 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 issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. The firm had revenue of $322.60 million during the quarter, compared to analysts’ expectations of $339.61 million. Brady had a net margin of 14.08% and a return on equity of 19.24%. Brady’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. As a group, sell-side analysts forecast that Brady Co. will post 4 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders 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 1.60%. The ex-dividend date is Monday, April 8th. Brady’s dividend payout ratio is currently 24.54%.

Institutional Investors Weigh In On Brady

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in shares of Brady by 31.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 178,644 shares of the industrial products company’s stock valued at $10,485,000 after buying an additional 42,622 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Brady by 4.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,729 shares of the industrial products company’s stock valued at $1,804,000 after acquiring an additional 1,329 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Brady in the fourth quarter valued at approximately $3,133,000. Public Sector Pension Investment Board raised its stake in shares of Brady by 63.9% in the fourth quarter. Public Sector Pension Investment Board now owns 93,017 shares of the industrial products company’s stock valued at $5,459,000 after acquiring an additional 36,271 shares during the last quarter. Finally, Gotham Asset Management LLC raised its stake in shares of Brady by 15.9% in the fourth quarter. Gotham Asset Management LLC now owns 33,518 shares of the industrial products company’s stock valued at $1,967,000 after acquiring an additional 4,592 shares during the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BRC shares. Bank of America upgraded 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 report on Tuesday, January 2nd. StockNews.com cut shares of Brady from a “strong-buy” rating to a “buy” rating in a report on Monday, February 26th.

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.