Brady Corp (NYSE:BRC) SVP Louis T. Bolognini sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $48.50, for a total transaction of $48,500.00. Following the sale, the senior vice president now directly owns 29,208 shares of the company’s stock, valued at approximately $1,416,588. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Brady stock opened at $48.21 on Friday. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 2.69 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.03 and a quick ratio of 2.36. Brady Corp has a 12 month low of $36.00 and a 12 month high of $50.12.
Brady (NYSE:BRC) last released its quarterly earnings data on Thursday, May 23rd. The industrial products company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $289.75 million during the quarter, compared to the consensus estimate of $292.66 million. Brady had a net margin of 11.15% and a return on equity of 15.85%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. On average, analysts anticipate that Brady Corp will post 2.4 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be issued a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, July 9th. Brady’s dividend payout ratio is presently 41.67%.
A number of analysts have recently weighed in on BRC shares. Zacks Investment Research downgraded shares of Brady from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. ValuEngine downgraded shares of Brady from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, three have assigned 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 $46.00.
A number of institutional investors have recently added to or reduced their stakes in BRC. Quadrant Capital Group LLC boosted its holdings in Brady by 107.7% in the first quarter. Quadrant Capital Group LLC now owns 920 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 477 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Brady by 44.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,595 shares of the industrial products company’s stock worth $113,000 after purchasing an additional 793 shares during the period. Advisor Group Inc. boosted its holdings in Brady by 45.1% in the fourth quarter. Advisor Group Inc. now owns 2,717 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 845 shares during the period. C M Bidwell & Associates Ltd. boosted its holdings in Brady by 73.1% in the first quarter. C M Bidwell & Associates Ltd. now owns 3,965 shares of the industrial products company’s stock worth $184,000 after purchasing an additional 1,675 shares during the period. Finally, Magnus Financial Group LLC acquired a new position in Brady in the first quarter worth $207,000. 80.64% of the stock is owned by hedge funds and other institutional investors.
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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 IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.
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