Brady Co. (NYSE:BRC) Director Elizabeth P. Bruno sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 29th. The shares were sold at an average price of $50.73, for a total value of $1,014,600.00. Following the completion of the sale, the director now directly owns 22,860 shares of the company’s stock, valued at $1,159,687.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Brady stock opened at $52.82 on Friday. The stock has a fifty day moving average of $47.09 and a two-hundred day moving average of $45.23. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.76 and a beta of 0.78. Brady Co. has a fifty-two week low of $33.00 and a fifty-two week high of $58.22.
Brady (NYSE:BRC) last released its quarterly earnings results on Wednesday, November 18th. The industrial products company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. The company had revenue of $277.23 million during the quarter, compared to the consensus estimate of $271.90 million. Brady had a return on equity of 13.80% and a net margin of 10.11%. Research analysts anticipate that Brady Co. will post 2.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 8th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Thursday, January 7th. Brady’s dividend payout ratio is currently 41.71%.
Several large investors have recently made changes to their positions in the company. Baird Financial Group Inc. grew its position in shares of Brady by 1.5% in the second quarter. Baird Financial Group Inc. now owns 18,250 shares of the industrial products company’s stock valued at $1,045,000 after purchasing an additional 272 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Brady by 12.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,866 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 312 shares during the last quarter. Alpha Windward LLC boosted its holdings in Brady by 9.0% in the third quarter. Alpha Windward LLC now owns 8,760 shares of the industrial products company’s stock valued at $351,000 after acquiring an additional 720 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Brady by 0.8% in the third quarter. Allianz Asset Management GmbH now owns 92,663 shares of the industrial products company’s stock valued at $3,708,000 after acquiring an additional 760 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in Brady by 2.5% in the second quarter. American International Group Inc. now owns 34,281 shares of the industrial products company’s stock valued at $1,605,000 after acquiring an additional 850 shares during the last quarter. 72.04% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on BRC. BidaskClub raised Brady from a “hold” rating to a “buy” rating in a research note on Monday, December 28th. Sidoti began coverage on Brady in a research note on Friday, December 18th. They issued a “buy” rating for the company. Finally, Zacks Investment Research raised Brady from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, November 25th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $51.00.
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, floor-marking tapes, 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 and 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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