Brady Corp (NYSE:BRC) SVP Sells $684,852.76 in Stock

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Brady Corp (NYSE:BRC) SVP Helena Regina Nelligan sold 12,652 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $54.13, for a total value of $684,852.76. Following the transaction, the senior vice president now owns 22,920 shares of the company’s stock, valued at $1,240,659.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Brady stock traded up $0.77 during trading on Friday, hitting $54.43. 3,091 shares of the stock traded hands, compared to its average volume of 264,507. The firm has a market cap of $2.94 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.88 and a beta of 0.95. Brady Corp has a 52-week low of $38.81 and a 52-week high of $56.42. The stock’s fifty day simple moving average is $50.02 and its 200 day simple moving average is $48.56.

Brady (NYSE:BRC) last announced its quarterly earnings results on Friday, September 6th. The industrial products company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $295.30 million for the quarter, compared to analyst estimates of $298.90 million. Brady had a return on equity of 16.15% and a net margin of 11.31%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. On average, equities research analysts anticipate that Brady Corp will post 2.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a dividend of $0.218 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.87 dividend on an annualized basis and a yield of 1.60%. This is an increase from Brady’s previous quarterly dividend of $0.21. Brady’s dividend payout ratio (DPR) is presently 34.55%.

A number of hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in Brady by 1.3% during the second quarter. State of Alaska Department of Revenue now owns 16,777 shares of the industrial products company’s stock valued at $827,000 after purchasing an additional 219 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Brady by 1.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 19,252 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 300 shares in the last quarter. Mason Street Advisors LLC boosted its position in Brady by 3.8% during the first quarter. Mason Street Advisors LLC now owns 15,777 shares of the industrial products company’s stock valued at $732,000 after purchasing an additional 580 shares in the last quarter. Arizona State Retirement System boosted its position in Brady by 0.9% during the second quarter. Arizona State Retirement System now owns 76,450 shares of the industrial products company’s stock valued at $3,771,000 after purchasing an additional 668 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. boosted its position in Brady by 6.0% during the first quarter. Piedmont Investment Advisors Inc. now owns 12,319 shares of the industrial products company’s stock valued at $572,000 after purchasing an additional 696 shares in the last quarter. 80.51% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on the company. Wells Fargo & Co set a $45.00 price target on Brady and gave the company a “hold” rating in a report on Friday, July 12th. ValuEngine lowered Brady from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Bank of America increased their price target on Brady from $46.00 to $49.00 and gave the company an “underperform” rating in a report on Monday, September 9th. Finally, Zacks Investment Research upgraded Brady from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.25.

About Brady

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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