Brady Co. (NYSE:BRC - Get Free Report) Director Elizabeth P. Bruno sold 2,415 shares of the company's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $60.01, for a total transaction of $144,924.15. Following the transaction, the director now owns 326,178 shares in the company, valued at approximately $19,573,941.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Brady Price Performance
Shares of NYSE:BRC opened at $59.88 on Wednesday. Brady Co. has a twelve month low of $46.77 and a twelve month high of $63.02. The company's 50 day moving average is $59.44 and its 200 day moving average is $57.46. The company has a current ratio of 2.13, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.89 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.77.
Brady (NYSE:BRC - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.01. The business had revenue of $322.60 million for 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%. The business's revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.81 EPS. On average, sell-side analysts forecast that Brady Co. will post 4 EPS for the current year.
Brady Dividend Announcement
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.235 per share. The ex-dividend date is Monday, April 8th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.57%. Brady's dividend payout ratio (DPR) is 24.54%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. lifted its holdings in Brady by 24.2% in the 1st quarter. Citigroup Inc. now owns 52,649 shares of the industrial products company's stock valued at $2,436,000 after purchasing an additional 10,272 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Brady by 55.7% in the 1st quarter. MetLife Investment Management LLC now owns 26,111 shares of the industrial products company's stock worth $1,208,000 after acquiring an additional 9,339 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Brady by 0.8% in the 1st quarter. Rhumbline Advisers now owns 136,008 shares of the industrial products company's stock worth $6,293,000 after acquiring an additional 1,108 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Brady by 13.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,633 shares of the industrial products company's stock worth $1,926,000 after acquiring an additional 4,955 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Brady by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 5,332,099 shares of the industrial products company's stock worth $246,716,000 after acquiring an additional 17,763 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on BRC shares. Bank of America upgraded shares of Brady from an "underperform" rating to a "buy" rating and upped their price objective for the company from $51.00 to $65.00 in a report on Tuesday, January 2nd. StockNews.com downgraded shares of Brady from a "strong-buy" rating to a "buy" rating in a report on Monday, February 26th.
Check Out Our Latest Research Report on Brady
Brady Company Profile
(
Get Free Report)
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.
Further Reading
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