Elizabeth P. Bruno Sells 5,000 Shares of Brady Co. (NYSE:BRC) Stock

Brady Co. (NYSE:BRC) Director Elizabeth P. Bruno sold 5,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $59.70, for a total value of $298,500.00. Following the transaction, the director now owns 328,593 shares in the company, valued at $19,617,002.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Brady Trading Down 0.4 %

Shares of BRC stock traded down $0.21 during trading hours on Thursday, hitting $59.37. 84,280 shares of the company were exchanged, compared to its average volume of 368,379. The company has a 50 day simple moving average of $59.60 and a two-hundred day simple moving average of $57.22. Brady Co. has a fifty-two week low of $46.77 and a fifty-two week high of $63.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.13. The firm has a market cap of $2.87 billion, a P/E ratio of 15.59, a P/E/G ratio of 2.11 and a beta of 0.77.

Brady (NYSE:BRC) last released its earnings results 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 company had revenue of $322.60 million for the quarter, compared to analysts’ expectations of $339.61 million. Brady had a return on equity of 19.24% and a net margin of 14.08%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. Equities analysts anticipate that Brady Co. will post 4 EPS for the current year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.58%. Brady’s dividend payout ratio is currently 24.54%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. StockNews.com downgraded shares of Brady from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 26th. Bank of America upgraded shares of Brady from an “underperform” rating to a “buy” rating and upped their price target for the company from $51.00 to $65.00 in a report on Tuesday, January 2nd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Boston Partners purchased a new position in shares of Brady in the third quarter valued at approximately $975,000. Graham Capital Management L.P. grew its stake in shares of Brady by 722.3% in the third quarter. Graham Capital Management L.P. now owns 54,451 shares of the industrial products company’s stock valued at $2,990,000 after buying an additional 47,829 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Brady by 2,366.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 825,563 shares of the industrial products company’s stock worth $48,452,000 after purchasing an additional 792,094 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in Brady by 85.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 48,966 shares of the industrial products company’s stock worth $2,689,000 after purchasing an additional 22,529 shares in the last quarter. Finally, Comerica Bank purchased a new stake in Brady during the 2nd quarter worth about $4,620,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

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 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.