Brady Corp (NYSE:BRC) VP Thomas J. Felmer sold 31,667 shares of the stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $46.00, for a total value of $1,456,682.00. Following the completion of the transaction, the vice president now owns 72,040 shares in the company, valued at approximately $3,313,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of BRC stock traded up $0.07 during trading hours on Friday, reaching $46.81. The company had a trading volume of 386,468 shares, compared to its average volume of 573,272. Brady Corp has a 12 month low of $35.95 and a 12 month high of $47.36. The company has a quick ratio of 2.09, a current ratio of 2.72 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.46 billion, a PE ratio of 22.95, a P/E/G ratio of 2.72 and a beta of 0.93.
Brady (NYSE:BRC) last posted its earnings results on Thursday, November 15th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.06. Brady had a return on equity of 15.01% and a net margin of 8.15%. The company had revenue of $293.20 million for the quarter, compared to analyst estimates of $295.67 million. During the same quarter last year, the company earned $0.49 earnings per share. On average, equities research analysts anticipate that Brady Corp will post 2.3 earnings per share for the current fiscal year.
Several research analysts have issued reports on BRC shares. SunTrust Banks reiterated a “hold” rating and issued a $43.00 price target on shares of Brady in a report on Monday, November 19th. Northcoast Research reiterated a “buy” rating on shares of Brady in a report on Wednesday. Finally, Zacks Investment Research lowered Brady from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.00.
Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of Brady by 44.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,595 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 793 shares during the last quarter. Advisor Group Inc. increased its position in shares of Brady by 45.1% during the fourth quarter. Advisor Group Inc. now owns 2,717 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 845 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Brady during the third quarter valued at approximately $128,000. Ibex Investors LLC purchased a new stake in shares of Brady during the third quarter valued at approximately $203,000. Finally, Raymond James & Associates purchased a new stake in shares of Brady during the second quarter valued at approximately $253,000. Institutional investors own 79.67% of the company’s stock.
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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