Nancy Lee Gioia Sells 4,250 Shares of Brady Co. (NYSE:BRC) Stock

Brady Co. (NYSE:BRC) Director Nancy Lee Gioia sold 4,250 shares of Brady stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $59.20, for a total transaction of $251,600.00. Following the sale, the director now directly owns 11,551 shares in the company, valued at approximately $683,819.20. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Brady Trading Down 1.0 %

Shares of NYSE BRC opened at $58.27 on Thursday. Brady Co. has a 1 year low of $46.77 and a 1 year high of $63.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.13 and a quick ratio of 1.44. The firm has a 50-day moving average of $59.21 and a 200 day moving average of $57.59. The stock has a market cap of $2.82 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 2.10 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.01. The firm had revenue of $322.60 million during the quarter, compared to analyst estimates 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 period last year, the business earned $0.81 earnings per share. As a group, sell-side analysts expect that Brady Co. will post 4 EPS for the current fiscal year.

Brady Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.235 per share. The ex-dividend date is Monday, April 8th. This represents a $0.94 annualized dividend and a dividend yield of 1.61%. Brady’s payout ratio is presently 24.54%.

Hedge Funds Weigh In On Brady

Several large investors have recently modified their holdings of BRC. DekaBank Deutsche Girozentrale increased its stake in Brady by 69.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 388,453 shares of the industrial products company’s stock valued at $22,743,000 after purchasing an additional 158,780 shares in the last quarter. Boston Partners purchased a new position in Brady in the 3rd quarter worth approximately $975,000. Assenagon Asset Management S.A. lifted its position in Brady by 2,366.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 825,563 shares of the industrial products company’s stock valued at $48,452,000 after acquiring an additional 792,094 shares in the last quarter. Graham Capital Management L.P. boosted its stake in Brady by 722.3% during the 3rd quarter. Graham Capital Management L.P. now owns 54,451 shares of the industrial products company’s stock valued at $2,990,000 after purchasing an additional 47,829 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of Brady by 85.2% in 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. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BRC shares. Bank of America upgraded Brady from an “underperform” rating to a “buy” rating and upped their target price for the stock from $51.00 to $65.00 in a report on Tuesday, January 2nd. StockNews.com cut Brady from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 26th.

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.