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 the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $59.20, for a total value of $251,600.00. Following the transaction, the director now directly owns 11,551 shares in the company, valued at $683,819.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Brady Trading Down 1.0 %

Shares of Brady stock opened at $58.27 on Thursday. Brady Co. has a 12-month low of $46.77 and a 12-month high of $63.02. The firm’s 50 day simple moving average is $59.21 and its two-hundred day simple moving average is $57.59. 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 firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 15.21, a PEG 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. Brady had a return on equity of 19.24% and a net margin of 14.08%. The firm had revenue of $322.60 million for the quarter, compared to the consensus estimate of $339.61 million. During the same period in the prior year, the firm earned $0.81 EPS. The firm’s revenue was down 1.1% on a year-over-year basis. Analysts predict that Brady Co. will post 4 EPS for the current year.

Brady Announces Dividend

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Brady

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new stake in shares of Brady in the first quarter worth $28,000. Parkside Financial Bank & Trust boosted its holdings in Brady by 293.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 575 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 429 shares during the last quarter. US Bancorp DE grew its position in Brady by 34.5% during the 2nd quarter. US Bancorp DE now owns 775 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 199 shares during the period. Belpointe Asset Management LLC raised its stake in shares of Brady by 27.1% during the 1st quarter. Belpointe Asset Management LLC now owns 1,456 shares of the industrial products company’s stock valued at $78,000 after buying an additional 310 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Brady during the 2nd quarter valued at about $71,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Company Profile

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.