Insider Selling: Brady Corp (BRC) Insider Sells 59,019 Shares of Stock

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Brady Corp (NYSE:BRC) insider Helena Regina Nelligan sold 59,019 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $44.06, for a total value of $2,600,377.14. Following the completion of the transaction, the insider now owns 26,377 shares in the company, valued at approximately $1,162,170.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

NYSE BRC opened at $39.96 on Friday. Brady Corp has a 52 week low of $35.00 and a 52 week high of $47.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.88 and a current ratio of 2.47. The firm has a market cap of $2.28 billion, a PE ratio of 19.59, a P/E/G ratio of 2.65 and a beta of 1.16.

Brady (NYSE:BRC) last posted its quarterly earnings results on Thursday, September 13th. The industrial products company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.52 by $0.14. The business had revenue of $297.50 million for the quarter, compared to analyst estimates of $297.04 million. Brady had a return on equity of 14.67% and a net margin of 7.76%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. Sell-side analysts expect that Brady Corp will post 2.2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 8.51%. This is an increase from Brady’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, October 9th. Brady’s dividend payout ratio (DPR) is presently 41.67%.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered Brady from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. ValuEngine upgraded Brady from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. Sidoti lowered Brady from a “buy” rating to a “neutral” rating in a report on Tuesday, September 18th. Finally, Bank of America set a $42.00 price target on Brady and gave the stock a “sell” rating in a report on Monday, September 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $44.33.

Several large investors have recently modified their holdings of BRC. BlackRock Inc. increased its position in shares of Brady by 5.2% during the 1st quarter. BlackRock Inc. now owns 6,397,705 shares of the industrial products company’s stock worth $237,676,000 after purchasing an additional 315,983 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Brady by 12.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,413,776 shares of the industrial products company’s stock worth $54,501,000 after purchasing an additional 161,439 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Brady by 6.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,948,600 shares of the industrial products company’s stock worth $75,119,000 after purchasing an additional 125,600 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Brady by 3.1% during the 1st quarter. JPMorgan Chase & Co. now owns 4,149,195 shares of the industrial products company’s stock worth $154,142,000 after purchasing an additional 124,401 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Brady during the 1st quarter worth about $3,077,000. 75.59% 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 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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Insider Buying and Selling by Quarter for Brady (NYSE:BRC)

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