Brady Corp (NYSE:BRC) VP Bentley Curran sold 20,000 shares of Brady stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $39.00, for a total transaction of $780,000.00. Following the sale, the vice president now directly owns 52,597 shares in the company, valued at $2,051,283. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Bentley Curran also recently made the following trade(s):
- On Monday, January 22nd, Bentley Curran sold 21,784 shares of Brady stock. The shares were sold at an average price of $39.01, for a total transaction of $849,793.84.
Shares of Brady Corp (BRC) opened at $39.10 on Friday. Brady Corp has a 1-year low of $31.70 and a 1-year high of $40.50. The company has a current ratio of 2.19, a quick ratio of 1.62 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2,000.45, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 2.68 and a beta of 1.19.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, January 9th. Brady’s payout ratio is 43.92%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC grew its holdings in Brady by 62.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 1,195 shares during the last quarter. SG Americas Securities LLC bought a new stake in Brady during the 2nd quarter worth approximately $118,000. Hartford Investment Management Co. bought a new stake in Brady during the 3rd quarter worth approximately $204,000. Amalgamated Bank grew its holdings in Brady by 5.0% during the 2nd quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 305 shares during the last quarter. Finally, Bowling Portfolio Management LLC bought a new stake in Brady during the 4th quarter worth approximately $276,000. 76.85% of the stock is currently owned by hedge funds and other institutional investors.
BRC has been the topic of several research reports. Zacks Investment Research lowered shares of Brady from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Bank of America lifted their price target on shares of Brady from $34.00 to $35.00 and gave the company an “underperform” rating in a report on Friday, November 17th. Robert W. Baird reaffirmed a “hold” rating and set a $36.00 price target on shares of Brady in a report on Friday, October 13th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $39.00 price target on shares of Brady in a report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Brady has a consensus rating of “Hold” and an average target price of $41.00.
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Brady Company Profile
Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.
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