Bentley Curran Sells 20,000 Shares of Brady Corp (BRC) Stock

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.

Brady (NYSE:BRC) last posted its earnings results on Thursday, November 16th. The industrial products company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Brady had a net margin of 8.81% and a return on equity of 13.90%. The firm had revenue of $290.15 million for the quarter, compared to analyst estimates of $286.75 million. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. equities analysts predict that Brady Corp will post 1.93 earnings per share for the current fiscal year.

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.

Insider Buying and Selling by Quarter for Brady (NYSE:BRC)

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