Brady Corp (BRC) Files Form 4 Insider Selling : Thomas J Felmer Sells 13,431 Shares

Brady Corp (BRC): Thomas J Felmer , SRVP & Pres., Workplace Safety of Brady Corp sold 13,431 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $35.23 per share for a total value of $472,888.56 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 22, 2016, Thomas J Felmer (SRVP & Pres., Workplace Safety) sold 3,395 shares at $35.01 per share price.On Jun 10, 2016, Paul Meyer (VP, Tax & Treasury) sold 9,851 shares at $32.42 per share price.Also, On May 31, 2016, Frank W Harris (director) sold 3,000 shares at $31.86 per share price.On May 26, 2016, Bentley Curran (CIO & VP – Digital Business) sold 7,000 shares at $31.30 per share price.

Brady Corp: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Brady Corp which led to swings in the share price. The shares opened for trading at $35.1 and hit $35.4 on the upside , eventually ending the session at $35.36, with a gain of 1.03% or 0.36 points. The heightened volatility saw the trading volume jump to 2,25,988 shares. The 52-week high of the share price is $36.12 and the company has a market cap of $1,786 M . The 52-week low of the share price is at $19.415.

Brady Corp Money Flow Index Chart

On Sep 8, 2016, Brady Corp announced a cash dividend of $0.2050. The company’s management has announced Oct 7, 2016 as the ex-dividend date and fixed the record date on Oct 11, 2016. The payable date has been fixed on Oct 31, 2016.

Company has been under the radar of several Street Analysts.Brady Corp is Upgraded by SunTrust to Neutral. Earlier the firm had a rating of Reduce on the company shares. The Rating was issued on Sep 13, 2016.

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 that are manufactured under various brands including the Brady brand and are primarily sold through distribution to a range of maintenance repair and operations (MRO) and original equipment manufacturing (OEM) customers and through other channels including direct sales catalog marketing and digital. Its WPS segment includes workplace safety and compliance products which are sold under various brand names through catalog and digital to a range of MRO customers. It offers products for process industries government education construction automotive aerospace defense electrical contractors and other industries.

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