Brady (NYSE:BRC) COO Thomas Debruine Sells 5,739 Shares

Brady Corporation (NYSE:BRC) COO Thomas Debruine sold 5,739 shares of Brady stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $84.00, for a total transaction of $482,076.00. Following the sale, the chief operating officer owned 7,523 shares of the company’s stock, valued at $631,932. The trade was a 43.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brady Trading Down 0.2%

BRC traded down $0.18 during trading on Monday, hitting $83.92. 25,822 shares of the stock were exchanged, compared to its average volume of 263,210. Brady Corporation has a 1 year low of $70.57 and a 1 year high of $99.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.30 and a current ratio of 1.94. The firm has a 50 day simple moving average of $92.33 and a 200 day simple moving average of $87.15. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 19.47 and a beta of 0.61.

Brady (NYSE:BRC) last released its quarterly earnings data on Thursday, September 3rd. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. The firm had revenue of $436.90 million during the quarter, compared to the consensus estimate of $427.91 million. Brady had a return on equity of 19.21% and a net margin of 12.36%.The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. As a group, equities analysts expect that Brady Corporation will post 6.5 EPS for the current year.

Brady Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.2%. This is a positive change from Brady’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, October 9th. Brady’s payout ratio is 23.20%.

Institutional Investors Weigh In On Brady

A number of large investors have recently modified their holdings of BRC. Inspire Investing LLC increased its stake in shares of Brady by 15.1% in the 1st quarter. Inspire Investing LLC now owns 54,222 shares of the industrial products company’s stock worth $4,405,000 after acquiring an additional 7,123 shares during the last quarter. Royce & Associates LP increased its position in shares of Brady by 9.8% during the fourth quarter. Royce & Associates LP now owns 740,635 shares of the industrial products company’s stock valued at $58,044,000 after acquiring an additional 66,387 shares during the last quarter. SEB Asset Management AB purchased a new position in shares of Brady during the 1st quarter worth approximately $1,701,000. Bank of America Corp DE raised its position in Brady by 112.4% in the first quarter. Bank of America Corp DE now owns 48,672 shares of the industrial products company’s stock valued at $3,954,000 after purchasing an additional 25,760 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Brady during the second quarter worth $3,259,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BRC. Sidoti raised shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Tuesday, June 9th. Weiss Ratings lowered Brady from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, September 14th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $103.00.

Brady Company Profile

Brady Corporation (NYSE: BRC) develops and manufactures identification, workplace safety and facility-marking products for industrial, commercial, healthcare and government customers. Its offerings include safety signs and labels, pipe and valve markers, asset and equipment identification, wire and cable markers, barcode and RFID products, and specialized identification materials designed for demanding environments.

The company also provides printers, software and related systems used to create and manage labels, signs and other identification products.