Brady (NYSE:BRC) COO Sells $482,076.00 in Stock

Brady Corporation (NYSE:BRCGet Free Report) COO Thomas Debruine sold 5,739 shares of the 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 transaction, the chief operating officer directly owned 7,523 shares of the company’s stock, valued at $631,932. This trade represents a 43.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brady Price Performance

NYSE:BRC opened at $83.88 on Thursday. The company has a market capitalization of $3.93 billion, a P/E ratio of 19.46 and a beta of 0.61. The business’s 50-day moving average is $91.89 and its 200 day moving average is $87.01. The company has a current ratio of 1.94, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01. Brady Corporation has a 12 month low of $70.57 and a 12 month high of $99.29.

Brady (NYSE:BRCGet Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. Brady had a return on equity of 19.21% and a net margin of 12.36%.The business had revenue of $436.90 million for the quarter, compared to analysts’ expectations of $427.91 million. During the same period in the prior year, the firm earned $1.04 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. On average, equities research analysts forecast that Brady Corporation will post 6.5 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. This is an increase from Brady’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, October 9th. Brady’s dividend payout ratio (DPR) is 22.74%.

Analyst Ratings Changes

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

Get Our Latest Report on Brady

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Nykredit A S bought a new stake in shares of Brady in the 2nd quarter worth about $34,000. Leonteq Securities AG bought a new position in Brady during the 1st quarter valued at about $40,000. Integrated Wealth Concepts LLC purchased a new stake in Brady in the 2nd quarter worth about $47,000. Parkside Financial Bank & Trust raised its position in Brady by 3,072.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 571 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 553 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Brady by 50.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 998 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 334 shares during the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

About Brady

(Get Free Report)

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.

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

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