Brady (NYSE:BRC) CEO Vineet Nargolwala Acquires 13,011 Shares

Brady Corporation (NYSE:BRC) CEO Vineet Nargolwala bought 13,011 shares of Brady stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average price of $76.86 per share, for a total transaction of $1,000,025.46. Following the completion of the transaction, the chief executive officer directly owned 52,709 shares of the company’s stock, valued at $4,051,213.74. This trade represents a 32.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brady Trading Up 1.3%

NYSE:BRC traded up $0.99 during mid-day trading on Thursday, reaching $78.86. The company’s stock had a trading volume of 183,034 shares, compared to its average volume of 281,052. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.01 and a quick ratio of 1.36. The stock has a market cap of $3.72 billion, a P/E ratio of 17.96 and a beta of 0.62. The company’s fifty day simple moving average is $82.37 and its two-hundred day simple moving average is $83.87. Brady Corporation has a twelve month low of $65.76 and a twelve month high of $99.29.

Brady (NYSE:BRC) last announced its quarterly earnings data on Monday, May 18th. The industrial products company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.15. Brady had a net margin of 12.93% and a return on equity of 19.01%. The business had revenue of $435.24 million for the quarter, compared to analyst estimates of $406.07 million. During the same period in the prior year, the firm posted $1.22 EPS. The company’s revenue was up 13.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. On average, equities analysts predict that Brady Corporation will post 5.25 EPS for the current year.

Brady Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.98 annualized dividend and a dividend yield of 1.2%. Brady’s payout ratio is currently 22.32%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BRC. Weiss Ratings cut Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, Sidoti upgraded Brady from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Brady presently has a consensus rating of “Buy” and an average price target of $103.00.

Institutional Investors Weigh In On Brady

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its stake in Brady by 42.4% during the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 134 shares during the period. Richardson Financial Services Inc. boosted its position in shares of Brady by 72.1% in the fourth quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock worth $30,000 after buying an additional 163 shares during the period. Parallel Advisors LLC grew its holdings in shares of Brady by 10.2% during the first quarter. Parallel Advisors LLC now owns 2,102 shares of the industrial products company’s stock valued at $171,000 after buying an additional 195 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Brady by 1.0% during the first quarter. Illinois Municipal Retirement Fund now owns 23,400 shares of the industrial products company’s stock valued at $1,901,000 after buying an additional 223 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in Brady by 0.9% in the 4th quarter. State of Alaska Department of Revenue now owns 24,772 shares of the industrial products company’s stock worth $1,941,000 after acquiring an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Company Profile

Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.