Brady (NYSE:BRC) COO Thomas Debruine Sells 1,569 Shares of Stock

Brady Corporation (NYSE:BRC) COO Thomas Debruine sold 1,569 shares of Brady stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $85.00, for a total value of $133,365.00. Following the completion of the transaction, the chief operating officer owned 8,381 shares of the company’s stock, valued at $712,385. This trade represents a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Brady Stock Performance

Shares of NYSE BRC traded down $0.46 during midday trading on Wednesday, reaching $84.65. 53,337 shares of the company traded hands, compared to its average volume of 264,644. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.30. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 19.62 and a beta of 0.61. The stock has a 50-day moving average price of $90.04 and a 200 day moving average price of $86.87. Brady Corporation has a 52 week low of $70.57 and a 52 week high of $99.29.

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

Brady Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. This is a positive change from Brady’s previous quarterly dividend of $0.2450. Brady’s payout ratio is currently 22.74%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BRC. Franklin Resources Inc. lifted its stake in Brady by 267.8% during the 4th quarter. Franklin Resources Inc. now owns 1,188,189 shares of the industrial products company’s stock worth $93,118,000 after acquiring an additional 865,131 shares in the last quarter. Sei Investments Co. raised its stake in shares of Brady by 754.2% during the 1st quarter. Sei Investments Co. now owns 61,870 shares of the industrial products company’s stock worth $5,026,000 after buying an additional 54,627 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Brady in the 1st quarter valued at approximately $4,135,000. First Trust Advisors LP grew its position in shares of Brady by 2.9% in the first quarter. First Trust Advisors LP now owns 1,668,027 shares of the industrial products company’s stock valued at $135,511,000 after purchasing an additional 47,096 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Brady in the second quarter valued at approximately $3,259,000. Institutional investors own 76.28% of the company’s stock.

Analyst Upgrades and Downgrades

BRC has been the subject of a number of research analyst reports. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a research note on Sunday. Sidoti raised Brady from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Tuesday, June 9th. Finally, Weiss Ratings lowered Brady from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, September 14th. Two equities 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 an average target price of $103.00.

About Brady

Brady Corporation (NYSE:BRC) is a global manufacturer of identification, workplace safety and compliance solutions. The company develops products that help organizations identify equipment, components, facilities and hazards while supporting safety, productivity and regulatory compliance across industrial, commercial and public-sector environments.

Its product portfolio includes industrial and safety labels, signs, tags, pipe markers, lockout/tagout products, wire and cable identification materials, barcode and RFID systems, identification printers, software and related supplies.