Thomas F. Debruine Sells 2,851 Shares of Brady Co. (NYSE:BRC) Stock

Brady Co. (NYSE:BRC) COO Thomas F. Debruine sold 2,851 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.77, for a total value of $216,020.27. Following the sale, the chief operating officer now owns 9,727 shares in the company, valued at $737,014.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Brady Stock Performance

NYSE:BRC opened at $75.23 on Friday. Brady Co. has a 12-month low of $51.35 and a 12-month high of $76.97. The firm has a market capitalization of $3.57 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 3.49 and a beta of 0.76. The firm has a 50-day moving average price of $72.42 and a 200 day moving average price of $66.12. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09.

Brady (NYSE:BRC) last posted its earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $343.40 million for the quarter, compared to analyst estimates of $351.74 million. Brady had a net margin of 14.70% and a return on equity of 19.84%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 EPS. Research analysts anticipate that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. This is a positive change from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio is currently 24.49%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Brady from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

Hedge Funds Weigh In On Brady

Large investors have recently modified their holdings of the stock. Swedbank AB acquired a new stake in shares of Brady in the 1st quarter valued at $13,439,000. DekaBank Deutsche Girozentrale raised its holdings in Brady by 23.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock worth $36,631,000 after purchasing an additional 106,652 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in Brady by 21.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock valued at $36,190,000 after purchasing an additional 106,219 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Brady by 231.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 132,019 shares of the industrial products company’s stock valued at $8,716,000 after purchasing an additional 92,228 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Brady by 1,135.8% during the 2nd quarter. SG Americas Securities LLC now owns 65,211 shares of the industrial products company’s stock worth $4,305,000 after buying an additional 59,934 shares during the period. 76.28% of the stock is currently owned by institutional investors and hedge funds.

About Brady

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.