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

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

Brady Trading Down 0.6%

NYSE BRC opened at $84.35 on Friday. The company’s fifty day simple moving average is $89.67 and its 200-day simple moving average is $86.91. Brady Corporation has a 52 week low of $70.57 and a 52 week high of $99.29. The company has a current ratio of 1.94, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.96 billion, a P/E ratio of 19.57 and a beta of 0.61.

Brady (NYSE:BRC) last announced its earnings results 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. 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 period in the prior year, the firm earned $1.04 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. Equities research analysts predict that Brady Corporation will post 6.5 EPS for the current fiscal year.

Brady Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 9th will be given a dividend of $0.25 per share. 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. Brady’s dividend payout ratio is presently 22.74%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. 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.com, Brady currently has an average rating of “Buy” and an average price target of $103.00.

Hedge Funds Weigh In On Brady

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in Brady by 10.2% during the 1st quarter. Parallel Advisors LLC now owns 2,102 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 195 shares during the period. Illinois Municipal Retirement Fund increased its stake in shares of Brady by 1.0% in 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 purchasing an additional 223 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Brady by 25.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,249 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 251 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Brady by 12.5% during the first quarter. Quantinno Capital Management LP now owns 2,950 shares of the industrial products company’s stock valued at $240,000 after buying an additional 327 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Brady by 11.9% during the first quarter. Sequoia Financial Advisors LLC now owns 3,333 shares of the industrial products company’s stock valued at $271,000 after buying an additional 354 shares during the last quarter. 76.28% of the stock is owned by institutional investors.

Brady Company Profile

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.