Insider Selling: Brady (NYSE:BRC) COO Sells $133,365.00 in Stock

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

Brady Stock Performance

NYSE:BRC opened at $85.26 on Friday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 19.78 and a beta of 0.61. 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 1 year low of $70.57 and a 1 year high of $99.29. The firm has a 50 day moving average of $89.49 and a 200-day moving average of $86.90.

Brady (NYSE:BRC) last released its quarterly earnings results on Thursday, September 3rd. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $436.90 million during the quarter, compared to analysts’ expectations of $427.91 million. Brady had a return on equity of 19.21% and a net margin of 12.36%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $1.04 EPS. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. As a group, sell-side analysts anticipate that Brady Corporation will post 6.50 EPS for the current fiscal year.

Brady Increases Dividend

The business 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 9th. This is a boost from Brady’s previous quarterly dividend of $0.2450. Brady’s dividend payout ratio is 22.74%.

Institutional Investors Weigh In On Brady

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRC. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Brady during the 2nd quarter worth about $3,259,000. Inspire Investing LLC raised its position in shares of Brady by 15.1% in the 1st quarter. Inspire Investing LLC now owns 54,222 shares of the industrial products company’s stock valued at $4,405,000 after acquiring an additional 7,123 shares during the period. Bank of America Corp DE boosted its stake in Brady by 112.4% during the 1st quarter. Bank of America Corp DE now owns 48,672 shares of the industrial products company’s stock worth $3,954,000 after acquiring an additional 25,760 shares during the last quarter. SEB Asset Management AB acquired a new position in Brady during the first quarter valued at approximately $1,701,000. Finally, WINTON GROUP Ltd acquired a new position in Brady during the second quarter valued at approximately $641,000. Institutional investors own 76.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Weiss Ratings raised Brady from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Brady has an average rating of “Buy” and an average price target of $103.00.

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.