Brady (NYSE:BRC) Director Elizabeth Bruno Sells 22,462 Shares

Brady Corporation (NYSE:BRC) Director Elizabeth Bruno sold 22,462 shares of Brady stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $74.69, for a total transaction of $1,677,686.78. Following the sale, the director directly owned 575,000 shares of the company’s stock, valued at $42,946,750. This represents a 3.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Brady Trading Up 1.4%

NYSE:BRC traded up $1.05 during mid-day trading on Friday, hitting $78.14. The company had a trading volume of 47,374 shares, compared to its average volume of 214,610. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.88. Brady Corporation has a fifty-two week low of $62.70 and a fifty-two week high of $84.03. The firm has a market cap of $3.68 billion, a P/E ratio of 19.88 and a beta of 0.76. The business’s fifty day moving average is $76.67 and its two-hundred day moving average is $73.36.

Brady (NYSE:BRC) last announced its quarterly earnings results on Monday, November 17th. The industrial products company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.03. The company had revenue of $405.29 million during the quarter, compared to analysts’ expectations of $393.65 million. Brady had a return on equity of 19.29% and a net margin of 12.50%.Brady’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 EPS. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. As a group, research analysts expect that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were given a $0.245 dividend. The ex-dividend date was Friday, October 10th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio is currently 23.96%.

Analysts Set New Price Targets

Several brokerages have commented on BRC. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a report on Wednesday, October 8th. Wall Street Zen cut Brady from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, Brady presently has an average rating of “Strong Buy”.

Institutional Investors Weigh In On Brady

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP bought a new stake in Brady during the first quarter worth about $25,000. Advisory Services Network LLC bought a new position in Brady in the 3rd quarter valued at approximately $31,000. Quent Capital LLC acquired a new position in shares of Brady during the third quarter worth $43,000. EverSource Wealth Advisors LLC grew its position in shares of Brady by 89.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock valued at $46,000 after buying an additional 322 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in Brady during the 3rd quarter valued at approximately $70,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Company Profile

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.