Brady (NYSE:BRC) Insider Brett Wilms Sells 10,894 Shares of Stock

Brady Corporation (NYSE:BRC) insider Brett Wilms sold 10,894 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $74.44, for a total transaction of $810,949.36. Following the sale, the insider directly owned 7,672 shares in the company, valued at approximately $571,103.68. This represents a 58.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Brady Stock Performance

Shares of NYSE BRC traded up $0.76 during midday trading on Friday, reaching $77.85. The company had a trading volume of 231,171 shares, compared to its average volume of 215,497. Brady Corporation has a 1 year low of $62.70 and a 1 year high of $84.03. The business’s 50-day simple moving average is $76.64 and its 200 day simple moving average is $73.40. The company has a current ratio of 1.88, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.67 billion, a P/E ratio of 19.81 and a beta of 0.76.

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

Brady Increases Dividend

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

Institutional Trading of Brady

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Danske Bank A S acquired a new position in shares of Brady in the third quarter worth about $70,000. Advisory Services Network LLC purchased a new position in shares of Brady in the 3rd quarter valued at about $31,000. CANADA LIFE ASSURANCE Co raised its holdings in Brady by 1.7% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 40,245 shares of the industrial products company’s stock worth $3,087,000 after purchasing an additional 688 shares during the period. Verition Fund Management LLC boosted its position in Brady by 42.9% during the third quarter. Verition Fund Management LLC now owns 8,834 shares of the industrial products company’s stock worth $689,000 after purchasing an additional 2,651 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in Brady by 15.1% during the third quarter. Qube Research & Technologies Ltd now owns 371,541 shares of the industrial products company’s stock worth $28,991,000 after purchasing an additional 48,668 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Brady in a research report on Wednesday, October 8th. Wall Street Zen cut shares of 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 given a Buy rating to the stock. According to data from MarketBeat, Brady currently has an average rating of “Strong Buy”.

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.