Insider Buying: Brady (NYSE:BRC) CEO Acquires $1,000,025.46 in Stock

Brady Corporation (NYSE:BRC) CEO Vineet Nargolwala bought 13,011 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was acquired at an average cost of $76.86 per share, with a total value of $1,000,025.46. Following the transaction, the chief executive officer owned 52,709 shares in the company, valued at $4,051,213.74. The trade was a 32.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Brady Price Performance

NYSE BRC opened at $82.58 on Friday. Brady Corporation has a 52 week low of $65.76 and a 52 week high of $99.29. The firm has a market capitalization of $3.89 billion, a P/E ratio of 18.81 and a beta of 0.62. The company has a quick ratio of 1.36, a current ratio of 2.01 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $82.36 and a 200-day moving average price of $83.89.

Brady (NYSE:BRC) last released its quarterly earnings results on Monday, May 18th. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.35 by $0.15. Brady had a net margin of 12.93% and a return on equity of 19.01%. The firm had revenue of $435.24 million during the quarter, compared to analyst estimates of $406.07 million. During the same quarter in the prior year, the firm earned $1.22 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Equities research analysts anticipate that Brady Corporation will post 5.25 earnings per share for the current year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.98 annualized dividend and a dividend yield of 1.2%. Brady’s dividend payout ratio is presently 22.32%.

Institutional Investors Weigh In On Brady

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Brady by 13.4% in the 3rd quarter. First Trust Advisors LP now owns 1,326,113 shares of the industrial products company’s stock worth $103,477,000 after purchasing an additional 156,868 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Brady by 24.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 150,344 shares of the industrial products company’s stock worth $11,782,000 after purchasing an additional 29,220 shares during the period. Clark Capital Management Group Inc. boosted its stake in Brady by 13.2% in the 3rd quarter. Clark Capital Management Group Inc. now owns 108,785 shares of the industrial products company’s stock worth $8,488,000 after purchasing an additional 12,671 shares during the period. Teacher Retirement System of Texas boosted its stake in Brady by 20.1% in the 4th quarter. Teacher Retirement System of Texas now owns 91,292 shares of the industrial products company’s stock worth $7,155,000 after purchasing an additional 15,283 shares during the period. Finally, Legato Capital Management LLC boosted its stake in Brady by 86.0% in the 3rd quarter. Legato Capital Management LLC now owns 20,086 shares of the industrial products company’s stock worth $1,567,000 after purchasing an additional 9,287 shares during the period. 76.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRC has been the subject of several research reports. Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Sidoti raised shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday, June 9th. Finally, Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Brady presently has a consensus rating of “Buy” and an average target price of $103.00.

About Brady

Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.