Brady Co. (NYSE:BRC) General Counsel Sells $647,337.60 in Stock

Brady Co. (NYSE:BRC) General Counsel Andrew Gorman sold 8,736 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $74.10, for a total value of $647,337.60. Following the completion of the transaction, the general counsel now directly owns 10,140 shares of the company’s stock, valued at approximately $751,374. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Brady Stock Up 0.2 %

Shares of NYSE BRC opened at $74.78 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.55 billion, a PE ratio of 19.08, a P/E/G ratio of 3.36 and a beta of 0.76. The company’s fifty day simple moving average is $71.75 and its 200 day simple moving average is $65.48. Brady Co. has a 12-month low of $51.35 and a 12-month high of $76.82.

Brady (NYSE:BRC) last issued its earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. Brady had a return on equity of 19.84% and a net margin of 14.70%. The company had revenue of $343.40 million for the quarter, compared to analyst estimates of $351.74 million. During the same period in the prior year, the firm earned $1.04 earnings per share. Brady’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a $0.24 dividend. This is a positive change from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, October 10th. Brady’s dividend payout ratio is presently 24.49%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Brady from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 15th.

Institutional Trading of Brady

Several institutional investors have recently made changes to their positions in BRC. SYSTM Wealth Solutions LLC bought a new position in shares of Brady during the 1st quarter worth approximately $35,000. Blue Trust Inc. lifted its holdings in Brady by 65.3% during the second quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 262 shares during the period. GAMMA Investing LLC boosted its position in Brady by 337.1% in the second quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 708 shares during the last quarter. Quarry LP grew its stake in Brady by 36.1% in the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 255 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in shares of Brady during the 1st quarter valued at $66,000. Institutional investors own 76.28% of the company’s stock.

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.