Brady Co. (NYSE:BRC) COO Sells $216,020.27 in Stock

Brady Co. (NYSE:BRC) COO Thomas F. Debruine sold 2,851 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.77, for a total value of $216,020.27. Following the completion of the transaction, the chief operating officer now directly owns 9,727 shares of the company’s stock, valued at approximately $737,014.79. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Brady Stock Down 1.1 %

Shares of BRC opened at $75.23 on Monday. The stock has a 50 day moving average price of $72.42 and a 200 day moving average price of $66.18. Brady Co. has a one year low of $51.35 and a one year high of $76.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 2.27. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 3.49 and a beta of 0.76.

Brady (NYSE:BRC) last posted its earnings results on Friday, September 6th. The industrial products company reported $1.19 EPS for the quarter, beating 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 the consensus estimate of $351.74 million. During the same quarter in the previous year, the business earned $1.04 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Brady from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th.

Institutional Trading of Brady

Several institutional investors have recently added to or reduced their stakes in BRC. Vanguard Group Inc. boosted its position in shares of Brady by 0.6% during the first quarter. Vanguard Group Inc. now owns 5,307,191 shares of the industrial products company’s stock worth $314,610,000 after buying an additional 32,437 shares during the period. Dimensional Fund Advisors LP grew its position in Brady by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,510,180 shares of the industrial products company’s stock valued at $99,701,000 after acquiring an additional 24,786 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in Brady by 21.1% during the first quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock worth $36,190,000 after purchasing an additional 106,219 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Brady by 23.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock worth $36,631,000 after purchasing an additional 106,652 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Brady by 5.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 396,619 shares of the industrial products company’s stock valued at $26,185,000 after purchasing an additional 19,830 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

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.