Brady Corporation (NYSE:BRC - Get Free Report) CEO Vineet Nargolwala acquired 13,011 shares of the business's stock in a transaction on Wednesday, June 10th. The shares were purchased at an average price 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Brady Stock Up 3.6%
Shares of Brady stock opened at $80.70 on Friday. The company has a market cap of $3.80 billion, a P/E ratio of 18.38 and a beta of 0.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01. Brady Corporation has a one year low of $65.76 and a one year high of $99.29. The firm has a fifty day moving average of $82.37 and a two-hundred day moving average of $83.89.
Brady (NYSE:BRC - Get Free Report) last announced its quarterly earnings data on Monday, May 18th. The industrial products company reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.15. The company had revenue of $435.24 million during the quarter, compared to the consensus estimate of $406.07 million. Brady had a net margin of 12.93% and a return on equity of 19.01%. Brady's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 EPS. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. On average, analysts forecast that Brady Corporation will post 5.25 earnings per share for the current year.
Brady Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, July 10th. Brady's dividend payout ratio (DPR) is currently 22.32%.
Institutional Investors Weigh In On Brady
Several hedge funds have recently modified their holdings of BRC. Franklin Resources Inc. boosted its stake in shares of Brady by 267.8% during the 4th quarter. Franklin Resources Inc. now owns 1,188,189 shares of the industrial products company's stock worth $93,118,000 after purchasing an additional 865,131 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Brady by 502,257.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 452,122 shares of the industrial products company's stock worth $35,433,000 after purchasing an additional 452,032 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Brady by 22.2% during the 4th quarter. First Trust Advisors LP now owns 1,620,931 shares of the industrial products company's stock worth $127,032,000 after purchasing an additional 294,818 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Brady by 1,256.9% during the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company's stock worth $13,081,000 after purchasing an additional 171,535 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Brady by 37.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 322,873 shares of the industrial products company's stock worth $21,946,000 after purchasing an additional 87,606 shares during the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on BRC shares. Wall Street Zen raised shares of Brady from a "hold" rating to a "buy" rating in a research note on Saturday, May 23rd. Weiss Ratings cut shares of Brady from a "buy (b+)" rating to a "buy (b)" rating in a research note on Wednesday, May 13th. Finally, Sidoti raised shares of Brady from a "neutral" rating to a "buy" rating and set a $103.00 price objective on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $103.00.
View Our Latest Stock Analysis on BRC
Brady Company Profile
(
Get Free Report)
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.
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