Key Points
- Brady COO Thomas Debruine sold 5,739 shares at an average price of $84, generating $482,076; his remaining direct holdings fell 43.27% to 7,523 shares.
- Brady reported quarterly earnings of $1.48 per share and revenue of $436.9 million, exceeding analyst estimates, while revenue increased 10% year over year.
- The company raised its quarterly dividend to $0.25 per share, or $1.00 annually, and analysts maintained an average “Buy” rating with a $103 price target.
Brady Corporation (NYSE:BRC - Get Free Report) COO Thomas Debruine sold 5,739 shares of the company's stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $84.00, for a total value of $482,076.00. Following the transaction, the chief operating officer directly owned 7,523 shares in the company, valued at approximately $631,932. This represents a 43.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Brady Trading Down 0.2%
Shares of NYSE BRC opened at $83.89 on Tuesday. Brady Corporation has a fifty-two week low of $70.57 and a fifty-two week high of $99.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.30 and a current ratio of 1.94. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 19.46 and a beta of 0.61. The business's 50 day moving average price is $92.19 and its 200-day moving average price is $87.11.
Brady (NYSE:BRC - Get Free Report) last released its earnings results on Thursday, September 3rd. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.01. Brady had a return on equity of 19.21% and a net margin of 12.36%.The business had revenue of $436.90 million for the quarter, compared to analyst estimates of $427.91 million. During the same quarter last year, the firm posted $1.04 earnings per share. The business's revenue was up 10.0% compared to the same quarter last year. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. On average, sell-side analysts expect that Brady Corporation will post 6.5 earnings per share for the current year.
Brady Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 9th. This is a positive change from Brady's previous quarterly dividend of $0.24. Brady's dividend payout ratio (DPR) is currently 22.74%.
Hedge Funds Weigh In On Brady
A number of large investors have recently made changes to their positions in BRC. Franklin Resources Inc. lifted its holdings 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 valued at $93,118,000 after purchasing an additional 865,131 shares during the last quarter. Royce & Associates LP grew its stake in Brady by 9.8% during the 4th quarter. Royce & Associates LP now owns 740,635 shares of the industrial products company's stock worth $58,044,000 after buying an additional 66,387 shares during the last quarter. Sei Investments Co. grew its stake in Brady by 754.2% during the 1st quarter. Sei Investments Co. now owns 61,870 shares of the industrial products company's stock worth $5,026,000 after buying an additional 54,627 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Brady during the 1st quarter valued at about $4,135,000. Finally, First Trust Advisors LP increased its position in Brady by 2.9% during the 1st quarter. First Trust Advisors LP now owns 1,668,027 shares of the industrial products company's stock valued at $135,511,000 after buying an additional 47,096 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
BRC has been the subject of a number of analyst reports. Sidoti upgraded Brady from a "neutral" rating to a "buy" rating and set a $103.00 price objective for the company in a research note on Tuesday, June 9th. Weiss Ratings lowered shares of Brady from a "buy (b+)" rating to a "buy (b)" rating in a research report on Monday, September 14th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $103.00.
Check Out Our Latest Report on Brady
About Brady
(
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Brady Corporation (NYSE: BRC) develops and manufactures identification, workplace safety and facility-marking products for industrial, commercial, healthcare and government customers. Its offerings include safety signs and labels, pipe and valve markers, asset and equipment identification, wire and cable markers, barcode and RFID products, and specialized identification materials designed for demanding environments.
The company also provides printers, software and related systems used to create and manage labels, signs and other identification products.
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