Key Points
- Brady COO Thomas Debruine sold 1,569 shares at an average price of $85, totaling $133,365 and reducing his stake by 15.77%.
- Brady exceeded quarterly expectations with $1.48 EPS versus $1.47 forecast and revenue of $436.9 million, up 10% year over year; analysts maintain an average “Buy” rating with a $103 price target.
- The company raised its quarterly dividend from $0.245 to $0.25 per share, equivalent to a $1.00 annualized payout and a 1.2% yield.
Brady Corporation (NYSE:BRC - Get Free Report) COO Thomas Debruine sold 1,569 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $85.00, for a total value of $133,365.00. Following the completion of the transaction, the chief operating officer owned 8,381 shares of the company's stock, valued at $712,385. The trade was a 15.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Brady Price Performance
Shares of NYSE BRC opened at $84.83 on Thursday. The firm has a market capitalization of $3.98 billion, a P/E ratio of 19.68 and a beta of 0.61. Brady Corporation has a one year low of $70.57 and a one year high of $99.29. The company's fifty day moving average is $89.85 and its two-hundred day moving average is $86.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.30 and a current ratio of 1.94.
Brady (NYSE:BRC - Get Free Report) last posted its quarterly 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. The business had revenue of $436.90 million for the quarter, compared to analysts' expectations of $427.91 million. Brady had a net margin of 12.36% and a return on equity of 19.21%. The business's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 EPS. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. Analysts forecast that Brady Corporation will post 6.5 EPS for the current fiscal year.
Brady Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 9th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, October 9th. This is an increase from Brady's previous quarterly dividend of $0.2450. This represents a $1.00 annualized dividend and a yield of 1.2%. Brady's dividend payout ratio (DPR) is currently 22.74%.
Institutional Investors Weigh In On Brady
A number of large investors have recently added to or reduced their stakes in BRC. Nykredit A S purchased a new position in Brady during the 2nd quarter valued at about $34,000. Leonteq Securities AG purchased a new stake in shares of Brady in the first quarter valued at about $40,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Brady in the second quarter valued at about $47,000. Parkside Financial Bank & Trust grew its position in shares of Brady by 3,072.2% in the second quarter. Parkside Financial Bank & Trust now owns 571 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 553 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Brady by 25.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,249 shares of the industrial products company's stock valued at $101,000 after purchasing an additional 251 shares during the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on BRC. Weiss Ratings downgraded shares of Brady from a "buy (b+)" rating to a "buy (b)" rating in a research report on Monday, September 14th. Wall Street Zen raised Brady from a "hold" rating to a "buy" rating in a research note on Sunday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $103.00.
View Our Latest Report on BRC
Brady Company Profile
(
Get Free Report)
Brady Corporation (NYSE:BRC) is a global manufacturer of identification, workplace safety and compliance solutions. The company develops products that help organizations identify equipment, components, facilities and hazards while supporting safety, productivity and regulatory compliance across industrial, commercial and public-sector environments.
Its product portfolio includes industrial and safety labels, signs, tags, pipe markers, lockout/tagout products, wire and cable identification materials, barcode and RFID systems, identification printers, software and related supplies.
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