Brady Corporation $BRC Shares Sold by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB has reduced its stake in Brady Corporation by 4.7% during the second quarter, holding 85,227 shares valued at approximately $5.79 million.
• CEO Russell Shaller sold 23,743 shares of Brady stock for over $1.9 million, representing a 14.95% decrease in his ownership of the company.
• Brady recently declared an increase in its quarterly dividend to $0.245, with an annualized yield of 1.3% and a payout ratio of 24.94%.

Wilmington Savings Fund Society FSB decreased its position in Brady Corporation (NYSE:BRC - Free Report) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,227 shares of the industrial products company's stock after selling 4,237 shares during the quarter. Wilmington Savings Fund Society FSB owned 0.18% of Brady worth $5,793,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Brady by 23.9% in the second quarter. Blue Trust Inc. now owns 1,037 shares of the industrial products company's stock valued at $70,000 after acquiring an additional 200 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Brady by 1.2% in the first quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company's stock valued at $1,307,000 after acquiring an additional 215 shares in the last quarter. Quarry LP acquired a new stake in Brady in the first quarter valued at approximately $25,000. Hancock Whitney Corp raised its holdings in Brady by 14.7% in the first quarter. Hancock Whitney Corp now owns 3,403 shares of the industrial products company's stock valued at $240,000 after acquiring an additional 437 shares in the last quarter. Finally, KBC Group NV raised its holdings in Brady by 33.7% in the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock valued at $169,000 after acquiring an additional 602 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company's stock.

Insider Buying and Selling at Brady

In related news, CEO Russell Shaller sold 23,743 shares of Brady stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $80.07, for a total value of $1,901,102.01. Following the transaction, the chief executive officer directly owned 135,080 shares in the company, valued at $10,815,855.60. This trade represents a 14.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Elizabeth P. Bruno sold 2,538 shares of Brady stock in a transaction on Monday, October 6th. The shares were sold at an average price of $76.27, for a total transaction of $193,573.26. Following the completion of the transaction, the director owned 597,462 shares in the company, valued at approximately $45,568,426.74. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,973 shares of company stock valued at $2,299,994. 15.60% of the stock is owned by insiders.

Brady Stock Up 1.3%

BRC stock opened at $74.28 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. Brady Corporation has a twelve month low of $62.70 and a twelve month high of $84.03. The company's 50 day moving average is $76.45 and its two-hundred day moving average is $71.91. The stock has a market cap of $3.50 billion, a P/E ratio of 18.90 and a beta of 0.78.

Brady (NYSE:BRC - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.02. The company had revenue of $397.28 million for the quarter, compared to analysts' expectations of $384.67 million. Brady had a net margin of 12.50% and a return on equity of 19.29%. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the company earned $1.19 earnings per share. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Research analysts expect that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be given a $0.245 dividend. This is a positive change from Brady's previous quarterly dividend of $0.24. The ex-dividend date is Friday, October 10th. This represents a $0.98 annualized dividend and a yield of 1.3%. Brady's payout ratio is currently 24.94%.

Analyst Ratings Changes

Several brokerages recently weighed in on BRC. Wall Street Zen raised shares of Brady from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of Brady in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Strong Buy".

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.

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