Brady (NYSE:BRC) COO Sells $482,076.00 in Stock

Key Points

• Brady COO Thomas Debruine sold 5,739 shares at an average price of $84, generating $482,076; his remaining stake fell by 43.27% to 7,523 shares.
• Brady reported quarterly EPS of $1.48, slightly exceeding estimates, while revenue rose 10% year over year to $436.9 million. Shares were trading near $83.92, below the analyst average price target of $103.
• The company raised its quarterly dividend to $0.25 from $0.24, implying a $1.00 annualized payout and a 1.2% yield; institutional investors own 76.28% of the stock.

Brady Corporation (NYSE:BRC - Get Free Report) COO Thomas Debruine sold 5,739 shares of the company's stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $84.00, for a total value of $482,076.00. Following the completion of the transaction, the chief operating officer owned 7,523 shares in the company, valued at $631,932. This represents a 43.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Brady Price Performance

Shares of Brady stock traded down $0.18 on Monday, hitting $83.92. 25,822 shares of the company traded hands, compared to its average volume of 263,210. Brady Corporation has a 12-month low of $70.57 and a 12-month high of $99.29. The company has a current ratio of 1.94, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.94 billion, a P/E ratio of 19.47 and a beta of 0.61. The firm's 50-day simple moving average is $92.33 and its 200 day simple moving average is $87.15.

Brady (NYSE:BRC - Get Free Report) last issued its earnings results on Thursday, September 3rd. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.01. Brady had a net margin of 12.36% and a return on equity of 19.21%. The company had revenue of $436.90 million for the quarter, compared to analysts' expectations of $427.91 million. During the same quarter last year, the company earned $1.04 EPS. The firm'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. Analysts expect that Brady Corporation will post 6.5 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 9th. This is a boost from Brady's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. Brady's payout ratio is 23.20%.

Institutional Investors Weigh In On Brady

Several large investors have recently bought and sold shares of BRC. Nykredit A S bought a new stake in shares of Brady during the 2nd quarter valued at $34,000. Leonteq Securities AG purchased a new stake in Brady during the 1st quarter valued at approximately $40,000. Integrated Wealth Concepts LLC bought a new stake in Brady in the 2nd quarter valued at $47,000. Parkside Financial Bank & Trust lifted 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 worth $52,000 after buying an additional 553 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Brady by 50.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 998 shares of the industrial products company's stock worth $78,000 after acquiring an additional 334 shares in the last quarter. 76.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BRC shares. Sidoti upgraded Brady from a "neutral" rating to a "buy" rating and set a $103.00 price objective for the company in a report on Tuesday, June 9th. Weiss Ratings downgraded Brady from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, September 14th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Brady presently has an average rating of "Buy" and an average price target of $103.00.

About Brady

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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