Brady (NYSE:BRC) COO Thomas Debruine Sells 1,569 Shares of Company Stock

Key Points

• Brady COO Thomas Debruine sold 1,569 shares at an average price of $85, generating $133,365 and reducing his ownership by 15.77% to 8,381 shares.
• Brady shares fell 0.5% to $84.65, while the company reported quarterly revenue growth of 10% and earnings of $1.48 per share, slightly exceeding analyst expectations.
• The company increased its quarterly dividend to $0.25 per share, and analysts maintain an average “Buy” rating with a consensus price target of $103.

Brady Corporation (NYSE:BRC - Get Free Report) COO Thomas Debruine sold 1,569 shares of the firm's stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $85.00, for a total value of $133,365.00. Following the completion of the sale, the chief operating officer owned 8,381 shares of the company's stock, valued at approximately $712,385. This trade represents a 15.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Brady Trading Down 0.5%

Shares of BRC stock traded down $0.46 on Wednesday, hitting $84.65. The stock had a trading volume of 53,337 shares, compared to its average volume of 264,644. The firm has a market cap of $3.97 billion, a P/E ratio of 19.62 and a beta of 0.61. Brady Corporation has a twelve month low of $70.57 and a twelve month high of $99.29. The company has a fifty day moving average price of $90.04 and a two-hundred day moving average price of $86.87. The company has a current ratio of 1.94, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01.

Brady (NYSE:BRC - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.01. The company had revenue of $436.90 million for the quarter, compared to analyst estimates of $427.91 million. Brady had a net margin of 12.36% and a return on equity of 19.21%. Brady's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 EPS. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. As a group, analysts forecast that Brady Corporation will post 6.5 earnings per share for the current fiscal year.

Brady Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. This is a boost from Brady's previous quarterly dividend of $0.2450. Brady's dividend payout ratio (DPR) is 22.74%.

Hedge Funds Weigh In On Brady

A number of institutional investors and hedge funds have recently bought and sold shares of the business. QRG Capital Management Inc. increased its stake in Brady by 16.9% during the second quarter. QRG Capital Management Inc. now owns 15,141 shares of the industrial products company's stock worth $1,386,000 after purchasing an additional 2,193 shares during the period. Tidal Investments LLC lifted its position in Brady by 5.8% in the second quarter. Tidal Investments LLC now owns 17,459 shares of the industrial products company's stock valued at $1,599,000 after purchasing an additional 958 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Brady in the second quarter valued at about $641,000. Integrated Wealth Concepts LLC purchased a new position in Brady during the 2nd quarter valued at about $47,000. Finally, Nykredit A S purchased a new stake in shares of Brady in the second quarter valued at $34,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BRC shares. Sidoti raised shares of 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. Wall Street Zen upgraded shares of Brady from a "hold" rating to a "buy" rating in a research note on Sunday. Finally, Weiss Ratings lowered shares of Brady from a "buy (b+)" rating to a "buy (b)" rating in a research note on Monday, September 14th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $103.00.

Brady Company Profile

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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