Brady (NYSE:BRC) CEO Russell Shaller Sells 23,743 Shares of Stock

Key Points

• Brady Corporation's CEO, Russell Shaller, sold 23,743 shares of stock for over $1.9 million, representing a 14.95% decrease in his ownership.
• The company's recent quarterly earnings beat expectations, reporting $1.26 EPS and a revenue of $397.28 million, reflecting a 15.7% year-over-year increase.
• Brady has raised its quarterly dividend from $0.24 to $0.245 per share, with an ex-dividend date set for October 10th.

Brady Corporation (NYSE:BRC - Get Free Report) CEO Russell Shaller sold 23,743 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $80.07, for a total transaction of $1,901,102.01. Following the completion of the sale, the chief executive officer owned 135,080 shares in the company, valued at $10,815,855.60. This represents a 14.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Brady Price Performance

NYSE BRC traded down $0.73 on Monday, hitting $79.35. The stock had a trading volume of 167,340 shares, compared to its average volume of 229,279. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $84.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.88. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 17.41 and a beta of 0.83. The firm has a 50-day moving average of $74.25 and a 200-day moving average of $71.28.

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

Brady Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Brady's previous quarterly dividend of $0.24. Brady's payout ratio is currently 24.43%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Brady from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Brady has an average rating of "Strong Buy".

Institutional Investors Weigh In On Brady

A number of large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its holdings in Brady by 1,232.1% in the 2nd quarter. Osaic Holdings Inc. now owns 5,928 shares of the industrial products company's stock worth $418,000 after acquiring an additional 5,483 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Brady by 107.7% during the 2nd quarter. Squarepoint Ops LLC now owns 38,121 shares of the industrial products company's stock valued at $2,591,000 after purchasing an additional 19,771 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Brady by 6.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 149,256 shares of the industrial products company's stock valued at $10,145,000 after purchasing an additional 9,052 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Brady by 156.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 618 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Brady by 3.4% during the 2nd quarter. Lazard Asset Management LLC now owns 117,231 shares of the industrial products company's stock valued at $7,967,000 after purchasing an additional 3,870 shares in the last quarter. Institutional investors own 76.28% of the company's stock.

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.