Russell Shaller Sells 23,743 Shares of Brady (NYSE:BRC) 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 firm's 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Brady Trading Down 2.1%

BRC traded down $1.68 during trading on Friday, hitting $80.06. 886,211 shares of the stock traded hands, compared to its average volume of 229,279. The firm has a market capitalization of $3.77 billion, a P/E ratio of 20.37 and a beta of 0.83. Brady Corporation has a 12-month low of $62.70 and a 12-month high of $84.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.27. 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 for the quarter, topping analysts' consensus estimates of $1.24 by $0.02. Brady had a net margin of 12.50% and a return on equity of 19.29%. The company had revenue of $397.28 million during the quarter, compared to analyst estimates of $384.67 million. During the same period in the prior year, the business posted $1.19 earnings per share. Brady's revenue for the quarter was up 15.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Equities research analysts anticipate that Brady Corporation will post 4.55 EPS for the current year.

Brady Increases Dividend

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Brady

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