Insider Selling: Brady (NYSE:BRC) Director Sells 2,692 Shares of Stock

Key Points

• Elizabeth Bruno, a director at Brady Corporation, sold 2,692 shares at an average price of $76.27, totaling $205,318.84, which decreased her total ownership to 327,023 shares.
• Brady Corporation reported a year-over-year revenue increase of 15.7%, with earnings per share of $1.26 for the last quarter, surpassing analyst estimates.
• The company's board declared a quarterly dividend of $0.245 per share, an increase from the previous quarter, with a dividend yield of 1.3%.

Brady Corporation (NYSE:BRC - Get Free Report) Director Elizabeth Bruno sold 2,692 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $76.27, for a total transaction of $205,318.84. Following the transaction, the director directly owned 327,023 shares of the company's stock, valued at $24,942,044.21. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Brady Price Performance

Shares of Brady stock traded down $1.24 during trading hours on Tuesday, reaching $74.60. 158,129 shares of the company's stock were exchanged, compared to its average volume of 221,134. The business has a fifty day moving average of $76.11 and a two-hundred day moving average of $71.82. The company has a market capitalization of $3.51 billion, a P/E ratio of 18.98 and a beta of 0.78. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.08. Brady Corporation has a 1 year low of $62.70 and a 1 year high of $84.03.

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, beating the consensus estimate of $1.24 by $0.02. The company had revenue of $397.28 million for the quarter, compared to analyst estimates of $384.67 million. Brady had a net margin of 12.50% and a return on equity of 19.29%. Brady's revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 EPS. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. As a group, research analysts predict that Brady Corporation will post 4.55 earnings per share for the current fiscal 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 given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, October 10th. This is a positive change from Brady's previous quarterly dividend of $0.24. Brady's payout ratio is 24.43%.

Institutional Investors Weigh In On Brady

Several hedge funds and other institutional investors have recently modified their holdings of BRC. KBC Group NV raised its holdings in shares of Brady by 33.7% during the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock worth $169,000 after purchasing an additional 602 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Brady in the first quarter worth approximately $381,000. Bessemer Group Inc. boosted its holdings in Brady by 68.9% in the first quarter. Bessemer Group Inc. now owns 11,011 shares of the industrial products company's stock worth $779,000 after purchasing an additional 4,490 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Brady by 10.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 498,670 shares of the industrial products company's stock valued at $35,226,000 after buying an additional 48,522 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Brady during the 1st quarter worth about $6,775,000. Institutional investors own 76.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wall Street Zen raised Brady from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Brady in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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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