Brady Co. (NYSE:BRC) General Counsel Sells $647,337.60 in Stock

Brady Co. (NYSE:BRC) General Counsel Andrew Gorman sold 8,736 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total value of $647,337.60. Following the transaction, the general counsel now directly owns 10,140 shares of the company’s stock, valued at $751,374. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Brady Price Performance

Shares of BRC opened at $74.78 on Friday. The company’s 50-day moving average is $71.75 and its 200-day moving average is $65.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.27 and a quick ratio of 1.69. The firm has a market capitalization of $3.55 billion, a PE ratio of 19.08, a PEG ratio of 3.36 and a beta of 0.76. Brady Co. has a fifty-two week low of $51.35 and a fifty-two week high of $76.82.

Brady (NYSE:BRC) last released its quarterly earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. Brady had a return on equity of 19.84% and a net margin of 14.70%. The business had revenue of $343.40 million during the quarter, compared to the consensus estimate of $351.74 million. During the same period in the previous year, the company posted $1.04 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. Equities analysts forecast that Brady Co. will post 4.55 EPS for the current year.

Brady Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.24 per share. This is a positive change from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, October 10th. Brady’s dividend payout ratio is 24.49%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Brady from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 15th.

Institutional Investors Weigh In On Brady

Several institutional investors and hedge funds have recently bought and sold shares of the company. Swedbank AB bought a new position in Brady in the first quarter valued at approximately $13,439,000. DekaBank Deutsche Girozentrale increased its stake in shares of Brady by 23.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock valued at $36,631,000 after purchasing an additional 106,652 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Brady by 21.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock worth $36,190,000 after buying an additional 106,219 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Brady by 231.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 132,019 shares of the industrial products company’s stock worth $8,716,000 after buying an additional 92,228 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Brady by 1,135.8% during the 2nd quarter. SG Americas Securities LLC now owns 65,211 shares of the industrial products company’s stock worth $4,305,000 after buying an additional 59,934 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.