Brady Co. (NYSE:BRC) CEO Russell Shaller Sells 12,547 Shares

Brady Co. (NYSE:BRC) CEO Russell Shaller sold 12,547 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $73.08, for a total transaction of $916,934.76. Following the completion of the sale, the chief executive officer now directly owns 102,905 shares in the company, valued at $7,520,297.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Brady Stock Performance

Brady stock traded up $0.28 during mid-day trading on Monday, hitting $74.88. 102,689 shares of the company’s stock traded hands, compared to its average volume of 283,296. 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 50 day simple moving average of $70.85 and a two-hundred day simple moving average of $64.97. Brady Co. has a fifty-two week low of $51.35 and a fifty-two week high of $76.82. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 3.36 and a beta of 0.76.

Brady (NYSE:BRC) last posted its earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. Brady had a net margin of 14.70% and a return on equity of 19.84%. The company had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $351.74 million. During the same quarter last year, the company posted $1.04 EPS. Brady’s quarterly revenue was down .7% compared to the same quarter last year. On average, research analysts expect that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Increases Dividend

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

Institutional Trading of Brady

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Brady by 0.6% in the first quarter. Vanguard Group Inc. now owns 5,307,191 shares of the industrial products company’s stock valued at $314,610,000 after buying an additional 32,437 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Brady by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,510,180 shares of the industrial products company’s stock worth $99,701,000 after purchasing an additional 24,786 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in Brady by 21.1% in the first quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock valued at $36,190,000 after buying an additional 106,219 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Brady by 23.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock valued at $36,631,000 after acquiring an additional 106,652 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Brady by 5.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 396,619 shares of the industrial products company’s stock worth $26,185,000 after acquiring an additional 19,830 shares during the period. 76.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Brady from a “buy” rating to a “strong-buy” rating in a research note on Sunday.

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.