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 on 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 owns 102,905 shares of the company’s stock, valued at approximately $7,520,297.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Brady Stock Up 0.4 %

BRC traded up $0.28 during trading on Monday, reaching $74.88. The company had a trading volume of 102,689 shares, compared to its average volume of 283,296. Brady Co. has a 12 month low of $51.35 and a 12 month high of $76.82. 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 business’s fifty day moving average price is $70.85 and its 200 day moving average price is $64.97. The company has a market cap of $3.56 billion, a P/E ratio of 19.03, a PEG ratio of 3.36 and a beta of 0.76.

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

Brady Increases Dividend

The firm also recently disclosed 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 represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. Brady’s payout ratio is currently 24.49%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. SYSTM Wealth Solutions LLC bought a new stake in Brady during the 1st quarter worth about $35,000. Blue Trust Inc. boosted its position in Brady by 65.3% during the second quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 262 shares during the last quarter. GAMMA Investing LLC grew its stake in Brady by 337.1% in the second quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 708 shares in the last quarter. Quarry LP increased its position in shares of Brady by 36.1% during the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 255 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Brady during the 1st quarter worth approximately $66,000. Institutional investors and hedge funds 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.