Brady Corporation Announces Quarterly Dividend of $0.25 (NYSE:BRC)

Brady Corporation (NYSE:BRC) declared a quarterly dividend on Tuesday, February 24th. Shareholders of record on Thursday, April 9th will be paid a dividend of 0.245 per share by the industrial products company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, April 9th.

Brady has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 39 consecutive years. Brady has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings.

Brady Price Performance

Shares of NYSE BRC traded down $0.80 during trading hours on Wednesday, hitting $92.20. 96,326 shares of the stock were exchanged, compared to its average volume of 215,270. The company’s fifty day simple moving average is $85.85 and its two-hundred day simple moving average is $80.15. The company has a market cap of $4.35 billion, a PE ratio of 21.58 and a beta of 0.63. Brady has a 1-year low of $62.70 and a 1-year high of $99.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.40 and a current ratio of 2.13.

Brady (NYSE:BRC) last posted its earnings results on Thursday, February 19th. The industrial products company reported $1.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.09. The firm had revenue of $384.14 million for the quarter, compared to analysts’ expectations of $376.14 million. Brady had a net margin of 13.01% and a return on equity of 18.62%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Brady has set its FY 2026 guidance at 4.950-5.150 EPS. On average, sell-side analysts predict that Brady will post 4.55 EPS for the current year.

Insider Buying and Selling

In other Brady news, insider Brett Wilms sold 3,791 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $78.13, for a total value of $296,190.83. Following the completion of the transaction, the insider owned 7,672 shares in the company, valued at approximately $599,413.36. This represents a 33.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Thomas F. Debruine sold 5,538 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $81.00, for a total transaction of $448,578.00. Following the completion of the sale, the chief operating officer directly owned 10,181 shares in the company, valued at $824,661. This represents a 35.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BRC. First Trust Advisors LP grew its stake in shares of Brady by 22.2% in the fourth quarter. First Trust Advisors LP now owns 1,620,931 shares of the industrial products company’s stock worth $127,032,000 after acquiring an additional 294,818 shares during the last quarter. State Street Corp grew its holdings in shares of Brady by 1.7% during the fourth quarter. State Street Corp now owns 1,524,384 shares of the industrial products company’s stock valued at $119,466,000 after buying an additional 26,151 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brady by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,461,632 shares of the industrial products company’s stock valued at $114,551,000 after acquiring an additional 8,125 shares in the last quarter. Franklin Resources Inc. raised its holdings in Brady by 267.8% in the 4th quarter. Franklin Resources Inc. now owns 1,188,189 shares of the industrial products company’s stock worth $93,118,000 after acquiring an additional 865,131 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its position in Brady by 22.1% in the 2nd quarter. Champlain Investment Partners LLC now owns 821,401 shares of the industrial products company’s stock valued at $55,831,000 after acquiring an additional 148,471 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Company Profile

Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.