Brady (NYSE:BRC) CEO Vineet Nargolwala Purchases 13,011 Shares

Brady Corporation (NYSE:BRC) CEO Vineet Nargolwala bought 13,011 shares of the stock in a transaction dated Wednesday, June 10th. The stock was bought at an average price of $76.86 per share, with a total value of $1,000,025.46. Following the acquisition, the chief executive officer owned 52,709 shares in the company, valued at approximately $4,051,213.74. This represents a 32.77% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Brady Trading Up 3.6%

Shares of Brady stock opened at $80.70 on Friday. The company has a fifty day simple moving average of $82.37 and a 200-day simple moving average of $83.89. Brady Corporation has a 12-month low of $65.76 and a 12-month high of $99.29. The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 18.38 and a beta of 0.62.

Brady (NYSE:BRC) last issued its earnings results on Monday, May 18th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.15. Brady had a net margin of 12.93% and a return on equity of 19.01%. The business had revenue of $435.24 million during the quarter, compared to analysts’ expectations of $406.07 million. During the same quarter in the prior year, the business posted $1.22 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. On average, equities analysts forecast that Brady Corporation will post 5.25 EPS for the current fiscal year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a $0.245 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.98 annualized dividend and a dividend yield of 1.2%. Brady’s dividend payout ratio is presently 22.32%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BRC shares. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings downgraded shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Finally, Sidoti upgraded shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $103.00.

Institutional Trading of Brady

Several institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. raised its position in Brady by 267.8% during the 4th quarter. Franklin Resources Inc. now owns 1,188,189 shares of the industrial products company’s stock worth $93,118,000 after buying an additional 865,131 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Brady by 502,257.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 452,122 shares of the industrial products company’s stock worth $35,433,000 after buying an additional 452,032 shares during the last quarter. First Trust Advisors LP raised its position in Brady by 22.2% during the 4th quarter. First Trust Advisors LP now owns 1,620,931 shares of the industrial products company’s stock worth $127,032,000 after buying an additional 294,818 shares during the last quarter. Millennium Management LLC raised its position in Brady by 1,256.9% during the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock worth $13,081,000 after buying an additional 171,535 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Brady by 37.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 322,873 shares of the industrial products company’s stock worth $21,946,000 after buying an additional 87,606 shares during 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.