Brady (NYSE:BRC) General Counsel Andrew Gorman Sells 12,528 Shares of Stock

Brady Corporation (NYSE:BRC) General Counsel Andrew Gorman sold 12,528 shares of Brady stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $80.01, for a total value of $1,002,365.28. Following the completion of the transaction, the general counsel owned 14,153 shares in the company, valued at $1,132,381.53. This trade represents a 46.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Brady Stock Down 0.4%

NYSE:BRC opened at $80.42 on Thursday. The company’s 50-day simple moving average is $76.61 and its 200-day simple moving average is $73.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.88. Brady Corporation has a fifty-two week low of $62.70 and a fifty-two week high of $84.03. The stock has a market capitalization of $3.79 billion, a P/E ratio of 20.46 and a beta of 0.76.

Brady (NYSE:BRC) last announced its earnings results on Monday, November 17th. The industrial products company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.03. The company had revenue of $405.29 million during the quarter, compared to the consensus estimate of $393.65 million. Brady had a net margin of 12.50% and a return on equity of 19.29%. Brady’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $1.12 earnings per share. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. On average, equities analysts anticipate that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.2%. This is a boost from Brady’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, October 10th. Brady’s dividend payout ratio (DPR) is 23.96%.

Institutional Trading of Brady

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC boosted its position in Brady by 196.6% in the 1st quarter. Neuberger Berman Group LLC now owns 1,614,375 shares of the industrial products company’s stock worth $114,039,000 after purchasing an additional 1,070,000 shares in the last quarter. First Trust Advisors LP grew its holdings in Brady by 13.4% in the third quarter. First Trust Advisors LP now owns 1,326,113 shares of the industrial products company’s stock valued at $103,477,000 after purchasing an additional 156,868 shares during the period. Champlain Investment Partners LLC increased its position in shares of Brady by 22.1% in the second quarter. Champlain Investment Partners LLC now owns 821,401 shares of the industrial products company’s stock valued at $55,831,000 after buying an additional 148,471 shares in the last quarter. Royce & Associates LP raised its stake in shares of Brady by 1.0% during the 3rd quarter. Royce & Associates LP now owns 674,248 shares of the industrial products company’s stock worth $52,612,000 after buying an additional 6,922 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Brady by 15.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 524,913 shares of the industrial products company’s stock valued at $36,047,000 after buying an additional 71,291 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Brady from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

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.