Thomas F. Debruine Sells 2,851 Shares of Brady Co. (NYSE:BRC) Stock

Brady Co. (NYSE:BRC) COO Thomas F. Debruine sold 2,851 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.77, for a total value of $216,020.27. Following the completion of the sale, the chief operating officer now directly owns 9,727 shares of the company’s stock, valued at $737,014.79. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Brady Trading Down 1.1 %

Shares of Brady stock opened at $75.23 on Monday. The company’s fifty day moving average is $72.42 and its two-hundred day moving average is $66.18. Brady Co. has a 1 year low of $51.35 and a 1 year high of $76.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 2.27. The company has a market capitalization of $3.57 billion, a P/E ratio of 19.19, a PEG ratio of 3.49 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $351.74 million. Brady had a return on equity of 19.84% and a net margin of 14.70%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 EPS. Analysts forecast that Brady Co. will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, October 10th. This is an increase from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. Brady’s dividend payout ratio (DPR) is currently 24.49%.

Hedge Funds Weigh In On Brady

Several institutional investors have recently bought and sold shares of BRC. Aristides Capital LLC increased its stake in shares of Brady by 7.2% during the second quarter. Aristides Capital LLC now owns 4,343 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 292 shares during the period. Aurora Investment Counsel acquired a new position in Brady during the 2nd quarter worth approximately $2,104,000. Quarry LP raised its stake 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 buying an additional 255 shares in the last quarter. Creative Planning lifted its holdings in shares of Brady by 2.6% in the 2nd quarter. Creative Planning now owns 10,277 shares of the industrial products company’s stock valued at $679,000 after buying an additional 256 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in shares of Brady by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 98,589 shares of the industrial products company’s stock valued at $6,509,000 after buying an additional 6,772 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Brady from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 25th.

Brady Company Profile

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.