Brady Co. (NYSE:BRC) CEO Sells $1,590,938.40 in Stock

Brady Co. (NYSE:BRC) CEO Russell Shaller sold 21,128 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $75.30, for a total transaction of $1,590,938.40. Following the transaction, the chief executive officer now directly owns 102,150 shares of the company’s stock, valued at $7,691,895. The sale was disclosed in a document filed with the SEC, which is available through this link.

Russell Shaller also recently made the following trade(s):

• On Friday, September 13th, Russell Shaller sold 12,547 shares of Brady stock. The stock was sold at an average price of $73.08, for a total transaction of $916,934.76.

Brady Price Performance

Shares of NYSE:BRC opened at $75.11 on Wednesday. The company has a market cap of $3.57 billion, a PE ratio of 19.16, a P/E/G ratio of 3.49 and a beta of 0.76. Brady Co. has a fifty-two week low of $51.35 and a fifty-two week high of $76.97. The firm has a 50-day simple moving average of $72.62 and a 200 day simple moving average of $66.43. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09.

Brady (NYSE:BRC) last announced its quarterly earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The business 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 business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 EPS. On average, sell-side analysts anticipate that Brady Co. will post 4.55 EPS for the current year.

Brady Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. This is a positive change from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio is currently 24.49%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Brady

Several hedge funds have recently bought and sold shares of the company. Raymond James & Associates grew its position in Brady by 0.3% in the 2nd quarter. Raymond James & Associates now owns 46,010 shares of the industrial products company’s stock worth $3,038,000 after purchasing an additional 144 shares during the last quarter. Andina Capital Management LLC boosted its position in shares of Brady by 3.2% during the second quarter. Andina Capital Management LLC now owns 5,531 shares of the industrial products company’s stock worth $365,000 after buying an additional 169 shares during the period. Arizona State Retirement System grew its holdings in Brady by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,540 shares of the industrial products company’s stock worth $828,000 after buying an additional 230 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Brady by 2.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 12,729 shares of the industrial products company’s stock valued at $840,000 after acquiring an additional 251 shares during the period. Finally, Quarry LP increased its position in Brady by 36.1% in the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 255 shares during the period. 76.28% of the stock is currently owned by institutional investors.

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.