Insider Selling: Brady Co. (NYSE:BRC) COO Sells 2,851 Shares of Stock

Brady Co. (NYSE:BRC) COO Thomas F. Debruine sold 2,851 shares of Brady stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.77, for a total transaction of $216,020.27. Following the transaction, the chief operating officer now directly owns 9,727 shares in the company, valued at $737,014.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Brady Stock Down 1.1 %

Shares of BRC stock opened at $75.23 on Friday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 3.49 and a beta of 0.76. Brady Co. has a 12-month low of $51.35 and a 12-month high of $76.97. The firm has a fifty day moving average of $72.42 and a 200-day moving average of $66.12. 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 posted its quarterly earnings data on Friday, September 6th. The industrial products company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $343.40 million during 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%. Brady’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. As a group, equities research analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BRC. Raymond James & Associates boosted its stake in shares of Brady by 0.3% during the 2nd quarter. Raymond James & Associates now owns 46,010 shares of the industrial products company’s stock worth $3,038,000 after buying an additional 144 shares during the last quarter. Andina Capital Management LLC raised its position in 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 acquiring an additional 169 shares in the last quarter. Arizona State Retirement System lifted its stake 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 valued at $828,000 after purchasing an additional 230 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Brady by 2.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 12,729 shares of the industrial products company’s stock valued at $840,000 after buying an additional 251 shares during the last quarter. Finally, Quarry LP boosted 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 acquiring an additional 255 shares during the period. Institutional investors own 76.28% of the company’s stock.

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.