Brady Co. (NYSE:BRC) General Counsel Andrew Gorman Sells 8,736 Shares of Stock

Brady Co. (NYSE:BRC) General Counsel Andrew Gorman sold 8,736 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total transaction of $647,337.60. Following the completion of the sale, the general counsel now owns 10,140 shares of the company’s stock, valued at approximately $751,374. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Brady Trading Up 1.3 %

Shares of NYSE BRC opened at $74.59 on Friday. The business’s 50 day moving average price is $71.38 and its 200-day moving average price is $65.25. Brady Co. has a fifty-two week low of $51.35 and a fifty-two week high of $76.82. 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 cap of $3.54 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 3.36 and a beta of 0.76.

Brady (NYSE:BRC) last announced its quarterly earnings results on Friday, September 6th. The industrial products company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. Brady had a return on equity of 19.84% and a net margin of 14.70%. The firm had revenue of $343.40 million for the quarter, compared to analyst estimates of $351.74 million. During the same quarter last year, the firm posted $1.04 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, sell-side analysts expect that Brady Co. will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a $0.24 dividend. This is an increase from Brady’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.29%. Brady’s payout ratio is 24.49%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Brady from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 15th.

Institutional Trading of Brady

Several hedge funds and other institutional investors have recently bought and sold shares of BRC. Raymond James & Associates lifted 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 purchasing an additional 144 shares during the last quarter. Andina Capital Management LLC grew its position in shares of Brady by 3.2% in the 2nd 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 last quarter. Arizona State Retirement System raised its stake in shares of Brady by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,540 shares of the industrial products company’s stock worth $828,000 after acquiring an additional 230 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Brady by 2.0% during 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 acquiring an additional 251 shares during the last quarter. Finally, Quarry LP boosted its stake in Brady by 36.1% in the second quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

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.