Russell Shaller Sells 21,128 Shares of Brady Co. (NYSE:BRC) Stock

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

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 Stock Down 2.0 %

Shares of NYSE BRC opened at $75.11 on Wednesday. The stock has a fifty day moving average price of $72.62 and a 200 day moving average price of $66.43. The company has a current ratio of 2.27, a quick ratio of 1.69 and a debt-to-equity ratio of 0.09. Brady Co. has a 12-month low of $51.35 and a 12-month high of $76.97. The company has a market cap of $3.57 billion, a P/E ratio of 19.16, a P/E/G ratio of 3.49 and a beta of 0.76.

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

Brady Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.24 dividend. 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 is 24.49%.

Institutional Investors Weigh In On Brady

Large investors have recently added to or reduced their stakes in the company. Raymond James & Associates lifted its holdings 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 buying an additional 144 shares in the last quarter. Andina Capital Management LLC increased 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 acquiring an additional 169 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Brady by 1.9% in the second 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. boosted its holdings in 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 purchasing an additional 251 shares during the last quarter. Finally, Quarry LP grew its stake in Brady by 36.1% during the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 255 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 shares of Brady from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 25th.

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.