Vineet Nargolwala Acquires 13,011 Shares of Brady (NYSE:BRC) Stock

Brady Corporation (NYSE:BRC) CEO Vineet Nargolwala bought 13,011 shares of Brady stock in a transaction dated Wednesday, June 10th. The stock was purchased at an average price of $76.86 per share, with a total value of $1,000,025.46. Following the completion of the purchase, the chief executive officer owned 52,709 shares in the company, valued at $4,051,213.74. This trade represents a 32.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Brady Stock Performance

Shares of BRC opened at $82.58 on Friday. Brady Corporation has a one year low of $65.76 and a one year high of $99.29. The company has a market cap of $3.89 billion, a PE ratio of 18.81 and a beta of 0.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.01 and a quick ratio of 1.36. The stock has a 50-day moving average of $82.36 and a 200-day moving average of $83.89.

Brady (NYSE:BRC) last released its quarterly earnings results on Monday, May 18th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. Brady had a return on equity of 19.01% and a net margin of 12.93%.The business had revenue of $435.24 million during the quarter, compared to the consensus estimate of $406.07 million. During the same quarter in the previous year, the business earned $1.22 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. On average, equities research analysts predict that Brady Corporation will post 5.25 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, July 10th. Brady’s payout ratio is presently 22.32%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BRC shares. Sidoti upgraded Brady from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Tuesday. Weiss Ratings downgraded Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Brady currently has an average rating of “Buy” and an average target price of $103.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new position in shares of Brady during the 4th quarter valued at $25,000. Richardson Financial Services Inc. grew its position in shares of Brady by 72.1% during the 4th quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 163 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Brady during the 3rd quarter valued at $31,000. Global Retirement Partners LLC grew its position in shares of Brady by 42.4% during the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 134 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Brady during the 1st quarter valued at $40,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

About Brady

Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.