Brady Corporation (BRC) To Go Ex-Dividend on July 10th

Brady Corporation (NYSE:BRC) announced a quarterly dividend on Tuesday, May 19th. Investors of record on Friday, July 10th will be given a dividend of 0.245 per share by the industrial products company on Friday, July 31st. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, July 10th.

Brady has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 39 consecutive years. Brady has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings.

Brady Price Performance

BRC stock opened at $91.12 on Wednesday. The stock has a 50-day moving average price of $84.25 and a two-hundred day moving average price of $85.00. Brady has a 1 year low of $67.75 and a 1 year high of $99.29. The stock has a market cap of $4.29 billion, a PE ratio of 20.76 and a beta of 0.61. The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02.

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

Insider Buying and Selling at Brady

In related news, CEO Vineet A. Nargolwala purchased 13,011 shares of the stock in a transaction on Wednesday, June 10th. The shares were purchased at an average price of $76.86 per share, with a total value of $1,000,025.46. Following the transaction, the chief executive officer directly owned 52,709 shares of the company’s stock, valued at $4,051,213.74. This trade represents a 32.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC bought a new position in Brady in the 4th quarter valued at about $25,000. Richardson Financial Services Inc. grew its holdings 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 during the last quarter. Advisory Services Network LLC bought a new position in shares of Brady in the 3rd quarter valued at $31,000. Global Retirement Partners LLC raised its position in Brady by 42.4% in the fourth 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 during the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Brady during the first quarter valued at about $40,000. 76.28% of the stock is currently owned by 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.