Brady Co. (BRC) to Issue Quarterly Dividend of $0.24 on October 31st

Brady Co. (NYSE:BRC) declared a quarterly dividend on Thursday, September 5th, Zacks reports. Shareholders of record on Thursday, October 10th will be paid a dividend of 0.24 per share by the industrial products company on Thursday, October 31st. This represents a $0.96 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, October 10th. This is a boost from Brady’s previous quarterly dividend of $0.24.

Brady has increased its dividend by an average of 2.0% annually over the last three years and has raised its dividend every year for the last 39 years. Brady has a payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Brady to earn $4.70 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 20.4%.

Brady Trading Down 0.0 %

Shares of NYSE:BRC opened at $74.68 on Tuesday. Brady has a 52-week low of $51.35 and a 52-week high of $76.97. 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 $3.55 billion, a P/E ratio of 19.05, a P/E/G ratio of 3.49 and a beta of 0.76. The stock’s 50-day moving average is $72.84 and its 200-day moving average is $66.89.

Brady (NYSE:BRC) last released its 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 net margin of 14.70% and a return on equity of 19.84%. The firm had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $351.74 million. During the same period in the prior year, the company earned $1.04 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts predict that Brady will post 4.55 earnings per share for the current year.

Insider Buying and Selling

In other Brady news, COO Thomas F. Debruine sold 2,851 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.77, for a total value of $216,020.27. Following the sale, the chief operating officer now directly owns 9,727 shares in the company, valued at $737,014.79. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Brady news, CEO Russell Shaller sold 12,547 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $73.08, for a total value of $916,934.76. Following the transaction, the chief executive officer now owns 102,905 shares of the company’s stock, valued at approximately $7,520,297.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Thomas F. Debruine sold 2,851 shares of Brady stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.77, for a total value of $216,020.27. Following the completion of the sale, the chief operating officer now directly owns 9,727 shares of the company’s stock, valued at $737,014.79. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,262 shares of company stock worth $3,371,231 in the last 90 days. 15.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Brady from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 3rd.

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.