Russell Shaller, the President and CEO of Brady Corp (NYSE:BRC), has sold 12,547 shares of the company's Class A Common Stock, according to a recent filing with the Securities and Exchange Commission. The transaction, which took place on September 13, totaled approximately $916,934, with the shares being sold at an average price of $73.08.
The disclosed sales were executed in multiple transactions at prices ranging from $72.89 to $73.30. Following the transaction, Shaller's direct holdings in the company amount to 102,905 shares of Brady Corp's Class A Common Stock.
Brady Corp, headquartered in Milwaukee, Wisconsin, operates in the miscellaneous manufacturing industries sector and is known for its identification solutions and workplace safety products.
This sale by a high-ranking executive is a routine disclosure, and investors often monitor such transactions for insights into executive sentiment regarding their company's stock. The details of these transactions are publicly available through SEC filings, which provide transparency and ongoing updates about insider trades.
Investors and analysts keeping track of Brady Corp's insider transactions can find more information on the company's recent activities and stock performance through their financial reports and market updates.
In other recent news, Brady Corporation has reported a record high earnings per share (EPS) for both the fourth quarter and the full fiscal year of 2024. This achievement was driven by organic sales growth, improved gross profit margins, and a significant increase in research and development (R&D) investment. The company also announced a new $100 million share buyback authorization and a dividend increase, marking the 39th consecutive year of dividend growth.
In addition to its financial success, Brady Corporation expanded its capabilities in part marking and identification through the acquisition of Gravotech. The company returned $117 million to shareholders through dividends and share buybacks during the fiscal year. Looking ahead, Brady Corporation provided an optimistic forecast for fiscal 2025, projecting GAAP EPS to range from $4.20 to $4.45 per share and anticipating low-single digit organic sales growth.
However, the company has also highlighted potential risks for the guidance, including currency fluctuations, inflation, and economic slowdown. Despite these challenges, Brady Corporation is committed to generating top-line growth and targeting niche opportunities in the upcoming year. Notably, the company is experiencing strong growth in Southeast Asia and India, with expansion plans in these regions. These are the recent developments in Brady Corporation.
InvestingPro Insights
As investors digest the news of Russell Shaller's recent sale of Brady Corp shares, it's worth considering the company's financial health and market performance to better understand the context of such insider transactions. According to InvestingPro data, Brady Corp currently holds a market capitalization of $3.56 billion and boasts a robust gross profit margin of 51.28% for the last twelve months as of Q4 2024. This indicates a strong ability to retain earnings after the cost of goods sold is accounted for, which is a positive signal for investors looking at the company's profitability.
InvestingPro Tips highlight that Brady Corp is a company that has raised its dividend for 29 consecutive years, showcasing a commitment to returning value to shareholders. Additionally, the company has maintained dividend payments for an impressive 41 consecutive years. These factors demonstrate Brady Corp's focus on providing consistent shareholder returns, which may be particularly attractive to income-focused investors.
Other notable metrics include a Price/Earnings (P/E) ratio of 18.34, suggesting that the stock is trading at a price relatively commensurate with its earnings. The company has also experienced a significant price uptick over the last six months, with a 28.64% total return, reflecting strong market confidence. With the stock trading near its 52-week high at 97.38% of the peak price, investors may be witnessing a period of heightened interest in Brady Corp.
For those seeking additional insights, there are 13 more InvestingPro Tips available for Brady Corp at https://www.investing.com/pro/BRC, which can provide further guidance on the company's financial standing and market potential.
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