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Brady Co. (NYSE:BRC - Get Rating) declared a quarterly dividend on Wednesday, August 31st, Zacks reports. Stockholders of record on Friday, October 7th will be given a dividend of 0.23 per share by the industrial products company on Friday, October 28th. This represents a $0.92 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, October 6th. This is an increase from Brady's previous quarterly dividend of $0.23.

Brady has increased its dividend by an average of 2.0% per year over the last three years and has raised its dividend every year for the last 37 years. Brady has a payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Brady to earn $3.45 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 26.1%. Brady Price Performance

BRC opened at $46.30 on Friday. The stock has a fifty day moving average price of $47.43 and a 200 day moving average price of $46.45. The company has a current ratio of 1.97, a quick ratio of 1.24 and a debt-to-equity ratio of 0.08. Brady has a 1 year low of $41.69 and a 1 year high of $56.39. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.98 and a beta of 0.74.

Brady (NYSE:BRC - Get Rating) last announced its quarterly earnings results on Thursday, September 1st. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. Brady had a return on equity of 16.38% and a net margin of 10.66%. The business had revenue of $324.00 million during the quarter, compared to analyst estimates of $331.11 million. During the same period in the previous year, the company earned $0.70 EPS. The firm's revenue was up 5.8% on a year-over-year basis. Analysts forecast that Brady will post 3.1 EPS for the current fiscal year. Insider Transactions at Brady

In related news, Director Frank W. Harris sold 1,000 shares of the company's stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $48.10, for a total value of $48,100.00. Following the completion of the sale, the director now directly owns 20,441 shares in the company, valued at $983,212.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 15.60% of the stock is currently owned by company insiders. Institutional Trading of Brady

Several large investors have recently made changes to their positions in BRC. Captrust Financial Advisors lifted its holdings in Brady by 8.6% in the 2nd quarter. Captrust Financial Advisors now owns 3,662 shares of the industrial products company's stock worth $173,000 after purchasing an additional 290 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Brady by 1.7% in the second quarter. Legal & General Group Plc now owns 138,685 shares of the industrial products company's stock worth $6,551,000 after buying an additional 2,258 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Brady during the 2nd quarter worth $302,000. Walleye Capital LLC grew its stake in Brady by 63.3% in the 2nd quarter. Walleye Capital LLC now owns 13,360 shares of the industrial products company's stock valued at $631,000 after buying an additional 5,177 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Brady by 20.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 47,223 shares of the industrial products company's stock worth $2,231,000 after acquiring an additional 7,909 shares during the period. Institutional investors own 78.22% of the company's stock. About Brady (Get Rating)

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 IDS segment offers safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials, printing systems, RFID and bar code scanners for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.See AlsoGet a free copy of the StockNews.com research report on Brady (BRC)Lululemon Set To Soar Into SeptemberCould Nike Stock be Oversold, but Still Overvalued?Is Alcoa A Buy After Strong Q2 Results And More Share Buybacks?Will Royal Caribbean's Broadband Partnership Drive Revenue?Chip Gear Maker Entegris Has Potential, But Is It Buyable Now?

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