Paradiem LLC Cuts Holdings in Brady Corporation $BRC

Paradiem LLC lowered its position in Brady Corporation (NYSE:BRC) by 6.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,138 shares of the industrial products company’s stock after selling 9,746 shares during the period. Brady comprises approximately 2.4% of Paradiem LLC’s investment portfolio, making the stock its 18th biggest position. Paradiem LLC’s holdings in Brady were worth $9,593,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Quarry LP purchased a new position in shares of Brady in the 1st quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Brady during the 1st quarter worth approximately $74,000. NewEdge Advisors LLC lifted its position in shares of Brady by 282.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock valued at $116,000 after buying an additional 1,214 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Brady in the 1st quarter valued at $159,000. Finally, KBC Group NV grew its stake in Brady by 33.7% in the 1st quarter. KBC Group NV now owns 2,391 shares of the industrial products company’s stock valued at $169,000 after acquiring an additional 602 shares during the period. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Trading Down 1.0%

Shares of BRC opened at $76.68 on Tuesday. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $84.03. The stock has a market cap of $3.61 billion, a PE ratio of 19.51 and a beta of 0.83. The firm’s fifty day moving average is $75.34 and its two-hundred day moving average is $71.60. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.08.

Brady (NYSE:BRC) last posted its quarterly earnings results on Thursday, September 4th. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.02. The firm had revenue of $397.28 million for the quarter, compared to the consensus estimate of $384.67 million. Brady had a net margin of 12.50% and a return on equity of 19.29%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $1.19 earnings per share. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Research analysts forecast that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be issued a dividend of $0.245 per share. The ex-dividend date is Friday, October 10th. This represents a $0.98 annualized dividend and a dividend yield of 1.3%. This is an increase from Brady’s previous quarterly dividend of $0.24. Brady’s payout ratio is presently 24.94%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Insider Activity

In related news, CEO Russell Shaller sold 23,743 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $80.07, for a total value of $1,901,102.01. Following the completion of the sale, the chief executive officer owned 135,080 shares of the company’s stock, valued at approximately $10,815,855.60. This trade represents a 14.95% 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 link. 15.60% of the stock is owned by company insiders.

Brady Profile

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.