Brady Corporation $BRC Stake Raised by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Brady Corporation (NYSE:BRC) by 65.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,238 shares of the industrial products company’s stock after buying an additional 2,458 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Brady were worth $424,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BRC. Quarry LP acquired a new position in Brady during the 1st quarter worth $25,000. Blue Trust Inc. raised its stake in shares of Brady by 23.9% during the second quarter. Blue Trust Inc. now owns 1,037 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 200 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Brady in the first quarter worth about $74,000. NewEdge Advisors LLC grew its position in Brady by 282.3% in 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. Finally, Pacer Advisors Inc. bought a new position in Brady in the 1st quarter valued at about $159,000. Institutional investors own 76.28% of the company’s stock.

Insider Buying and Selling at Brady

In other Brady news, CEO Russell Shaller sold 23,743 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $80.07, for a total transaction of $1,901,102.01. Following the sale, the chief executive officer owned 135,080 shares in the company, valued at approximately $10,815,855.60. The trade was a 14.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth P. Bruno sold 2,538 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $76.27, for a total transaction of $193,573.26. Following the sale, the director directly owned 597,462 shares of the company’s stock, valued at $45,568,426.74. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 28,973 shares of company stock valued at $2,299,994. 15.60% of the stock is currently owned by company insiders.

Brady Stock Down 1.9%

NYSE BRC opened at $76.26 on Thursday. Brady Corporation has a 12 month low of $62.70 and a 12 month high of $84.03. The company has a market capitalization of $3.59 billion, a P/E ratio of 19.41 and a beta of 0.78. The company’s 50 day simple moving average is $77.58 and its 200 day simple moving average is $72.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.27.

Brady (NYSE:BRC) last posted its quarterly earnings results on Thursday, September 4th. The industrial products company reported $1.26 earnings per share (EPS) 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 analyst estimates of $384.67 million. Brady had a net margin of 12.50% and a return on equity of 19.29%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 earnings per share. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Equities research analysts expect 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 given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Brady’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, October 10th. Brady’s payout ratio is presently 24.94%.

Analysts Set New Price Targets

BRC has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Brady in a report on Wednesday, October 8th. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

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.