Teacher Retirement System of Texas Grows Stake in Brady Corporation $BRC

Teacher Retirement System of Texas raised its stake in Brady Corporation (NYSE:BRC) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,767 shares of the industrial products company’s stock after acquiring an additional 2,676 shares during the period. Teacher Retirement System of Texas owned approximately 0.18% of Brady worth $5,762,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BRC. Neuberger Berman Group LLC grew its position in Brady by 196.6% during the 1st quarter. Neuberger Berman Group LLC now owns 1,614,375 shares of the industrial products company’s stock valued at $114,039,000 after purchasing an additional 1,070,000 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in Brady by 63.9% in the first quarter. Champlain Investment Partners LLC now owns 672,930 shares of the industrial products company’s stock worth $47,536,000 after buying an additional 262,454 shares during the last quarter. Millennium Management LLC increased its position in shares of Brady by 1,256.9% during the first quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock valued at $13,081,000 after acquiring an additional 171,535 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Brady by 29.7% during the first quarter. Allianz Asset Management GmbH now owns 516,499 shares of the industrial products company’s stock valued at $36,485,000 after acquiring an additional 118,133 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Brady during the first quarter valued at approximately $6,775,000. Institutional investors own 76.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Brady in a research note on Wednesday, October 8th. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Brady Trading Down 0.7%

Brady stock opened at $76.01 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.58 billion, a P/E ratio of 19.34 and a beta of 0.78. The business has a 50-day simple moving average of $77.62 and a two-hundred day simple moving average of $72.66. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $84.03.

Brady (NYSE:BRC) last released 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 business 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 quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $1.19 earnings per share. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Analysts predict that Brady Corporation will post 4.55 EPS for the current year.

Brady Increases Dividend

The business also recently disclosed 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%. The ex-dividend date of this dividend is Friday, October 10th. This is an increase from Brady’s previous quarterly dividend of $0.24. Brady’s payout ratio is presently 24.94%.

Insider Transactions at Brady

In other Brady news, Director Elizabeth P. Bruno sold 2,692 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $76.27, for a total transaction of $205,318.84. Following the completion of the sale, the director directly owned 327,023 shares of the company’s stock, valued at $24,942,044.21. This trade represents a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Russell Shaller sold 23,743 shares of the business’s stock in a transaction on 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 completion of 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 28,973 shares of company stock worth $2,299,994. Insiders own 15.60% of the company’s stock.

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.