Brady (NYSE:BRC) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Brady (NYSE:BRC) posted its quarterly earnings results on Monday. The industrial products company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.03, Zacks reports. Brady had a return on equity of 19.29% and a net margin of 12.50%.The company had revenue of $405.29 million for the quarter, compared to the consensus estimate of $393.65 million. During the same quarter in the prior year, the business posted $1.12 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Brady updated its FY 2026 guidance to 4.900-5.150 EPS.

Brady Price Performance

Shares of BRC opened at $75.23 on Wednesday. The company’s fifty day moving average price is $76.75 and its 200-day moving average price is $73.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.27. The firm has a market capitalization of $3.54 billion, a PE ratio of 19.14 and a beta of 0.76. Brady has a 1-year low of $62.70 and a 1-year high of $84.03.

Brady Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were paid a $0.245 dividend. This is a boost from Brady’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, October 10th. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. Brady’s dividend payout ratio (DPR) is 24.94%.

Analyst Ratings Changes

Several brokerages have issued reports on BRC. Wall Street Zen cut Brady from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Insiders Place Their Bets

In other news, Director Elizabeth P. Bruno sold 2,692 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $76.27, for a total transaction of $205,318.84. Following the completion of the transaction, the director directly owned 327,023 shares of the company’s stock, valued at $24,942,044.21. This represents a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Russell Shaller sold 23,743 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $80.07, for a total transaction of $1,901,102.01. Following the completion of the transaction, the chief executive officer directly owned 135,080 shares in the company, valued at $10,815,855.60. This represents a 14.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 28,973 shares of company stock valued at $2,299,994 over the last 90 days. 15.60% of the stock is currently owned by insiders.

Institutional Trading of Brady

A number of hedge funds and other institutional investors have recently modified their holdings of BRC. Royal Bank of Canada raised its holdings in Brady by 380.3% in the 1st quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock valued at $456,000 after buying an additional 5,108 shares during the period. Millennium Management LLC increased its stake in Brady by 1,256.9% during the first quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock worth $13,081,000 after purchasing an additional 171,535 shares during the period. NewEdge Advisors LLC increased its stake in Brady by 282.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock worth $116,000 after buying an additional 1,214 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Brady by 7.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,953 shares of the industrial products company’s stock valued at $8,968,000 after acquiring an additional 8,716 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Brady by 89.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 322 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

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.