Icon Advisers Inc. Co. Has $2.68 Million Position in Brady Corporation $BRC

Icon Advisers Inc. Co. increased its position in shares of Brady Corporation (NYSE:BRC) by 37.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,000 shares of the industrial products company’s stock after buying an additional 9,000 shares during the quarter. Icon Advisers Inc. Co. owned 0.07% of Brady worth $2,681,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BRC. Flagship Harbor Advisors LLC acquired a new position in Brady in the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. grew its holdings in shares of Brady by 72.1% during the 4th quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 163 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Brady during the 3rd quarter worth approximately $31,000. Global Retirement Partners LLC increased its position in shares of Brady by 42.4% during the fourth quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 134 shares during the period. Finally, Leonteq Securities AG acquired a new position in shares of Brady in the first quarter valued at $40,000. 76.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on BRC. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Weiss Ratings downgraded shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Sidoti upgraded shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Brady currently has a consensus rating of “Buy” and a consensus target price of $103.00.

Brady Price Performance

Shares of BRC stock opened at $93.47 on Thursday. The stock’s fifty day simple moving average is $86.98 and its 200 day simple moving average is $85.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.01 and a quick ratio of 1.36. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 21.29 and a beta of 0.61. Brady Corporation has a one year low of $68.24 and a one year high of $99.29.

Brady (NYSE:BRC) last released its quarterly earnings data on Monday, May 18th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.15. The firm had revenue of $435.24 million during the quarter, compared to analyst estimates of $406.07 million. Brady had a return on equity of 19.01% and a net margin of 12.93%.The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.22 earnings per share. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. On average, analysts expect that Brady Corporation will post 5.25 earnings per share for the current fiscal year.

Brady Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be given a dividend of $0.245 per share. The ex-dividend date is Friday, July 10th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.0%. Brady’s dividend payout ratio (DPR) is 22.32%.

Insider Transactions at Brady

In other news, CEO Vineet A. Nargolwala purchased 13,011 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average cost of $76.86 per share, with a total value of $1,000,025.46. Following the acquisition, the chief executive officer directly owned 52,709 shares of the company’s stock, valued at approximately $4,051,213.74. This trade represents a 32.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 15.60% of the stock is owned by corporate insiders.

About Brady

Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.