First Trust Advisors LP Has $135.51 Million Stock Holdings in Brady Corporation $BRC

First Trust Advisors LP raised its holdings in shares of Brady Corporation (NYSE:BRC) by 2.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,668,027 shares of the industrial products company’s stock after acquiring an additional 47,096 shares during the period. First Trust Advisors LP’s holdings in Brady were worth $135,511,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BRC. PNC Financial Services Group Inc. boosted its position in shares of Brady by 20.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,457 shares of the industrial products company’s stock worth $200,000 after purchasing an additional 419 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Brady by 10.2% during the first quarter. Parallel Advisors LLC now owns 2,102 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 195 shares during the period. SEB Asset Management AB bought a new stake in Brady in the first quarter valued at about $1,701,000. Swiss National Bank lifted its stake in Brady by 0.5% in the first quarter. Swiss National Bank now owns 86,300 shares of the industrial products company’s stock valued at $7,011,000 after buying an additional 400 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its stake in Brady by 1.0% in the first quarter. Illinois Municipal Retirement Fund now owns 23,400 shares of the industrial products company’s stock valued at $1,901,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Trading Up 0.2%

BRC opened at $93.53 on Friday. The stock has a market capitalization of $4.41 billion, a P/E ratio of 21.31 and a beta of 0.61. The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. Brady Corporation has a 12 month low of $69.24 and a 12 month high of $99.29. The firm’s fifty day simple moving average is $87.43 and its 200 day simple moving average is $86.01.

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

Brady Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued 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 presently 22.32%.

Insider Transactions at Brady

In other news, CEO Vineet A. Nargolwala bought 13,011 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average price of $76.86 per share, with a total value of $1,000,025.46. Following the transaction, the chief executive officer owned 52,709 shares in the company, valued at $4,051,213.74. This represents a 32.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 15.60% of the company’s stock.

Analyst Ratings Changes

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

Brady Company Profile

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.