Blue Trust Inc. Raises Position in Brady Corporation $BRC

Blue Trust Inc. lifted its holdings in shares of Brady Corporation (NYSE:BRC) by 23.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,037 shares of the industrial products company’s stock after acquiring an additional 200 shares during the quarter. Blue Trust Inc.’s holdings in Brady were worth $70,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BRC. Neuberger Berman Group LLC increased its position in shares of Brady by 196.6% during the first quarter. Neuberger Berman Group LLC now owns 1,614,375 shares of the industrial products company’s stock valued at $114,039,000 after acquiring an additional 1,070,000 shares during the last quarter. Champlain Investment Partners LLC increased its position in shares of Brady by 63.9% during the first quarter. Champlain Investment Partners LLC now owns 672,930 shares of the industrial products company’s stock valued at $47,536,000 after acquiring 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 during 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 during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Brady during the first quarter valued at approximately $6,775,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on BRC shares. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Insider Buying and Selling at Brady

In related news, CEO Russell Shaller sold 23,743 shares of Brady 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 of the company’s stock, valued at approximately $10,815,855.60. This trade represents a 14.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth P. Bruno sold 2,538 shares of Brady stock in a transaction on Monday, October 6th. The shares were sold at an average price of $76.27, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold 28,973 shares of company stock valued at $2,299,994 in the last three months. 15.60% of the stock is owned by corporate insiders.

Brady Price Performance

Brady stock opened at $75.48 on Friday. Brady Corporation has a one year low of $62.70 and a one year high of $84.03. The business has a fifty day moving average price of $76.72 and a 200-day moving average price of $71.99. 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 $3.55 billion, a P/E ratio of 19.21 and a beta of 0.78.

Brady (NYSE:BRC) last posted its quarterly earnings results on Thursday, September 4th. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.02. Brady had a return on equity of 19.29% and a net margin of 12.50%.The firm had revenue of $397.28 million during the quarter, compared to analyst estimates of $384.67 million. During the same period last year, the company earned $1.19 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. As a group, equities research analysts forecast that Brady Corporation will post 4.55 EPS for the current year.

Brady Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be paid a dividend of $0.245 per share. This is a positive change from Brady’s previous quarterly dividend of $0.24. This represents a $0.98 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 10th. Brady’s dividend payout ratio is 24.94%.

Brady Company 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.