9,377 Shares in Brady Corporation $BRC Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new stake in Brady Corporation (NYSE:BRC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,377 shares of the industrial products company’s stock, valued at approximately $637,000.

Several other institutional investors have also recently made changes to their positions in BRC. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Brady by 65.0% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 6,238 shares of the industrial products company’s stock worth $424,000 after acquiring an additional 2,458 shares during the period. Teacher Retirement System of Texas increased its position in shares of Brady by 3.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 84,767 shares of the industrial products company’s stock worth $5,762,000 after purchasing an additional 2,676 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Brady in the 2nd quarter valued at about $475,000. Bessemer Group Inc. lifted its position in Brady by 28.6% in the second quarter. Bessemer Group Inc. now owns 14,155 shares of the industrial products company’s stock valued at $963,000 after buying an additional 3,144 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Brady by 23.3% during the second quarter. Envestnet Asset Management Inc. now owns 22,906 shares of the industrial products company’s stock worth $1,557,000 after buying an additional 4,334 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Insider Activity 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 value of $205,318.84. Following the sale, the director directly owned 327,023 shares of the company’s stock, valued at approximately $24,942,044.21. This represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 sale, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,973 shares of company stock valued at $2,299,994 in the last quarter. 15.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BRC has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a report on Wednesday, October 8th. Wall Street Zen cut Brady from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Brady Stock Down 0.9%

Shares of NYSE BRC opened at $74.54 on Friday. Brady Corporation has a 12-month low of $62.70 and a 12-month high of $84.03. The stock has a market cap of $3.51 billion, a P/E ratio of 18.97 and a beta of 0.76. The company has a current ratio of 1.88, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $76.96 and its 200-day simple moving average is $73.22.

Brady (NYSE:BRC) last issued 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 company had revenue of $397.28 million for the quarter, compared to the consensus estimate of $384.67 million. Brady had a return on equity of 19.29% and a net margin of 12.50%.Brady’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 EPS. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. As a group, equities analysts predict that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Increases Dividend

The company also recently declared 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 an increase from Brady’s previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, October 10th. Brady’s payout ratio is presently 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.