Boston Partners Reduces Stock Holdings in Brady Corporation $BRC

Boston Partners lowered its stake in shares of Brady Corporation (NYSE:BRC) by 87.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,516 shares of the industrial products company’s stock after selling 294,131 shares during the quarter. Boston Partners owned approximately 0.09% of Brady worth $2,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BRC. Blue Trust Inc. raised its stake in Brady by 23.9% during the 2nd quarter. Blue Trust Inc. now owns 1,037 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 200 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Brady by 1.2% during the first quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company’s stock worth $1,307,000 after purchasing an additional 215 shares during the last quarter. Quarry LP acquired a new stake in shares of Brady during the first quarter worth about $25,000. Hancock Whitney Corp lifted its holdings in shares of Brady by 14.7% in the 1st quarter. Hancock Whitney Corp now owns 3,403 shares of the industrial products company’s stock valued at $240,000 after purchasing an additional 437 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Brady by 9.0% in the 1st quarter. Natixis Advisors LLC now owns 12,042 shares of the industrial products company’s stock valued at $851,000 after purchasing an additional 991 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Insider Activity

In other news, Director Elizabeth P. Bruno sold 2,692 shares of the 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 approximately $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 accessible through this hyperlink. Also, CEO Russell Shaller sold 23,743 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $80.07, for a total value of $1,901,102.01. Following the completion of the sale, the chief executive officer directly owned 135,080 shares of the company’s stock, 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 three months. 15.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Brady Trading Down 0.9%

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 company has a current ratio of 1.88, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The stock’s 50 day simple moving average is $76.96 and its 200-day simple moving average is $73.22. The firm has a market cap of $3.51 billion, a P/E ratio of 18.97 and a beta of 0.76.

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

Brady Increases Dividend

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

Brady 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.