Brady Corporation $BRC Shares Sold by Boston Partners

Boston Partners decreased its position in Brady Corporation (NYSE:BRC) by 87.4% during the 2nd quarter, Holdings Channel reports. The fund owned 42,516 shares of the industrial products company’s stock after selling 294,131 shares during the quarter. Boston Partners’ holdings in Brady were worth $2,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Brady in the first quarter valued at about $25,000. Blue Trust Inc. raised its stake in shares of 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 buying an additional 200 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brady in the 1st quarter valued at approximately $74,000. NewEdge Advisors LLC boosted its stake in shares of Brady by 282.3% in the first quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock valued at $116,000 after buying an additional 1,214 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new position in Brady during the first quarter worth $159,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Brady news, insider Brett Wilms sold 10,894 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $74.44, for a total transaction of $810,949.36. Following the completion of the transaction, the insider owned 7,672 shares of the company’s stock, valued at approximately $571,103.68. This trade represents a 58.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Elizabeth P. Bruno sold 22,462 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $74.69, for a total value of $1,677,686.78. Following the completion of the transaction, the director directly owned 575,000 shares of the company’s stock, valued at approximately $42,946,750. This trade represents a 3.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 93,230 shares of company stock worth $7,276,132 in the last 90 days. Corporate insiders own 15.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, Brady has an average rating of “Strong Buy”.

Brady Trading Down 2.2%

NYSE:BRC opened at $78.24 on Friday. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $84.03. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $76.55 and a 200-day simple moving average of $73.63. The company has a market capitalization of $3.69 billion, a PE ratio of 19.91 and a beta of 0.76.

Brady (NYSE:BRC) last posted its earnings results on Monday, November 17th. The industrial products company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.03. The firm had revenue of $405.29 million during the quarter, compared to the consensus estimate of $393.65 million. Brady had a net margin of 12.50% and a return on equity of 19.29%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $1.12 EPS. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. On average, equities research analysts expect that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, October 10th. This is an increase from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio is currently 23.96%.

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.