Thrivent Financial for Lutherans Cuts Stock Position in Brady Corporation $BRC

Thrivent Financial for Lutherans cut its position in Brady Corporation (NYSE:BRC) by 49.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,659 shares of the industrial products company’s stock after selling 51,920 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Brady were worth $4,109,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Brady by 380.3% during the 1st quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock worth $456,000 after acquiring an additional 5,108 shares in 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 worth $13,081,000 after purchasing an additional 171,535 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Brady by 282.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 1,214 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Brady by 7.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,953 shares of the industrial products company’s stock worth $8,968,000 after purchasing an additional 8,716 shares in the last quarter. Finally, Blue Trust Inc. grew 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 buying an additional 200 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors.

Insider Activity at Brady

In other Brady news, General Counsel Andrew Gorman sold 12,528 shares of Brady stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $80.01, for a total transaction of $1,002,365.28. Following the completion of the transaction, the general counsel owned 14,153 shares in the company, valued at approximately $1,132,381.53. This trade represents a 46.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brett Wilms sold 3,791 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $78.13, for a total value of $296,190.83. Following the completion of the sale, the insider owned 7,672 shares in the company, valued at $599,413.36. The trade was a 33.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 73,586 shares of company stock worth $5,720,907 in the last three months. Company insiders own 15.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BRC has been the subject of a number of research analyst reports. Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Brady Trading Up 1.2%

Brady stock opened at $92.48 on Friday. The stock has a 50-day moving average price of $82.23 and a 200 day moving average price of $78.11. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 22.61 and a beta of 0.63. Brady Corporation has a 52 week low of $62.70 and a 52 week high of $94.99. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.09.

Brady (NYSE:BRC) last posted its quarterly earnings results on Monday, November 17th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.03. Brady had a net margin of 12.74% and a return on equity of 19.06%. The company had revenue of $405.29 million during the quarter, compared to analyst estimates of $393.65 million. During the same period last year, the firm posted $1.12 EPS. Brady’s revenue for the quarter was up 7.5% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. Sell-side analysts anticipate that Brady Corporation will post 4.55 EPS for the current year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 9th were issued a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, January 9th. Brady’s dividend payout ratio is presently 23.96%.

Brady 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.