BI Asset Management Fondsmaeglerselskab A S Purchases New Holdings in Brady Corporation $BRC

BI Asset Management Fondsmaeglerselskab A S acquired a new position in Brady Corporation (NYSE:BRC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 50,903 shares of the industrial products company’s stock, valued at approximately $4,135,000.

Several other large investors have also modified their holdings of BRC. Franklin Resources Inc. lifted its stake in shares of Brady by 267.8% during the 4th quarter. Franklin Resources Inc. now owns 1,188,189 shares of the industrial products company’s stock worth $93,118,000 after acquiring an additional 865,131 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Brady by 502,257.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 452,122 shares of the industrial products company’s stock worth $35,433,000 after purchasing an additional 452,032 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Brady by 22.2% during the fourth quarter. First Trust Advisors LP now owns 1,620,931 shares of the industrial products company’s stock valued at $127,032,000 after purchasing an additional 294,818 shares during the period. Millennium Management LLC boosted its stake 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 purchasing an additional 171,535 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Brady by 37.2% in the second quarter. Qube Research & Technologies Ltd now owns 322,873 shares of the industrial products company’s stock worth $21,946,000 after purchasing an additional 87,606 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Price Performance

Shares of BRC stock opened at $84.88 on Tuesday. Brady Corporation has a twelve month low of $66.27 and a twelve month high of $99.29. The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $82.75 and a two-hundred day simple moving average of $84.14. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 19.34 and a beta of 0.62.

Brady (NYSE:BRC) last released its quarterly earnings data on Monday, May 18th. The industrial products company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.15. Brady had a return on equity of 19.01% and a net margin of 12.93%.The firm had revenue of $435.24 million during the quarter, compared to the consensus estimate of $406.07 million. During the same period in the previous year, the company posted $1.22 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. On average, analysts predict that Brady Corporation will post 5.25 EPS for the current fiscal year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a $0.245 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.98 annualized dividend and a dividend yield of 1.2%. Brady’s payout ratio is currently 22.32%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Weiss Ratings downgraded shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Sidoti raised shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Brady has a consensus rating of “Buy” and a consensus target price of $103.00.

Insider Buying and Selling at Brady

In other Brady news, CEO Vineet A. Nargolwala purchased 13,011 shares of the stock in a transaction dated Wednesday, June 10th. The stock was purchased at an average price of $76.86 per share, with a total value of $1,000,025.46. Following the transaction, the chief executive officer owned 52,709 shares of the company’s stock, valued at approximately $4,051,213.74. This trade represents a 32.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.60% of the company’s stock.

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.