New York State Teachers Retirement System Has $4.53 Million Holdings in Brady Corporation $BRC

New York State Teachers Retirement System decreased its stake in Brady Corporation (NYSE:BRC) by 9.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,784 shares of the industrial products company’s stock after selling 5,698 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Brady worth $4,532,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Leonteq Securities AG acquired a new position in Brady during the 1st quarter valued at $40,000. James Investment Research Inc. acquired a new stake in Brady in the 1st quarter worth $765,000. Inspire Investing LLC grew its position in Brady by 15.1% in the 1st quarter. Inspire Investing LLC now owns 54,222 shares of the industrial products company’s stock worth $4,405,000 after purchasing an additional 7,123 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Brady by 10.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 6,736 shares of the industrial products company’s stock worth $547,000 after purchasing an additional 636 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Brady in the first quarter valued at about $1,576,000. Institutional investors own 76.28% of the company’s stock.

Insider Activity at Brady

In related news, CEO Vineet A. Nargolwala bought 13,011 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average price of $76.86 per share, for a total transaction of $1,000,025.46. Following the transaction, the chief executive officer directly owned 52,709 shares of the company’s stock, valued at $4,051,213.74. This represents a 32.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 15.60% of the stock is owned by company insiders.

Brady Price Performance

Shares of Brady stock opened at $89.39 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01. The firm’s 50-day simple moving average is $84.38 and its 200-day simple moving average is $85.05. Brady Corporation has a twelve month low of $67.75 and a twelve month high of $99.29. The firm has a market cap of $4.21 billion, a P/E ratio of 20.36 and a beta of 0.61.

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

Brady Announces Dividend

The business also recently announced 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 of this dividend is Friday, July 10th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.1%. Brady’s dividend payout ratio is presently 22.32%.

Analyst Ratings Changes

BRC has been the topic of several research reports. Weiss Ratings lowered Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Sidoti upgraded Brady from a “neutral” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $103.00.

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.