Aurora Investment Counsel Lowers Stock Position in Brady Corporation $BRC

Aurora Investment Counsel lessened its stake in Brady Corporation (NYSE:BRC) by 31.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 21,823 shares of the industrial products company’s stock after selling 9,785 shares during the quarter. Aurora Investment Counsel’s holdings in Brady were worth $1,773,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its position in shares of Brady by 24.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 150,344 shares of the industrial products company’s stock valued at $11,782,000 after purchasing an additional 29,220 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Brady by 20.1% in the 4th quarter. Teacher Retirement System of Texas now owns 91,292 shares of the industrial products company’s stock worth $7,155,000 after buying an additional 15,283 shares during the last quarter. Inspire Investing LLC boosted its stake in Brady by 15.1% in the first quarter. Inspire Investing LLC now owns 54,222 shares of the industrial products company’s stock worth $4,405,000 after buying an additional 7,123 shares in the last quarter. Royce & Associates LP boosted its stake in Brady by 9.8% in the fourth quarter. Royce & Associates LP now owns 740,635 shares of the industrial products company’s stock worth $58,044,000 after buying an additional 66,387 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Brady during the first quarter valued at approximately $4,135,000. Institutional investors own 76.28% of the company’s stock.

Brady Price Performance

BRC opened at $93.69 on Friday. 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 stock has a market capitalization of $4.41 billion, a PE ratio of 21.34 and a beta of 0.61. The stock’s 50 day moving average price is $85.86 and its 200-day moving average price is $85.56. Brady Corporation has a 52-week low of $68.11 and a 52-week high of $99.29.

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

Brady Dividend Announcement

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 paid a dividend of $0.245 per share. 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 1.0%. Brady’s payout ratio is presently 22.32%.

Insider Transactions at Brady

In related news, CEO Vineet A. Nargolwala acquired 13,011 shares of the stock in a transaction on Wednesday, June 10th. The stock was acquired at an average cost of $76.86 per share, for a total transaction of $1,000,025.46. Following the completion of the acquisition, the chief executive officer directly owned 52,709 shares of the company’s stock, valued at approximately $4,051,213.74. This represents a 32.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

About Brady

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.