Fifth Third Bancorp Grows Holdings in Brady Corporation $BRC

Fifth Third Bancorp raised its stake in Brady Corporation (NYSE:BRC) by 318.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,673 shares of the industrial products company’s stock after acquiring an additional 11,165 shares during the period. Fifth Third Bancorp’s holdings in Brady were worth $1,192,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BRC. Global Retirement Partners LLC lifted its stake in shares of Brady by 42.4% in the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 134 shares during the period. Richardson Financial Services Inc. raised its stake in Brady by 72.1% during the fourth quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 163 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Brady by 0.9% in the 4th quarter. State of Alaska Department of Revenue now owns 24,772 shares of the industrial products company’s stock worth $1,941,000 after buying an additional 233 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Brady by 0.9% in the 2nd quarter. Raymond James Financial Inc. now owns 26,093 shares of the industrial products company’s stock worth $1,774,000 after buying an additional 238 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Brady by 3.4% in the 3rd quarter. Amundi now owns 8,135 shares of the industrial products company’s stock worth $617,000 after acquiring an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BRC shares. Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Sidoti raised 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. Finally, Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $103.00.

Brady Trading Up 1.0%

NYSE BRC opened at $94.59 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.01 and a quick ratio of 1.36. The firm’s 50-day moving average is $87.90 and its two-hundred day moving average is $86.07. Brady Corporation has a 12 month low of $69.24 and a 12 month high of $99.29. The stock has a market capitalization of $4.46 billion, a P/E ratio of 21.55 and a beta of 0.61.

Brady (NYSE:BRC) last issued its quarterly earnings data 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. Brady had a return on equity of 19.01% and a net margin of 12.93%.The business had revenue of $435.24 million during the quarter, compared to analysts’ expectations of $406.07 million. During the same period in the previous year, the firm posted $1.22 earnings per share. The company’s 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, sell-side analysts anticipate that Brady Corporation will post 5.25 earnings per share for the current year.

Brady Dividend Announcement

The company also recently disclosed 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. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, July 10th. Brady’s dividend payout ratio (DPR) is presently 22.32%.

Insider Buying and Selling

In other news, CEO Vineet A. Nargolwala bought 13,011 shares of Brady stock in a transaction dated Wednesday, June 10th. The stock was acquired at an average cost of $76.86 per share, with a total value of $1,000,025.46. Following the acquisition, 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 legal filing with the SEC, which is accessible through this link. 15.60% of the stock is owned by corporate insiders.

Brady Company 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.