Rhumbline Advisers Has $4.26 Million Stake in Brady Corporation $BRC

Rhumbline Advisers trimmed its position in shares of Brady Corporation (NYSE:BRC) by 3.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,354 shares of the industrial products company’s stock after selling 2,181 shares during the quarter. Rhumbline Advisers owned 0.13% of Brady worth $4,263,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. KBC Group NV grew its holdings in Brady by 33.7% during the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company’s stock worth $169,000 after buying an additional 602 shares in the last quarter. Bessemer Group Inc. grew its holdings in Brady by 68.9% during the first quarter. Bessemer Group Inc. now owns 11,011 shares of the industrial products company’s stock worth $779,000 after buying an additional 4,490 shares in the last quarter. GAMMA Investing LLC grew its holdings in Brady by 7,044.2% during the first quarter. GAMMA Investing LLC now owns 138,454 shares of the industrial products company’s stock worth $9,780,000 after buying an additional 136,516 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Brady by 10.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 498,670 shares of the industrial products company’s stock worth $35,226,000 after buying an additional 48,522 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Brady by 22.3% during the fourth quarter. Deutsche Bank AG now owns 3,270 shares of the industrial products company’s stock worth $241,000 after buying an additional 597 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

Brady Trading Down 0.6%

Shares of Brady stock opened at $79.42 on Monday. Brady Corporation has a 1 year low of $62.70 and a 1 year high of $84.03. The firm has a market cap of $3.74 billion, a PE ratio of 20.21 and a beta of 0.83. The stock has a fifty day moving average price of $73.09 and a 200-day moving average price of $70.92. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.27.

Brady (NYSE:BRC) last posted its quarterly earnings results on Thursday, September 4th. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.02. The company had revenue of $397.28 million during the quarter, compared to the consensus estimate of $384.67 million. Brady had a return on equity of 19.29% and a net margin of 12.50%.The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.19 EPS. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Equities research analysts anticipate that Brady Corporation will post 4.55 EPS for the current year.

Brady Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio is currently 24.43%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BRC. Sidoti upgraded Brady to a “strong-buy” rating in a report on Monday, May 19th. Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Brady has an average rating of “Strong Buy”.

Brady Company Profile

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.