Brady Corporation $BRC Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC lifted its stake in shares of Brady Corporation (NYSE:BRC) by 67.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,675 shares of the industrial products company’s stock after purchasing an additional 12,738 shares during the period. Voya Investment Management LLC owned 0.07% of Brady worth $2,238,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Brady during the 1st quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Brady during the 1st quarter valued at approximately $74,000. NewEdge Advisors LLC raised its position in shares of Brady by 282.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock valued at $116,000 after buying an additional 1,214 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of Brady during the 1st quarter valued at approximately $159,000. Finally, KBC Group NV raised its position in shares of Brady by 33.7% during the 1st quarter. KBC Group NV now owns 2,391 shares of the industrial products company’s stock valued at $169,000 after buying an additional 602 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Insider Buying and Selling at Brady

In other news, CEO Russell Shaller sold 23,743 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $80.07, for a total transaction of $1,901,102.01. Following the sale, the chief executive officer owned 135,080 shares of the company’s stock, valued at approximately $10,815,855.60. This represents a 14.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 15.60% of the company’s stock.

Brady Stock Down 2.1%

Shares of NYSE BRC opened at $80.06 on Monday. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 20.37 and a beta of 0.83. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.08. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $84.03. The business’s 50 day moving average is $74.25 and its two-hundred day moving average is $71.28.

Brady (NYSE:BRC) last announced its earnings results on Thursday, September 4th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.02. The company had revenue of $397.28 million for the quarter, compared to analyst estimates 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 previous year, the company earned $1.19 earnings per share. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Research analysts predict that Brady Corporation will post 4.55 EPS for the current year.

Brady Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus 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.