State of Alaska Department of Revenue Raises Stock Holdings in Brady Corporation $BRC

State of Alaska Department of Revenue lifted its holdings in shares of Brady Corporation (NYSE:BRC) by 6.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,047 shares of the industrial products company’s stock after acquiring an additional 1,543 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Brady worth $1,770,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dakota Wealth Management purchased a new stake in Brady in the second quarter worth $211,000. Diversified Trust Co increased its position in Brady by 15.7% in the second quarter. Diversified Trust Co now owns 15,505 shares of the industrial products company’s stock worth $1,054,000 after buying an additional 2,100 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Brady by 25.7% in the second quarter. Assenagon Asset Management S.A. now owns 44,598 shares of the industrial products company’s stock worth $3,031,000 after buying an additional 9,124 shares during the last quarter. Gallacher Capital Management LLC purchased a new stake in Brady in the second quarter worth $242,000. Finally, Voya Investment Management LLC increased its position in Brady by 67.3% in the first quarter. Voya Investment Management LLC now owns 31,675 shares of the industrial products company’s stock worth $2,238,000 after buying an additional 12,738 shares during the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Brady

In related news, CEO Russell Shaller sold 23,743 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 135,080 shares in the company, valued at $10,815,855.60. The trade was a 14.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 15.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BRC shares. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research report on Saturday, September 27th. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Brady Price Performance

NYSE:BRC opened at $78.31 on Friday. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 19.93 and a beta of 0.78. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $84.03. The stock has a fifty day moving average of $76.01 and a 200 day moving average of $71.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.88.

Brady (NYSE:BRC) last issued its quarterly earnings results on Thursday, September 4th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.02. Brady had a return on equity of 19.29% and a net margin of 12.50%.The firm had revenue of $397.28 million during the quarter, compared to analyst estimates of $384.67 million. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s revenue was up 15.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. On average, research analysts expect that Brady Corporation will post 4.55 EPS for the current fiscal 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 issued a $0.245 dividend. This is an increase from Brady’s previous quarterly dividend of $0.24. This represents a $0.98 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, October 10th. Brady’s dividend payout ratio (DPR) is presently 24.43%.

Brady 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.