Brady Corporation $BRC Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Brady Corporation (NYSE:BRC) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,239 shares of the industrial products company’s stock after purchasing an additional 656 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Brady were worth $764,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quarry LP acquired a new stake in Brady in the 1st quarter valued at $25,000. Blue Trust Inc. lifted its holdings in Brady by 23.9% during the second quarter. Blue Trust Inc. now owns 1,037 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 200 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brady in the first quarter valued at about $74,000. NewEdge Advisors LLC increased its stake in shares of Brady by 282.3% during the first quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Brady during the 1st quarter worth about $159,000. 76.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Brett Wilms sold 10,894 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $74.44, for a total value of $810,949.36. Following the completion of the transaction, the insider directly owned 7,672 shares in the company, valued at approximately $571,103.68. This represents a 58.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Russell Shaller sold 23,743 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $80.07, for a total value of $1,901,102.01. Following the sale, the chief executive officer directly owned 135,080 shares of the company’s stock, valued at approximately $10,815,855.60. This trade represents a 14.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 63,572 shares of company stock valued at $4,881,955 in the last 90 days. Company insiders own 15.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BRC. Wall Street Zen cut Brady from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brady in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, Brady presently has an average rating of “Strong Buy”.

Brady Stock Performance

Shares of Brady stock opened at $78.87 on Tuesday. The business’s 50 day moving average price is $76.60 and its 200 day moving average price is $73.47. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 20.07 and a beta of 0.76. 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 Corporation has a one year low of $62.70 and a one year high of $84.03.

Brady (NYSE:BRC) last issued its earnings results on Monday, November 17th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.03. The business had revenue of $405.29 million during the quarter, compared to the consensus estimate of $393.65 million. Brady had a return on equity of 19.29% and a net margin of 12.50%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. On average, research analysts predict that Brady Corporation will post 4.55 EPS for the current year.

Brady Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were issued a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio (DPR) is presently 23.96%.

About Brady

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.