Boston Partners Decreases Stake in Brady Corporation $BRC

Boston Partners cut its stake in shares of Brady Corporation (NYSE:BRC) by 87.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,516 shares of the industrial products company’s stock after selling 294,131 shares during the quarter. Boston Partners owned approximately 0.09% of Brady worth $2,988,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in Brady in the first quarter worth approximately $25,000. Blue Trust Inc. raised its holdings in shares of Brady by 23.9% in the 2nd 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 purchased a new stake in shares of Brady during the 1st quarter worth $74,000. NewEdge Advisors LLC lifted 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 worth $116,000 after purchasing an additional 1,214 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Brady during the first quarter worth $159,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Brady

In other Brady news, CEO Russell Shaller sold 23,743 shares of Brady stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $80.07, for a total value of $1,901,102.01. Following the transaction, the chief executive officer directly owned 135,080 shares in the company, valued at approximately $10,815,855.60. The trade was a 14.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brett Wilms sold 10,894 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $74.44, for a total transaction of $810,949.36. Following the sale, the insider owned 7,672 shares of the company’s stock, valued at $571,103.68. This trade represents a 58.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 93,230 shares of company stock valued at $7,276,132. Company insiders own 15.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BRC. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research report 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Brady Stock Down 2.2%

Brady stock opened at $78.24 on Friday. The company has a market capitalization of $3.69 billion, a P/E ratio of 19.91 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 fifty-two week low of $62.70 and a fifty-two week high of $84.03. The stock has a 50-day simple moving average of $76.55 and a 200-day simple moving average of $73.63.

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

Brady Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were given a $0.245 dividend. This is a positive change from Brady’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, October 10th. This represents a $0.98 annualized dividend and a yield of 1.3%. Brady’s payout ratio is currently 23.96%.

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.