Maryland State Retirement & Pension System Cuts Position in Brady Corporation $BRC

Maryland State Retirement & Pension System lessened its position in Brady Corporation (NYSE:BRC) by 51.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,293 shares of the industrial products company’s stock after selling 6,613 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Brady were worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BRC. First Trust Advisors LP increased its position in shares of Brady by 30.7% during the 2nd quarter. First Trust Advisors LP now owns 1,169,245 shares of the industrial products company’s stock valued at $79,474,000 after purchasing an additional 274,982 shares during the last quarter. Millennium Management LLC boosted its stake in Brady by 1,256.9% in the first quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock worth $13,081,000 after buying an additional 171,535 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in Brady by 22.1% in the second quarter. Champlain Investment Partners LLC now owns 821,401 shares of the industrial products company’s stock worth $55,831,000 after buying an additional 148,471 shares in the last quarter. Seizert Capital Partners LLC grew its position in Brady by 194.8% during the second quarter. Seizert Capital Partners LLC now owns 208,461 shares of the industrial products company’s stock valued at $14,169,000 after acquiring an additional 137,748 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Brady by 37.2% during the second quarter. Qube Research & Technologies Ltd now owns 322,873 shares of the industrial products company’s stock worth $21,946,000 after acquiring an additional 87,606 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

Brady Stock Performance

Brady stock opened at $84.38 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.98 billion, a P/E ratio of 20.63 and a beta of 0.65. Brady Corporation has a 1-year low of $62.70 and a 1-year high of $86.36. The firm has a 50-day moving average of $80.27 and a 200-day moving average of $76.74.

Brady (NYSE:BRC) last released its quarterly earnings results on Monday, November 17th. The industrial products company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.03. Brady had a return on equity of 19.06% and a net margin of 12.74%.The business had revenue of $405.29 million during the quarter, compared to analyst estimates of $393.65 million. During the same quarter in the prior year, the company posted $1.12 EPS. Brady’s quarterly 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. Sell-side analysts expect that Brady Corporation will post 4.55 EPS for the current year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 9th will be paid a $0.245 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.98 dividend on an annualized basis and a yield of 1.2%. Brady’s dividend payout ratio (DPR) is presently 23.96%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, Brady presently has a consensus rating of “Strong Buy”.

Insiders Place Their Bets

In other news, COO Thomas F. Debruine sold 5,538 shares of Brady stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $81.00, for a total transaction of $448,578.00. Following the sale, the chief operating officer owned 10,181 shares of the company’s stock, valued at approximately $824,661. The trade was a 35.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Andrew Gorman sold 12,528 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $80.01, for a total transaction of $1,002,365.28. Following the transaction, the general counsel owned 14,153 shares in the company, valued at $1,132,381.53. This represents a 46.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 73,586 shares of company stock valued at $5,720,907 over the last quarter. 15.60% of the stock is owned by company insiders.

About Brady

Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.