Thrivent Financial for Lutherans Decreases Stock Holdings in Brady Corporation $BRC

Thrivent Financial for Lutherans lowered its holdings in shares of Brady Corporation (NYSE:BRC) by 49.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,659 shares of the industrial products company’s stock after selling 51,920 shares during the quarter. Thrivent Financial for Lutherans owned 0.11% of Brady worth $4,109,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP grew its position in Brady by 30.7% in the second quarter. First Trust Advisors LP now owns 1,169,245 shares of the industrial products company’s stock worth $79,474,000 after acquiring an additional 274,982 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in shares of Brady by 22.1% in the 2nd quarter. Champlain Investment Partners LLC now owns 821,401 shares of the industrial products company’s stock valued at $55,831,000 after purchasing an additional 148,471 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Brady by 15.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 524,913 shares of the industrial products company’s stock worth $36,047,000 after purchasing an additional 71,291 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of Brady by 37.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 322,873 shares of the industrial products company’s stock worth $21,946,000 after purchasing an additional 87,606 shares during the period. Finally, Seizert Capital Partners LLC increased its position in shares of Brady by 194.8% during the 2nd quarter. Seizert Capital Partners LLC now owns 208,461 shares of the industrial products company’s stock valued at $14,169,000 after purchasing an additional 137,748 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BRC. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Brady Trading Up 1.2%

NYSE BRC opened at $92.48 on Friday. The stock has a market cap of $4.36 billion, a PE ratio of 22.61 and a beta of 0.63. The company’s 50-day moving average price is $82.23 and its 200-day moving average price is $78.11. Brady Corporation has a 12 month low of $62.70 and a 12 month high of $94.99. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09.

Brady (NYSE:BRC) last announced its quarterly earnings results on Monday, November 17th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.03. The firm had revenue of $405.29 million during the quarter, compared to analyst estimates of $393.65 million. Brady had a return on equity of 19.06% and a net margin of 12.74%.Brady’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. Equities research analysts forecast that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 9th were issued a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, January 9th. Brady’s payout ratio is presently 23.96%.

Insider Buying and Selling

In other news, General Counsel Andrew Gorman sold 12,528 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $80.01, for a total value of $1,002,365.28. Following the completion of the sale, the general counsel owned 14,153 shares of the company’s stock, valued at approximately $1,132,381.53. This represents a 46.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Thomas F. Debruine sold 5,538 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $81.00, for a total transaction of $448,578.00. Following the transaction, the chief operating officer owned 10,181 shares in the company, valued at approximately $824,661. This represents a 35.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 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.