Brady Corporation $BRC Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of Brady Corporation (NYSE:BRC) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,329 shares of the industrial products company’s stock after selling 5,736 shares during the period. Principal Financial Group Inc. owned 0.44% of Brady worth $16,256,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bryn Mawr Trust Advisors LLC purchased a new position in Brady during the third quarter worth approximately $255,000. AlphaQuest LLC increased its holdings in shares of Brady by 173.8% during the 3rd quarter. AlphaQuest LLC now owns 20,781 shares of the industrial products company’s stock worth $1,622,000 after buying an additional 13,190 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Brady in the 3rd quarter worth $253,000. CIBC Asset Management Inc acquired a new position in Brady in the third quarter valued at $204,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings in Brady by 24.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 8,718 shares of the industrial products company’s stock valued at $680,000 after acquiring an additional 1,728 shares during the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Price Performance

Shares of BRC stock opened at $92.95 on Tuesday. The company has a market capitalization of $4.39 billion, a PE ratio of 22.73 and a beta of 0.63. The firm has a fifty day simple moving average of $82.52 and a 200-day simple moving average of $78.33. 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 Corporation has a twelve month low of $62.70 and a twelve month high of $94.99.

Brady (NYSE:BRC) last issued 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. The business had revenue of $405.29 million for the quarter, compared to analysts’ expectations of $393.65 million. Brady had a net margin of 12.74% and a return on equity of 19.06%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. Equities research analysts anticipate that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, January 9th. Brady’s payout ratio is presently 23.96%.

Insider Activity at Brady

In related news, General Counsel Andrew Gorman sold 12,528 shares of the business’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 transaction of $1,002,365.28. Following the transaction, the general counsel directly owned 14,153 shares of the company’s stock, valued at approximately $1,132,381.53. The trade was a 46.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Russell Shaller sold 17,130 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $81.25, for a total value of $1,391,812.50. Following the sale, the chief executive officer owned 141,421 shares of the company’s stock, valued at approximately $11,490,456.25. This represents a 10.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 73,586 shares of company stock valued at $5,720,907 over the last ninety days. Company insiders own 15.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, Brady has a consensus rating of “Strong Buy”.

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.