Brady Corporation $BRC Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its holdings in Brady Corporation (NYSE:BRC) by 13.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,326,113 shares of the industrial products company’s stock after buying an additional 156,868 shares during the quarter. First Trust Advisors LP owned about 2.82% of Brady worth $103,477,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in Brady by 380.3% during the 1st quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock worth $456,000 after acquiring an additional 5,108 shares during the period. Millennium Management LLC increased its holdings in shares of Brady by 1,256.9% during the first quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock valued at $13,081,000 after purchasing an additional 171,535 shares during the period. NewEdge Advisors LLC raised 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 valued at $116,000 after purchasing an additional 1,214 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Brady by 7.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,953 shares of the industrial products company’s stock worth $8,968,000 after purchasing an additional 8,716 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Brady by 23.3% in the second quarter. Envestnet Asset Management Inc. now owns 22,906 shares of the industrial products company’s stock worth $1,557,000 after purchasing an additional 4,334 shares during the period. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Brett Wilms sold 3,791 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $78.13, for a total transaction of $296,190.83. Following the completion of the sale, the insider owned 7,672 shares in the company, valued at approximately $599,413.36. This represents a 33.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Thomas F. Debruine sold 5,538 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $81.00, for a total value of $448,578.00. Following the sale, the chief operating officer owned 10,181 shares of the company’s stock, valued at $824,661. This trade represents a 35.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 15.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Brady from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Brady currently has a consensus rating of “Strong Buy”.

Brady Trading Up 0.2%

Shares of BRC stock opened at $89.82 on Monday. The stock has a 50-day simple moving average of $87.53 and a 200 day simple moving average of $81.22. The stock has a market capitalization of $4.24 billion, a P/E ratio of 21.04 and a beta of 0.60. Brady Corporation has a fifty-two week low of $62.70 and a fifty-two week high of $99.29. The company has a quick ratio of 1.40, a current ratio of 2.13 and a debt-to-equity ratio of 0.06.

Brady (NYSE:BRC) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.09 EPS for the quarter, hitting the consensus estimate of $1.09. Brady had a net margin of 13.01% and a return on equity of 18.62%. The firm had revenue of $384.14 million for the quarter, compared to analysts’ expectations of $376.14 million. During the same period in the previous year, the business earned $1.00 earnings per share. Brady’s revenue for the quarter was up 7.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.950-5.150 EPS. On average, sell-side analysts expect that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $0.98 annualized dividend and a yield of 1.1%. Brady’s dividend payout ratio is currently 22.95%.

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.