JPMorgan Chase & Co. Sells 6,315 Shares of Brady Corporation $BRC

JPMorgan Chase & Co. reduced its stake in shares of Brady Corporation (NYSE:BRC) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,977 shares of the industrial products company’s stock after selling 6,315 shares during the period. JPMorgan Chase & Co. owned 0.23% of Brady worth $8,582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake 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 boosted its position in shares of 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 purchasing an additional 171,535 shares during the period. NewEdge Advisors LLC boosted its position in shares of Brady by 282.3% in the first 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Brady during the 2nd quarter valued at $282,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Brady news, COO Thomas F. Debruine sold 5,538 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $81.00, for a total transaction of $448,578.00. Following the completion of the transaction, the chief operating officer owned 10,181 shares in the company, valued at $824,661. This trade represents a 35.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 15.60% of the company’s stock.

Brady Price Performance

BRC stock opened at $80.58 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.40 and a current ratio of 2.13. The company’s fifty day moving average price is $88.48 and its 200-day moving average price is $81.86. Brady Corporation has a one year low of $62.70 and a one year high of $99.29. The company has a market capitalization of $3.81 billion, a PE ratio of 18.87 and a beta of 0.60.

Brady (NYSE:BRC) last announced its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.09. Brady had a net margin of 13.01% and a return on equity of 18.62%. The company had revenue of $384.14 million for the quarter, compared to the consensus estimate of $376.14 million. During the same period in the previous year, the firm posted $1.00 EPS. 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, equities analysts anticipate that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be given a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, April 9th. Brady’s payout ratio is currently 22.95%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a research note on Wednesday, January 21st. Wall Street Zen cut Brady from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Brady Company Profile

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.