Bessemer Group Inc. Sells 8,842 Shares of Brady Corporation $BRC

Bessemer Group Inc. trimmed its stake in shares of Brady Corporation (NYSE:BRC) by 83.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,757 shares of the industrial products company’s stock after selling 8,842 shares during the quarter. Bessemer Group Inc.’s holdings in Brady were worth $142,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its holdings in Brady by 267.8% in the 4th quarter. Franklin Resources Inc. now owns 1,188,189 shares of the industrial products company’s stock worth $93,118,000 after purchasing an additional 865,131 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Brady by 502,257.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 452,122 shares of the industrial products company’s stock valued at $35,433,000 after buying an additional 452,032 shares during the period. First Trust Advisors LP raised its holdings in Brady by 22.2% in the 4th quarter. First Trust Advisors LP now owns 1,620,931 shares of the industrial products company’s stock valued at $127,032,000 after buying an additional 294,818 shares during the last quarter. Millennium Management LLC boosted its position in Brady by 1,256.9% during the 1st 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 during the period. Finally, Qube Research & Technologies Ltd grew its holdings in Brady by 37.2% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on BRC shares. Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Sidoti upgraded Brady from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $103.00.

Insider Transactions at Brady

In other news, CEO Vineet A. Nargolwala bought 13,011 shares of Brady stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average price of $76.86 per share, with a total value of $1,000,025.46. Following the completion of the purchase, the chief executive officer directly owned 52,709 shares in the company, valued at $4,051,213.74. The trade was a 32.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 15.60% of the company’s stock.

Brady Trading Up 2.3%

Shares of BRC stock opened at $96.72 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 22.03 and a beta of 0.61. Brady Corporation has a 52-week low of $69.24 and a 52-week high of $99.29. The company has a 50-day simple moving average of $88.15 and a two-hundred day simple moving average of $86.22.

Brady (NYSE:BRC) last announced its earnings results on Monday, May 18th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.15. Brady had a return on equity of 19.01% and a net margin of 12.93%.The firm had revenue of $435.24 million during the quarter, compared to analyst estimates of $406.07 million. During the same period last year, the firm posted $1.22 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Research analysts anticipate that Brady Corporation will post 5.25 EPS for the current fiscal year.

Brady Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, July 10th. Brady’s payout ratio is currently 22.32%.

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.