Alps Advisors Inc. Raises Stock Holdings in Brady Corporation $BRC

Alps Advisors Inc. boosted its position in shares of Brady Corporation (NYSE:BRC) by 13.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 113,220 shares of the industrial products company’s stock after buying an additional 13,804 shares during the quarter. Alps Advisors Inc. owned approximately 0.24% of Brady worth $8,835,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in shares of Brady by 30.7% during 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 purchasing an additional 274,982 shares during the period. Millennium Management LLC raised 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 valued at $13,081,000 after purchasing an additional 171,535 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in Brady by 22.1% in the 2nd quarter. Champlain Investment Partners LLC now owns 821,401 shares of the industrial products company’s stock worth $55,831,000 after buying an additional 148,471 shares during the period. Seizert Capital Partners LLC grew its position in shares of Brady by 194.8% in the 2nd quarter. Seizert Capital Partners LLC now owns 208,461 shares of the industrial products company’s stock worth $14,169,000 after buying an additional 137,748 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Brady by 37.2% during the second quarter. Qube Research & Technologies Ltd now owns 322,873 shares of the industrial products company’s stock valued at $21,946,000 after buying an additional 87,606 shares during the period. Institutional investors own 76.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BRC shares. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a 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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Insider Buying and Selling

In other news, CEO Russell Shaller sold 17,130 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $81.25, for a total transaction of $1,391,812.50. Following the completion of the transaction, the chief executive officer directly owned 141,421 shares in the company, valued at $11,490,456.25. This trade represents a 10.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brett Wilms sold 3,791 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 7,672 shares in the company, valued at approximately $599,413.36. The trade was a 33.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 73,586 shares of company stock worth $5,720,907 over the last three months. Corporate insiders own 15.60% of the company’s stock.

Brady Stock Performance

Shares of Brady stock opened at $92.48 on Monday. Brady Corporation has a 12 month low of $62.70 and a 12 month high of $94.99. The firm has a market capitalization of $4.36 billion, a P/E ratio of 22.61 and a beta of 0.63. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $82.23 and a two-hundred day simple moving average of $78.17.

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

Brady Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 9th were given 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 of this dividend was Friday, January 9th. Brady’s payout ratio is currently 23.96%.

Brady 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.