Envestnet Asset Management Inc. Raises Stake in Brady Corporation $BRC

Envestnet Asset Management Inc. lifted its holdings in shares of Brady Corporation (NYSE:BRC) by 30.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,910 shares of the industrial products company’s stock after purchasing an additional 7,004 shares during the period. Envestnet Asset Management Inc. owned about 0.06% of Brady worth $2,334,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Quent Capital LLC bought a new position in shares of Brady in the third quarter worth approximately $43,000. EverSource Wealth Advisors LLC grew its holdings in Brady by 89.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 322 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Brady by 156.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 618 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of Brady in the second quarter valued at about $91,000. Finally, 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 acquiring an additional 1,214 shares during the last quarter. 76.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Brady Trading Up 0.4%

Shares of NYSE BRC opened at $92.13 on Friday. The company has a market cap of $4.35 billion, a PE ratio of 21.58 and a beta of 0.63. 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 firm’s 50 day moving average price is $86.25 and its 200-day moving average price is $80.31. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $99.29.

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

Brady Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Brady’s payout ratio is presently 22.95%.

Insider Buying and Selling

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

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.