Prentiss Smith & Co. Inc. Acquires 12,987 Shares of Brady Corporation $BRC

Prentiss Smith & Co. Inc. boosted its holdings in shares of Brady Corporation (NYSE:BRC) by 22.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 70,984 shares of the industrial products company’s stock after acquiring an additional 12,987 shares during the period. Brady comprises approximately 3.1% of Prentiss Smith & Co. Inc.’s holdings, making the stock its 12th largest position. Prentiss Smith & Co. Inc.’s holdings in Brady were worth $5,539,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in Brady during the 1st quarter worth $381,000. Vise Technologies Inc. bought a new position in shares of Brady during the second quarter valued at about $457,000. BTS Asset Management Inc. bought a new position in shares of Brady during the second quarter valued at about $450,000. Quantbot Technologies LP boosted its holdings in Brady by 245.8% during the second quarter. Quantbot Technologies LP now owns 19,556 shares of the industrial products company’s stock worth $1,329,000 after purchasing an additional 13,901 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Brady in the 2nd quarter worth about $423,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Brady

In other Brady news, Director Elizabeth P. Bruno sold 22,462 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $74.69, for a total transaction of $1,677,686.78. Following the completion of the transaction, the director owned 575,000 shares in the company, valued at $42,946,750. This trade represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell Shaller sold 17,130 shares of Brady stock in a transaction dated 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 owned 141,421 shares of the company’s stock, valued at $11,490,456.25. The trade was a 10.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 73,278 shares of company stock worth $5,671,221. Insiders own 15.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research report on Wednesday, October 8th. Wall Street Zen lowered Brady from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Strong Buy”.

Brady Stock Up 0.1%

Brady stock opened at $80.17 on Tuesday. The firm has a 50 day moving average price of $78.06 and a 200-day moving average price of $75.00. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. Brady Corporation has a twelve month low of $62.70 and a twelve month high of $84.03. The company has a market capitalization of $3.78 billion, a P/E ratio of 19.60 and a beta of 0.69.

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

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 9th will be paid a dividend of $0.245 per share. The ex-dividend date is Friday, January 9th. This represents a $0.98 annualized dividend and a dividend yield of 1.2%. Brady’s dividend payout ratio is presently 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.