Vest Financial LLC Increases Stake in Brady Corporation $BRC

Vest Financial LLC lifted its position in Brady Corporation (NYSE:BRC) by 78.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,498 shares of the industrial products company’s stock after acquiring an additional 23,517 shares during the quarter. Vest Financial LLC owned 0.11% of Brady worth $4,174,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in Brady in the third quarter worth about $43,000. EverSource Wealth Advisors LLC raised its holdings in shares of Brady by 89.0% in the second quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock worth $46,000 after buying an additional 322 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Brady by 156.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 618 shares during the last quarter. Blue Trust Inc. boosted its holdings in Brady by 23.9% during the 2nd quarter. Blue Trust Inc. now owns 1,037 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 200 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in Brady in the 2nd quarter valued at $91,000. 76.28% of the stock is currently owned by institutional investors.

Brady Stock Performance

BRC stock opened at $85.69 on Friday. Brady Corporation has a 1-year low of $62.70 and a 1-year high of $86.37. The business has a 50-day moving average price of $80.08 and a 200 day moving average price of $76.64. The company has a market capitalization of $4.04 billion, a P/E ratio of 20.95 and a beta of 0.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.39.

Brady (NYSE:BRC) last posted its earnings results on Monday, November 17th. The industrial products company reported $1.21 EPS for the quarter, beating 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 business had revenue of $405.29 million for the quarter, compared to the consensus estimate of $393.65 million. During the same quarter last year, the firm posted $1.12 EPS. The company’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 research analysts forecast that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 9th will be given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, January 9th. Brady’s dividend payout ratio is presently 23.96%.

Insider Buying and Selling

In other Brady news, CEO Russell Shaller sold 17,130 shares of Brady stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $81.25, for a total value of $1,391,812.50. Following the transaction, the chief executive officer directly owned 141,421 shares of the company’s stock, valued at approximately $11,490,456.25. The trade was a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth P. Bruno sold 22,462 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $74.69, for a total value of $1,677,686.78. Following the transaction, the director directly owned 575,000 shares in the company, valued at $42,946,750. This represents a 3.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 73,586 shares of company stock valued at $5,720,907 over the last quarter. Insiders own 15.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BRC has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Brady in a research report on Wednesday. Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

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.