Brady Corporation $BRC Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of Brady Corporation (NYSE:BRC) by 23.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,906 shares of the industrial products company’s stock after purchasing an additional 4,334 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Brady were worth $1,557,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in Brady by 23.9% during the second quarter. Blue Trust Inc. now owns 1,037 shares of the industrial products company’s stock worth $70,000 after buying an additional 200 shares during the period. Victory Capital Management Inc. increased its stake in shares of Brady by 1.2% during the 1st quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company’s stock valued at $1,307,000 after acquiring an additional 215 shares during the last quarter. Quarry LP purchased a new position in shares of Brady during the 1st quarter worth about $25,000. Hancock Whitney Corp boosted its position in shares of Brady by 14.7% in the first quarter. Hancock Whitney Corp now owns 3,403 shares of the industrial products company’s stock worth $240,000 after acquiring an additional 437 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in Brady by 9.0% in the first quarter. Natixis Advisors LLC now owns 12,042 shares of the industrial products company’s stock valued at $851,000 after purchasing an additional 991 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Insider Activity

In other news, Director Elizabeth P. Bruno sold 2,538 shares of Brady stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $76.27, for a total transaction of $193,573.26. Following the sale, the director owned 597,462 shares in the company, valued at $45,568,426.74. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Russell Shaller sold 23,743 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $80.07, for a total transaction of $1,901,102.01. Following the transaction, the chief executive officer directly owned 135,080 shares in the company, valued at approximately $10,815,855.60. The trade was a 14.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 28,973 shares of company stock worth $2,299,994. Company insiders own 15.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Brady in a report on Wednesday, October 8th. Wall Street Zen lowered Brady from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, Brady currently has an average rating of “Strong Buy”.

Brady Price Performance

BRC opened at $76.97 on Thursday. The company has a 50 day moving average of $76.72 and a two-hundred day moving average of $73.33. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $84.03. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.62 billion, a P/E ratio of 19.59 and a beta of 0.76.

Brady (NYSE:BRC) last posted its earnings results on Monday, November 17th. The industrial products company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.03. Brady had a net margin of 12.50% and a return on equity of 19.29%. The business had revenue of $405.29 million for the quarter, compared to analyst estimates of $393.65 million. During the same quarter in the previous year, the business posted $1.12 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. On average, analysts expect that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Brady’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, October 10th. Brady’s payout ratio is 24.94%.

About Brady

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.