Elo Mutual Pension Insurance Co Invests $712,000 in Brady Corporation $BRC

Elo Mutual Pension Insurance Co bought a new position in shares of Brady Corporation (NYSE:BRC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,481 shares of the industrial products company’s stock, valued at approximately $712,000.

A number of other large investors have also made changes to their positions in the company. Quarry LP purchased a new position in Brady during the 1st quarter valued at about $25,000. Blue Trust Inc. lifted its stake in Brady by 23.9% in the second 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 last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brady in the 1st quarter valued at $74,000. NewEdge Advisors LLC increased its position in Brady by 282.3% during the first quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock worth $116,000 after buying an additional 1,214 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in Brady during the first quarter valued at about $159,000. Institutional investors and hedge funds own 76.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on BRC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Brady in a research note on Wednesday, October 8th. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Insider Transactions at Brady

In other news, insider Brett Wilms sold 10,894 shares of Brady stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $74.44, for a total transaction of $810,949.36. Following the sale, the insider owned 7,672 shares of the company’s stock, valued at approximately $571,103.68. This trade represents a 58.68% decrease in their position. The sale 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 business’s stock in a transaction that occurred on 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 sale, the director owned 575,000 shares in the company, valued at approximately $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 have sold a total of 93,230 shares of company stock worth $7,276,132 over the last 90 days. Insiders own 15.60% of the company’s stock.

Brady Trading Down 2.2%

Shares of Brady stock opened at $78.24 on Friday. Brady Corporation has a 1 year low of $62.70 and a 1 year high of $84.03. The company’s fifty day simple moving average is $76.55 and its 200-day simple moving average is $73.64. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 19.91 and a beta of 0.76. The company has a current ratio of 1.88, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08.

Brady (NYSE:BRC) last released its earnings results 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. The firm had revenue of $405.29 million during the quarter, compared to analysts’ expectations of $393.65 million. Brady had a net margin of 12.50% and a return on equity of 19.29%. During the same period in the prior year, the company earned $1.12 EPS. The business’s quarterly 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. As a group, sell-side analysts expect that Brady Corporation will post 4.55 EPS for the current year.

Brady Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were issued a $0.245 dividend. This is a positive change from Brady’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.98 annualized dividend and a yield of 1.3%. Brady’s payout ratio is currently 23.96%.

Brady Profile

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.