James Investment Research Inc. Buys New Position in Brady Corporation $BRC

James Investment Research Inc. acquired a new stake in Brady Corporation (NYSE:BRC) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 9,413 shares of the industrial products company’s stock, valued at approximately $765,000.

A number of other institutional investors also recently modified their holdings of BRC. Inspire Investing LLC boosted its holdings in Brady by 15.1% in the first quarter. Inspire Investing LLC now owns 54,222 shares of the industrial products company’s stock worth $4,405,000 after acquiring an additional 7,123 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Brady by 10.4% in the first quarter. Pictet Asset Management Holding SA now owns 6,736 shares of the industrial products company’s stock valued at $547,000 after purchasing an additional 636 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Brady in the 1st quarter valued at about $1,576,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Brady during the first quarter worth $4,135,000. Finally, Dean Capital Management raised its stake in shares of Brady by 5.5% during the 4th quarter. Dean Capital Management now owns 33,846 shares of the industrial products company’s stock worth $2,653,000 after purchasing an additional 1,756 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BRC shares. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings cut shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Sidoti raised shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $103.00.

Brady Stock Performance

Brady stock opened at $91.89 on Friday. Brady Corporation has a 1-year low of $67.75 and a 1-year high of $99.29. The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $4.33 billion, a PE ratio of 20.93 and a beta of 0.61. The firm’s 50 day simple moving average is $83.72 and its 200 day simple moving average is $84.78.

Brady (NYSE:BRC) last issued its quarterly earnings results on Monday, May 18th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. The firm had revenue of $435.24 million during the quarter, compared to the consensus estimate of $406.07 million. Brady had a return on equity of 19.01% and a net margin of 12.93%.The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the company posted $1.22 EPS. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. As a group, analysts expect that Brady Corporation will post 5.25 earnings per share for the current fiscal year.

Brady Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued 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 Friday, July 10th. Brady’s dividend payout ratio (DPR) is currently 22.32%.

Insider Buying and Selling at Brady

In other news, CEO Vineet A. Nargolwala bought 13,011 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average price of $76.86 per share, for a total transaction of $1,000,025.46. Following the transaction, the chief executive officer directly owned 52,709 shares of the company’s stock, valued at $4,051,213.74. This represents a 32.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 15.60% of the company’s stock.

Brady Company 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.