QRG Capital Management Inc. Sells 7,498 Shares of Brady Corporation $BRC

QRG Capital Management Inc. cut its holdings in shares of Brady Corporation (NYSE:BRC) by 40.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,114 shares of the industrial products company’s stock after selling 7,498 shares during the period. QRG Capital Management Inc.’s holdings in Brady were worth $867,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BRC. Prentiss Smith & Co. Inc. increased its position in Brady by 22.4% during the 3rd quarter. Prentiss Smith & Co. Inc. now owns 70,984 shares of the industrial products company’s stock worth $5,539,000 after purchasing an additional 12,987 shares in the last quarter. Vise Technologies Inc. acquired a new stake in Brady in the second quarter valued at approximately $457,000. Quantbot Technologies LP grew its stake in shares of 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 buying an additional 13,901 shares during the last quarter. BTS Asset Management Inc. bought a new stake in shares of Brady during the second quarter worth $450,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Brady during the second quarter worth $423,000. Institutional investors and hedge funds own 76.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a report on Wednesday, October 8th. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, Brady presently has an average rating of “Strong Buy”.

Insider Buying and Selling at Brady

In other news, CEO Russell Shaller sold 17,130 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was 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 $11,490,456.25. The trade was a 10.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Elizabeth P. Bruno sold 22,462 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $74.69, for a total value of $1,677,686.78. Following the sale, the director directly owned 575,000 shares of the company’s stock, valued at $42,946,750. This represents a 3.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 73,586 shares of company stock valued at $5,720,907. 15.60% of the stock is owned by corporate insiders.

Brady Price Performance

Brady stock opened at $85.40 on Thursday. The stock’s 50 day moving average is $79.87 and its 200 day moving average is $76.57. Brady Corporation has a one year low of $62.70 and a one year high of $86.01. The firm has a market cap of $4.03 billion, a P/E ratio of 20.88 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 released its quarterly earnings results on Monday, November 17th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.03. The firm had revenue of $405.29 million during the quarter, compared to analyst estimates of $393.65 million. Brady had a net margin of 12.74% and a return on equity of 19.06%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 EPS. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. As a group, research analysts expect that Brady Corporation will post 4.55 EPS for the current year.

Brady Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 9th will be issued a $0.245 dividend. The ex-dividend date is Friday, January 9th. This represents a $0.98 annualized dividend and a yield of 1.1%. Brady’s 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.