Ritholtz Wealth Management lessened its stake in Brady Corporation (NYSE:BRC – Free Report) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,260 shares of the industrial products company’s stock after selling 168 shares during the quarter. Ritholtz Wealth Management’s holdings in Brady were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in Brady by 23.9% in 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 in the last quarter. Victory Capital Management Inc. increased its position in Brady by 1.2% in 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 in the last quarter. Quarry LP acquired a new stake in Brady in the 1st quarter valued at about $25,000. Hancock Whitney Corp increased its position in Brady by 14.7% in the 1st quarter. Hancock Whitney Corp now owns 3,403 shares of the industrial products company’s stock valued at $240,000 after acquiring an additional 437 shares in the last quarter. Finally, KBC Group NV increased its position in Brady by 33.7% in the 1st quarter. KBC Group NV now owns 2,391 shares of the industrial products company’s stock valued at $169,000 after acquiring an additional 602 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.
Insider Activity at Brady
In related news, Director Elizabeth P. Bruno sold 2,692 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 $205,318.84. Following the transaction, the director owned 327,023 shares of the company’s stock, valued at $24,942,044.21. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Russell Shaller sold 23,743 shares of Brady stock in a transaction that occurred 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 $10,815,855.60. The trade was a 14.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,973 shares of company stock worth $2,299,994 in the last three months. 15.60% of the stock is owned by insiders.
Analyst Ratings Changes
View Our Latest Stock Report on BRC
Brady Stock Up 0.6%
Shares of NYSE:BRC opened at $75.48 on Monday. Brady Corporation has a one year low of $62.70 and a one year high of $84.03. The company has a 50 day moving average of $76.72 and a 200-day moving average of $72.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.27. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 19.21 and a beta of 0.78.
Brady (NYSE:BRC – Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.24 by $0.02. Brady had a net margin of 12.50% and a return on equity of 19.29%. The company had revenue of $397.28 million during the quarter, compared to analysts’ expectations of $384.67 million. During the same quarter in the previous year, the company earned $1.19 EPS. Brady’s revenue was up 15.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. On average, sell-side analysts forecast that Brady Corporation will post 4.55 earnings per share for the current year.
Brady Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. Brady’s payout ratio is 24.94%.
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.
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