William Blair Investment Management LLC cut its holdings in Brady Corporation (NYSE:BRC – Free Report) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 412,990 shares of the industrial products company’s stock after selling 33,907 shares during the quarter. William Blair Investment Management LLC’s holdings in Brady were worth $28,071,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Blue Trust Inc. grew its position in shares of 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 purchasing an additional 200 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Brady by 1.2% in the first quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company’s stock valued at $1,307,000 after purchasing an additional 215 shares during the last quarter. Quarry LP acquired a new stake in shares of Brady in the first quarter valued at approximately $25,000. Hancock Whitney Corp grew 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 valued at $240,000 after purchasing an additional 437 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Brady by 33.7% in the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company’s stock valued at $169,000 after purchasing an additional 602 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, CEO Russell Shaller sold 23,743 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $80.07, for a total value of $1,901,102.01. Following the transaction, the chief executive officer owned 135,080 shares of the company’s stock, valued at approximately $10,815,855.60. This trade represents a 14.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth P. Bruno sold 2,692 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 327,023 shares in the company, valued at approximately $24,942,044.21. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,973 shares of company stock worth $2,299,994. 15.60% of the stock is currently owned by insiders.
Brady Stock Performance
Brady (NYSE:BRC – Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.02. The company had revenue of $397.28 million for the quarter, compared to the consensus estimate of $384.67 million. Brady had a net margin of 12.50% and a return on equity of 19.29%. Brady’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 earnings per share. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Analysts expect that Brady Corporation will post 4.55 EPS for the current year.
Brady Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be paid a dividend of $0.245 per share. This is an increase from Brady’s previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 10th. Brady’s payout ratio is 24.94%.
Wall Street Analyst Weigh In
BRC has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, Brady currently has an average rating of “Strong Buy”.
Check Out Our Latest Analysis on Brady
Brady Company 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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