Caitong International Asset Management Co. Ltd Cuts Stock Holdings in Brady Corporation $BRC

Caitong International Asset Management Co. Ltd trimmed its position in shares of Brady Corporation (NYSE:BRC) by 62.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 391 shares of the industrial products company’s stock after selling 652 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Brady were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in BRC. Blue Trust Inc. increased its position in shares of Brady by 23.9% during the second quarter. Blue Trust Inc. now owns 1,037 shares of the industrial products company’s stock valued at $70,000 after buying an additional 200 shares during the period. Victory Capital Management Inc. raised its holdings in Brady by 1.2% in the first quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company’s stock worth $1,307,000 after purchasing an additional 215 shares in the last quarter. Quarry LP bought a new position in Brady in the first quarter worth $25,000. Hancock Whitney Corp boosted its position in shares of Brady by 14.7% during the first quarter. Hancock Whitney Corp now owns 3,403 shares of the industrial products company’s stock valued at $240,000 after buying an additional 437 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Brady by 33.7% during the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company’s stock valued at $169,000 after buying an additional 602 shares during the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on BRC. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Insider Activity at Brady

In related news, Director Elizabeth P. Bruno sold 2,538 shares of Brady stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $76.27, for a total transaction of $193,573.26. Following the sale, the director owned 597,462 shares of the company’s stock, valued at approximately $45,568,426.74. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed 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 shares were sold at an average price of $80.07, for a total value of $1,901,102.01. Following the sale, the chief executive officer directly owned 135,080 shares in the company, valued at $10,815,855.60. This trade represents 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 corporate insiders.

Brady Stock Up 1.0%

NYSE BRC opened at $79.27 on Monday. The stock’s 50-day moving average price is $77.29 and its 200-day moving average price is $72.42. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.08. Brady Corporation has a 52 week low of $62.70 and a 52 week high of $84.03. The company has a market capitalization of $3.73 billion, a P/E ratio of 20.17 and a beta of 0.78.

Brady (NYSE:BRC) last posted its quarterly earnings data 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 return on equity of 19.29% and a net margin of 12.50%.The firm had revenue of $397.28 million for the quarter, compared to the consensus estimate of $384.67 million. During the same quarter last year, the company earned $1.19 earnings per share. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. On average, equities research analysts predict that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The firm also recently announced 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 is a boost from Brady’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.98 annualized dividend and a yield of 1.2%. Brady’s dividend payout ratio is 24.94%.

About Brady

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.