Royce & Associates LP Buys 6,922 Shares of Brady Corporation $BRC

Royce & Associates LP grew its stake in shares of Brady Corporation (NYSE:BRC) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 674,248 shares of the industrial products company’s stock after acquiring an additional 6,922 shares during the period. Brady comprises about 0.5% of Royce & Associates LP’s holdings, making the stock its 27th largest position. Royce & Associates LP’s holdings in Brady were worth $52,612,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BRC. Nisa Investment Advisors LLC grew its position in Brady by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 20,288 shares of the industrial products company’s stock valued at $1,583,000 after purchasing an additional 170 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Brady by 2.2% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 9,186 shares of the industrial products company’s stock worth $717,000 after buying an additional 200 shares during the last quarter. apricus wealth LLC lifted its stake in shares of Brady by 7.4% in the third quarter. apricus wealth LLC now owns 3,206 shares of the industrial products company’s stock worth $250,000 after buying an additional 221 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Brady by 2.1% during the third quarter. Amalgamated Bank now owns 11,184 shares of the industrial products company’s stock valued at $873,000 after buying an additional 228 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Brady by 0.9% during the second quarter. Raymond James Financial Inc. now owns 26,093 shares of the industrial products company’s stock valued at $1,774,000 after buying an additional 238 shares during the last quarter. Institutional investors own 76.28% of the company’s stock.

Insider Activity

In related news, COO Thomas F. Debruine sold 5,538 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $81.00, for a total value of $448,578.00. Following the transaction, the chief operating officer owned 10,181 shares of the company’s stock, valued at approximately $824,661. This trade represents a 35.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brett Wilms sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $78.13, for a total transaction of $296,190.83. Following the sale, the insider directly owned 7,672 shares of the company’s stock, valued at approximately $599,413.36. This represents a 33.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 15.60% of the stock is owned by corporate insiders.

Brady Trading Up 0.5%

Shares of BRC stock opened at $92.45 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.40 and a debt-to-equity ratio of 0.06. Brady Corporation has a 12-month low of $62.70 and a 12-month high of $99.29. The stock has a market capitalization of $4.37 billion, a P/E ratio of 21.65 and a beta of 0.63. The firm’s 50 day moving average is $86.48 and its 200 day moving average is $80.53.

Brady (NYSE:BRC) last announced its earnings results on Thursday, February 19th. The industrial products company reported $1.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.09. The business had revenue of $384.14 million during the quarter, compared to analyst estimates of $376.14 million. Brady had a net margin of 13.01% and a return on equity of 18.62%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 EPS. Brady has set its FY 2026 guidance at 4.950-5.150 EPS. Research analysts expect that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be given a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Brady’s dividend payout ratio (DPR) is presently 22.95%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BRC shares. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a report on Wednesday, January 21st. Wall Street Zen cut Brady from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

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.