Vanguard Group Inc. Sells 116,619 Shares of Brady Corporation $BRC

Vanguard Group Inc. trimmed its stake in shares of Brady Corporation (NYSE:BRC) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,941,302 shares of the industrial products company’s stock after selling 116,619 shares during the period. Vanguard Group Inc. owned approximately 10.49% of Brady worth $385,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BRC. Royal Bank of Canada lifted its holdings in Brady by 380.3% during the 1st quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock worth $456,000 after buying an additional 5,108 shares in the last quarter. Millennium Management LLC lifted its position in Brady by 1,256.9% during the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock valued at $13,081,000 after purchasing an additional 171,535 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Brady by 282.3% in the 1st quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 1,214 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Brady by 7.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,953 shares of the industrial products company’s stock valued at $8,968,000 after purchasing an additional 8,716 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Brady by 23.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,906 shares of the industrial products company’s stock worth $1,557,000 after buying an additional 4,334 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brady in a research note on Wednesday, January 21st. Wall Street Zen lowered Brady from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, Brady presently has an average rating of “Strong Buy”.

Brady Trading Up 0.4%

Shares of NYSE BRC opened at $92.13 on Friday. Brady Corporation has a twelve month low of $62.70 and a twelve month high of $99.29. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 21.58 and a beta of 0.63. The company has a quick ratio of 1.40, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average is $86.25 and its 200-day moving average is $80.31.

Brady (NYSE:BRC) last issued its quarterly earnings data on Thursday, February 19th. The industrial products company reported $1.09 EPS for the quarter, hitting the consensus estimate of $1.09. The business had revenue of $384.14 million for the quarter, compared to the consensus estimate of $376.14 million. Brady had a return on equity of 18.62% and a net margin of 13.01%.The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. Brady has set its FY 2026 guidance at 4.950-5.150 EPS. Equities research analysts predict that Brady Corporation will post 4.55 EPS for the current year.

Brady Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, April 9th. Brady’s payout ratio is 22.95%.

Insider Activity at Brady

In other Brady news, COO Thomas F. Debruine sold 5,538 shares of Brady 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. The trade was a 35.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the insider owned 7,672 shares of the company’s stock, valued at $599,413.36. This trade represents a 33.07% decrease in their position. The SEC filing for this sale provides additional information. 15.60% of the stock is currently owned by insiders.

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.