Swedbank AB Sells 60,000 Shares of Brady Corporation $BRC

Swedbank AB decreased its holdings in shares of Brady Corporation (NYSE:BRC) by 20.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 240,000 shares of the industrial products company’s stock after selling 60,000 shares during the quarter. Swedbank AB’s holdings in Brady were worth $19,498,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of 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 acquiring an additional 5,108 shares during the last quarter. Millennium Management LLC grew its position in Brady by 1,256.9% in the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock valued at $13,081,000 after acquiring an additional 171,535 shares during the last quarter. NewEdge Advisors LLC grew its position in 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 acquiring an additional 1,214 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Brady by 7.4% in the first 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 worth $8,968,000 after purchasing an additional 8,716 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Brady by 89.0% during the second quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 322 shares during the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BRC shares. Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Sidoti raised shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Brady has an average rating of “Buy” and a consensus price target of $103.00.

Insider Transactions at Brady

In other news, CEO Vineet A. Nargolwala bought 13,011 shares of Brady stock in a transaction on Wednesday, June 10th. The stock was acquired at an average cost of $76.86 per share, for a total transaction of $1,000,025.46. Following the completion of the acquisition, the chief executive officer owned 52,709 shares of the company’s stock, valued at $4,051,213.74. This trade represents a 32.77% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.60% of the stock is owned by company insiders.

Brady Price Performance

NYSE BRC opened at $89.45 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01. The firm’s 50 day moving average price is $84.53 and its 200-day moving average price is $85.11. Brady Corporation has a 52-week low of $67.75 and a 52-week high of $99.29. The company has a market cap of $4.21 billion, a PE ratio of 20.38 and a beta of 0.61.

Brady (NYSE:BRC) last posted its earnings results on Monday, May 18th. The industrial products company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. Brady had a return on equity of 19.01% and a net margin of 12.93%.The company had revenue of $435.24 million during the quarter, compared to analyst estimates of $406.07 million. During the same quarter in the prior year, the business earned $1.22 earnings per share. Brady’s revenue was up 13.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Sell-side analysts forecast that Brady Corporation will post 5.25 EPS for the current fiscal year.

Brady Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.98 dividend on an annualized basis and a yield of 1.1%. Brady’s dividend payout ratio (DPR) is presently 22.32%.

About Brady

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.