17,989 Brady Corporation $BRC Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in Brady Corporation (NYSE:BRC) by 13.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 153,162 shares of the industrial products company’s stock after purchasing an additional 17,989 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Brady were worth $12,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Brown Lisle Cummings Inc. raised its holdings in Brady by 2,205.9% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 784 shares of the industrial products company’s stock worth $65,000 after buying an additional 750 shares during the period. Ifrah Financial Services Inc. boosted its holdings in shares of Brady by 4.9% in the third quarter. Ifrah Financial Services Inc. now owns 3,452 shares of the industrial products company’s stock worth $288,000 after buying an additional 161 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Brady by 16.9% in the second quarter. QRG Capital Management Inc. now owns 15,141 shares of the industrial products company’s stock worth $1,386,000 after buying an additional 2,193 shares during the period. Tidal Investments LLC increased its position in shares of Brady by 5.8% in the second quarter. Tidal Investments LLC now owns 17,459 shares of the industrial products company’s stock worth $1,599,000 after acquiring an additional 958 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Brady in the second quarter worth approximately $641,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Price Performance

NYSE BRC opened at $81.60 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.94 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.83 billion, a PE ratio of 18.93 and a beta of 0.61. The company has a 50 day moving average price of $86.86 and a two-hundred day moving average price of $86.99. Brady Corporation has a 12-month low of $70.57 and a 12-month high of $99.29.

Brady (NYSE:BRC) last posted its earnings results on Thursday, September 3rd. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. Brady had a net margin of 12.36% and a return on equity of 19.21%. The company had revenue of $436.90 million during the quarter, compared to the consensus estimate of $427.91 million. During the same period in the previous year, the firm posted $1.04 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. As a group, equities analysts predict that Brady Corporation will post 6.50 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. This is a boost from Brady’s previous quarterly dividend of $0.2450. Brady’s dividend payout ratio (DPR) is presently 23.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BRC shares. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $103.00.

Insider Transactions at Brady

In related news, COO Thomas DeBruine sold 1,569 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $85.00, for a total value of $133,365.00. Following the completion of the sale, the chief operating officer directly owned 8,381 shares in the company, valued at approximately $712,385. This represents a 15.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 15.60% of the company’s stock.

About Brady

Brady Corporation (NYSE:BRC) is a global manufacturer of identification and workplace safety solutions. Founded in 1914 as W.H. Brady Co in Milwaukee, Wisconsin, the company develops products that help organizations identify equipment, manage facilities, improve workplace safety and comply with operational requirements.

Its products include industrial and facility identification labels, signs, tags, safety and lockout products, wire and cable markers, barcode and RFID solutions, printers, software and specialty materials.