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

Royce & Associates LP boosted its position in shares of Brady Corporation (NYSE:BRC) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 674,248 shares of the industrial products company’s stock after acquiring an additional 6,922 shares during the period. Brady accounts for about 0.5% of Royce & Associates LP’s holdings, making the stock its 27th biggest position. Royce & Associates LP owned 1.43% of Brady worth $52,612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in shares of 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 in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Brady by 2.2% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 9,186 shares of the industrial products company’s stock valued at $717,000 after buying an additional 200 shares during the period. apricus wealth LLC grew its position in Brady by 7.4% during 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 raised its holdings in shares of Brady by 2.1% in the 3rd quarter. Amalgamated Bank now owns 11,184 shares of the industrial products company’s stock valued at $873,000 after acquiring an additional 228 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Brady by 0.9% during the 2nd quarter. Raymond James Financial Inc. now owns 26,093 shares of the industrial products company’s stock valued at $1,774,000 after acquiring an additional 238 shares during the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Brady

In other news, insider Brett Wilms sold 3,791 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $78.13, for a total value of $296,190.83. Following the completion of the transaction, the insider owned 7,672 shares of the company’s stock, valued at approximately $599,413.36. This represents a 33.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief operating officer owned 10,181 shares in the company, valued at $824,661. This represents a 35.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 15.60% of the company’s stock.

Brady Stock Up 0.5%

Shares of BRC opened at $92.45 on Friday. Brady Corporation has a 1 year low of $62.70 and a 1 year high of $99.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.40. The stock has a 50 day simple moving average of $86.48 and a two-hundred day simple moving average of $80.53. The firm has a market cap of $4.37 billion, a P/E ratio of 21.65 and a beta of 0.63.

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

Brady Dividend Announcement

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

Analyst Ratings Changes

BRC has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of Brady from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

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.