SEB Asset Management AB Makes New $1.70 Million Investment in Brady Corporation $BRC

SEB Asset Management AB bought a new position in shares of Brady Corporation (NYSE:BRC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,942 shares of the industrial products company’s stock, valued at approximately $1,701,000.

A number of other large investors have also recently made changes to their positions in the stock. Global Retirement Partners LLC increased its stake in Brady by 42.4% in the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock worth $35,000 after buying an additional 134 shares during the period. Richardson Financial Services Inc. lifted its holdings in Brady by 72.1% during the 4th quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock valued at $30,000 after buying an additional 163 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Brady by 1.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 23,400 shares of the industrial products company’s stock valued at $1,901,000 after buying an additional 223 shares during the period. State of Alaska Department of Revenue grew its stake in Brady by 0.9% in the 4th quarter. State of Alaska Department of Revenue now owns 24,772 shares of the industrial products company’s stock worth $1,941,000 after acquiring an additional 233 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Brady by 0.9% in the 2nd quarter. Raymond James Financial Inc. now owns 26,093 shares of the industrial products company’s stock worth $1,774,000 after acquiring an additional 238 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

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

Brady Stock Performance

BRC stock opened at $93.53 on Friday. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 21.31 and a beta of 0.61. The firm has a 50-day simple moving average of $87.43 and a two-hundred day simple moving average of $86.01. Brady Corporation has a one year low of $69.24 and a one year high of $99.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01.

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

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be issued a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, July 10th. Brady’s payout ratio is currently 22.32%.

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.