Brady Corporation $BRC Shares Sold by Inspire Investing LLC

Inspire Investing LLC reduced its position in shares of Brady Corporation (NYSE:BRC) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,439 shares of the industrial products company’s stock after selling 2,236 shares during the period. Inspire Investing LLC owned approximately 0.07% of Brady worth $2,273,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Brady by 23.9% during the second quarter. Blue Trust Inc. now owns 1,037 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 200 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Brady by 1.2% during the first quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company’s stock worth $1,307,000 after purchasing an additional 215 shares in the last quarter. Quarry LP purchased a new position in Brady during the first quarter worth about $25,000. Hancock Whitney Corp raised its holdings in Brady by 14.7% during the first quarter. Hancock Whitney Corp now owns 3,403 shares of the industrial products company’s stock worth $240,000 after purchasing an additional 437 shares in the last quarter. Finally, KBC Group NV raised its holdings in Brady by 33.7% during the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company’s stock worth $169,000 after purchasing an additional 602 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BRC shares. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a report on Wednesday. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, Brady presently has an average rating of “Strong Buy”.

Brady Trading Down 0.2%

Shares of BRC opened at $72.34 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.27. The firm has a 50 day simple moving average of $76.34 and a 200-day simple moving average of $71.86. Brady Corporation has a 1-year low of $62.70 and a 1-year high of $84.03. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 18.41 and a beta of 0.78.

Brady (NYSE:BRC) last issued its quarterly earnings data on Thursday, September 4th. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.02. Brady had a net margin of 12.50% and a return on equity of 19.29%. The business had revenue of $397.28 million during the quarter, compared to analysts’ expectations of $384.67 million. During the same period last year, the company posted $1.19 EPS. The company’s revenue was up 15.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Equities analysts forecast that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be paid a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 10th. This is an increase from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio is presently 24.43%.

Insider Activity at Brady

In other Brady news, Director Elizabeth P. Bruno sold 2,538 shares of Brady stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $76.27, for a total value of $193,573.26. Following the completion of the sale, the director directly owned 597,462 shares of the company’s stock, valued at approximately $45,568,426.74. The trade was a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell Shaller sold 23,743 shares of Brady stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $80.07, for a total transaction of $1,901,102.01. Following the completion of the sale, the chief executive officer directly owned 135,080 shares of the company’s stock, valued at $10,815,855.60. The trade was a 14.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,973 shares of company stock valued at $2,299,994 over the last ninety days. 15.60% of the stock is owned by corporate insiders.

Brady Profile

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.