DekaBank Deutsche Girozentrale Grows Stock Position in Brady Corporation $BRC

DekaBank Deutsche Girozentrale raised its position in Brady Corporation (NYSE:BRC) by 15.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 524,913 shares of the industrial products company’s stock after acquiring an additional 71,291 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Brady were worth $36,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in Brady in the 1st quarter worth about $25,000. Blue Trust Inc. lifted 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 valued at $70,000 after purchasing an additional 200 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Brady during the first quarter worth about $74,000. NewEdge Advisors LLC increased its stake in shares of Brady by 282.3% in the first quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new position in shares of Brady in the first quarter worth about $159,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BRC. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, Brady has an average rating of “Strong Buy”.

Brady Trading Up 1.0%

Shares of Brady stock opened at $76.82 on Wednesday. The company’s 50-day moving average price is $76.95 and its 200-day moving average price is $72.10. The company has a current ratio of 1.88, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. Brady Corporation has a 12-month low of $62.70 and a 12-month high of $84.03. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 19.55 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 EPS for the quarter, beating the consensus estimate of $1.24 by $0.02. Brady had a net margin of 12.50% and a return on equity of 19.29%. The company had revenue of $397.28 million during the quarter, compared to analysts’ expectations of $384.67 million. During the same quarter in the previous year, the company earned $1.19 earnings per share. Brady’s revenue for the quarter was up 15.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. On average, equities analysts expect that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be issued a $0.245 dividend. The ex-dividend date of this dividend is Friday, October 10th. This is an increase from Brady’s previous quarterly dividend of $0.24. This represents a $0.98 annualized dividend and a dividend yield of 1.3%. Brady’s payout ratio is currently 24.94%.

Insider Buying and Selling at Brady

In other news, Director Elizabeth P. Bruno sold 2,538 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $76.27, for a total transaction of $193,573.26. Following the sale, the director owned 597,462 shares in the company, valued at approximately $45,568,426.74. This trade represents a 0.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Russell Shaller sold 23,743 shares of Brady stock in a transaction 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 sale, the chief executive officer directly owned 135,080 shares of the company’s stock, valued at $10,815,855.60. This represents a 14.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,973 shares of company stock valued at $2,299,994 in the last three months. 15.60% of the stock is owned by corporate insiders.

About Brady

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.