Louisiana State Employees Retirement System Takes Position in Brady Corporation $BRC

Louisiana State Employees Retirement System purchased a new position in shares of Brady Corporation (NYSE:BRC) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 19,400 shares of the industrial products company’s stock, valued at approximately $1,576,000.

Several other large investors have also bought and sold shares of BRC. First Trust Advisors LP boosted its stake in Brady by 22.2% in the fourth quarter. First Trust Advisors LP now owns 1,620,931 shares of the industrial products company’s stock valued at $127,032,000 after acquiring an additional 294,818 shares during the last quarter. State Street Corp lifted its stake in shares of Brady by 1.7% in the 4th quarter. State Street Corp now owns 1,524,384 shares of the industrial products company’s stock valued at $119,466,000 after purchasing an additional 26,151 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Brady by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,461,632 shares of the industrial products company’s stock valued at $114,551,000 after purchasing an additional 8,125 shares during the period. Franklin Resources Inc. boosted its position in shares of Brady by 267.8% in the 4th quarter. Franklin Resources Inc. now owns 1,188,189 shares of the industrial products company’s stock worth $93,118,000 after purchasing an additional 865,131 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of Brady by 9.8% in the 4th quarter. Royce & Associates LP now owns 740,635 shares of the industrial products company’s stock worth $58,044,000 after purchasing an additional 66,387 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Brady Price Performance

BRC opened at $91.31 on Thursday. The stock has a market cap of $4.30 billion, a P/E ratio of 20.80 and a beta of 0.61. Brady Corporation has a 12 month low of $67.75 and a 12 month high of $99.29. The company has a quick ratio of 1.36, a current ratio of 2.01 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $83.57 and a 200 day simple moving average of $84.70.

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

Brady Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be given a $0.245 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.98 annualized dividend and a dividend yield of 1.1%. Brady’s payout ratio is currently 22.32%.

Insider Transactions at Brady

In other Brady news, CEO Vineet A. Nargolwala bought 13,011 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average cost of $76.86 per share, with a total value of $1,000,025.46. Following the purchase, the chief executive officer owned 52,709 shares in the company, valued at $4,051,213.74. This trade represents a 32.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.60% of the company’s stock.

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.