Swiss National Bank Has $5.74 Million Stock Position in Brady Corporation $BRC

Swiss National Bank lessened its stake in shares of Brady Corporation (NYSE:BRC) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,500 shares of the industrial products company’s stock after selling 1,200 shares during the period. Swiss National Bank owned about 0.18% of Brady worth $5,743,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Brady during the first quarter valued at approximately $381,000. Vise Technologies Inc. purchased a new position in Brady during the 2nd quarter worth approximately $457,000. BTS Asset Management Inc. acquired a new stake in Brady during the 2nd quarter valued at $450,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Brady in the second quarter valued at $423,000. Finally, Nordea Investment Management AB boosted its position in shares of Brady by 1.1% in the second quarter. Nordea Investment Management AB now owns 96,609 shares of the industrial products company’s stock worth $6,584,000 after buying an additional 1,051 shares during the period. 76.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BRC has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a report on Saturday. One investment 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 has a consensus rating of “Strong Buy”.

Brady Stock Up 0.7%

BRC opened at $78.75 on Tuesday. The company has a market capitalization of $3.72 billion, a PE ratio of 20.04 and a beta of 0.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.27. Brady Corporation has a fifty-two week low of $62.70 and a fifty-two week high of $84.03. The business has a 50-day moving average of $76.54 and a 200-day moving average of $73.64.

Brady (NYSE:BRC) last released its quarterly earnings data on Monday, November 17th. The industrial products company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.03. The firm had revenue of $405.29 million for the quarter, compared to the consensus estimate of $393.65 million. Brady had a return on equity of 19.29% and a net margin of 12.50%.The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. Equities research analysts forecast that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were paid a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, October 10th. This is a boost from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio (DPR) is presently 23.96%.

Insider Buying and Selling at Brady

In other news, General Counsel Andrew Gorman sold 12,528 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $80.01, for a total transaction of $1,002,365.28. Following the completion of the sale, the general counsel owned 14,153 shares in the company, valued at approximately $1,132,381.53. This represents a 46.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Russell Shaller sold 17,130 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $81.25, for a total value of $1,391,812.50. Following the transaction, the chief executive officer directly owned 141,421 shares in the company, valued at approximately $11,490,456.25. This represents a 10.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 93,230 shares of company stock worth $7,276,132 in the last 90 days. 15.60% of the stock is currently owned by company 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.