Wilmington Savings Fund Society FSB Lowers Holdings in Brady Corporation $BRC

Wilmington Savings Fund Society FSB trimmed its position in Brady Corporation (NYSE:BRC) by 4.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 85,227 shares of the industrial products company’s stock after selling 4,237 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Brady were worth $5,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Brady by 23.9% during the 2nd 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. boosted its position in shares of Brady by 1.2% during the 1st 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 stake in shares of Brady during the 1st quarter worth $25,000. Hancock Whitney Corp boosted its position in shares of Brady by 14.7% during the 1st 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 boosted its position in shares of Brady by 33.7% during the 1st 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 currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRC has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brady in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Brady Stock Up 1.3%

Shares of NYSE BRC opened at $74.28 on Wednesday. Brady Corporation has a 12-month low of $62.70 and a 12-month high of $84.03. The company has a market capitalization of $3.50 billion, a PE ratio of 18.90 and a beta of 0.78. 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’s 50-day moving average is $76.45 and its two-hundred day moving average is $71.91.

Brady (NYSE:BRC) last announced its quarterly earnings results on Thursday, September 4th. The industrial products company reported $1.26 earnings per share (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 for the quarter, compared to the consensus estimate of $384.67 million. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Equities analysts anticipate 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 issued a $0.245 dividend. This is a positive change from Brady’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, October 10th. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. Brady’s payout ratio is currently 24.94%.

Insider Transactions at Brady

In other Brady news, Director Elizabeth P. Bruno sold 2,692 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $76.27, for a total value of $205,318.84. Following the transaction, the director directly owned 327,023 shares in the company, valued at approximately $24,942,044.21. This represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Russell Shaller sold 23,743 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $80.07, for a total transaction of $1,901,102.01. Following the completion of the transaction, the chief executive officer owned 135,080 shares in the company, valued at approximately $10,815,855.60. This trade represents a 14.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,973 shares of company stock worth $2,299,994. 15.60% of the stock is owned by insiders.

Brady Company 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.