Voya Investment Management LLC Decreases Position in Brady Corporation $BRC

Voya Investment Management LLC lowered its stake in shares of Brady Corporation (NYSE:BRC) by 89.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,212 shares of the industrial products company’s stock after selling 27,879 shares during the quarter. Voya Investment Management LLC’s holdings in Brady were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP purchased a new stake in Brady during the 1st quarter worth about $25,000. Royal Bank of Canada lifted its stake in Brady by 380.3% in the first quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock worth $456,000 after acquiring an additional 5,108 shares during the last quarter. Hancock Whitney Corp grew its holdings in 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 acquiring an additional 437 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Brady during the 1st quarter worth approximately $6,775,000. Finally, Millennium Management LLC increased its position in shares of Brady by 1,256.9% in the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock valued at $13,081,000 after purchasing an additional 171,535 shares during the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Brady

In related news, General Counsel Andrew Gorman sold 12,528 shares of the firm’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 transaction, the general counsel owned 14,153 shares of the company’s stock, valued at $1,132,381.53. This trade represents a 46.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Russell Shaller sold 17,130 shares of the business’s 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 completion of the transaction, the chief executive officer owned 141,421 shares in the company, valued at $11,490,456.25. This trade represents a 10.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 68,048 shares of company stock worth $5,272,329 in the last quarter. 15.60% of the stock is currently owned by company insiders.

Brady Price Performance

Shares of BRC opened at $80.93 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.39. 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 $3.82 billion, a PE ratio of 19.79 and a beta of 0.65. The firm has a fifty day moving average price of $78.14 and a 200 day moving average price of $75.40.

Brady (NYSE:BRC) last posted its earnings results 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. Brady had a return on equity of 19.06% and a net margin of 12.74%.The business had revenue of $405.29 million for the quarter, compared to analysts’ expectations of $393.65 million. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. As a group, sell-side analysts anticipate that Brady Corporation will post 4.55 EPS for the current year.

Brady Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 9th will be issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, January 9th. Brady’s payout ratio is presently 23.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BRC shares. Wall Street Zen cut shares of Brady from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reaffirmed 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 assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

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.