Brady Corporation $BRC Shares Bought by Vest Financial LLC

Vest Financial LLC lifted its stake in Brady Corporation (NYSE:BRC) by 78.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,498 shares of the industrial products company’s stock after buying an additional 23,517 shares during the quarter. Vest Financial LLC’s holdings in Brady were worth $4,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BRC. First Trust Advisors LP grew its holdings in Brady by 30.7% in the second quarter. First Trust Advisors LP now owns 1,169,245 shares of the industrial products company’s stock valued at $79,474,000 after purchasing an additional 274,982 shares during the period. Champlain Investment Partners LLC raised its stake in Brady by 22.1% during the second quarter. Champlain Investment Partners LLC now owns 821,401 shares of the industrial products company’s stock worth $55,831,000 after purchasing an additional 148,471 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Brady by 15.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 524,913 shares of the industrial products company’s stock valued at $36,047,000 after acquiring an additional 71,291 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Brady by 37.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 322,873 shares of the industrial products company’s stock valued at $21,946,000 after purchasing an additional 87,606 shares during the last quarter. Finally, Seizert Capital Partners LLC boosted its stake in Brady by 194.8% during the second quarter. Seizert Capital Partners LLC now owns 208,461 shares of the industrial products company’s stock worth $14,169,000 after buying an additional 137,748 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Insider Transactions at Brady

In related news, General Counsel Andrew Gorman sold 12,528 shares of the stock in a transaction on Tuesday, November 25th. The shares were 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 $1,132,381.53. This represents a 46.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell Shaller sold 17,130 shares of Brady stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $81.25, for a total transaction of $1,391,812.50. Following the completion of the transaction, the chief executive officer owned 141,421 shares in the company, valued at approximately $11,490,456.25. This represents a 10.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,586 shares of company stock worth $5,720,907 over the last 90 days. Company insiders own 15.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a research report on Wednesday. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Brady Stock Up 0.2%

BRC opened at $85.69 on Friday. Brady Corporation has a one year low of $62.70 and a one year high of $86.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 2.07. The stock has a market capitalization of $4.04 billion, a P/E ratio of 20.95 and a beta of 0.65. The business’s 50-day simple moving average is $80.08 and its 200-day simple moving average is $76.64.

Brady (NYSE:BRC) last released its quarterly earnings results on Monday, November 17th. The industrial products company reported $1.21 earnings per share (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 firm had revenue of $405.29 million for the quarter, compared to the consensus estimate of $393.65 million. During the same quarter last year, the business posted $1.12 EPS. The firm’s quarterly 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. Analysts anticipate that Brady Corporation will post 4.55 EPS for the current year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 9th will be given a $0.245 dividend. The ex-dividend date is Friday, January 9th. This represents a $0.98 annualized dividend and a yield of 1.1%. Brady’s dividend payout ratio is 23.96%.

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.