Intech Investment Management LLC Has $1.83 Million Position in Brady Corporation $BRC

Intech Investment Management LLC increased its stake in shares of Brady Corporation (NYSE:BRC) by 40.5% in the third quarter, Holdings Channel.com reports. The firm owned 23,385 shares of the industrial products company’s stock after buying an additional 6,737 shares during the quarter. Intech Investment Management LLC’s holdings in Brady were worth $1,825,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in shares of Brady during the third quarter worth $227,000. Guidance Capital Inc. boosted its holdings in shares of Brady by 3.3% during the 3rd quarter. Guidance Capital Inc. now owns 7,674 shares of the industrial products company’s stock valued at $610,000 after acquiring an additional 244 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Brady by 6.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 28,744 shares of the industrial products company’s stock worth $2,243,000 after acquiring an additional 1,772 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in Brady by 14.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 170,714 shares of the industrial products company’s stock worth $13,321,000 after purchasing an additional 21,458 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Brady by 1.8% in the third quarter. Rhumbline Advisers now owns 62,075 shares of the industrial products company’s stock valued at $4,844,000 after purchasing an additional 1,086 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Insider Activity at Brady

In other Brady news, COO Thomas F. Debruine sold 5,538 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $81.00, for a total transaction of $448,578.00. Following the transaction, the chief operating officer directly owned 10,181 shares in the company, valued at approximately $824,661. This represents a 35.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brett Wilms sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $78.13, for a total transaction of $296,190.83. Following the sale, the insider directly owned 7,672 shares of the company’s stock, valued at approximately $599,413.36. This trade represents a 33.07% decrease in their position. The SEC filing for this sale provides additional information. 15.60% of the stock is currently owned by insiders.

Brady Trading Up 1.1%

BRC opened at $91.55 on Thursday. Brady Corporation has a twelve month low of $62.70 and a twelve month high of $99.29. The company has a fifty day moving average of $87.14 and a 200-day moving average of $80.92. The stock has a market cap of $4.32 billion, a PE ratio of 21.44 and a beta of 0.60. The company has a quick ratio of 1.40, a current ratio of 2.13 and a debt-to-equity ratio of 0.06.

Brady (NYSE:BRC) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.09 EPS for the quarter, meeting analysts’ consensus estimates of $1.09. Brady had a net margin of 13.01% and a return on equity of 18.62%. The business had revenue of $384.14 million for the quarter, compared to analysts’ expectations of $376.14 million. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.950-5.150 EPS. On average, sell-side analysts predict that Brady Corporation will post 4.55 EPS for the current year.

Brady Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, April 9th. Brady’s payout ratio is presently 22.95%.

Analyst Upgrades and Downgrades

BRC has been the subject of several recent research reports. Wall Street Zen downgraded Brady from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Brady Profile

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.