James Investment Research Inc. Makes New Investment in Brady Corporation $BRC

James Investment Research Inc. purchased a new stake in shares of Brady Corporation (NYSE:BRC) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,413 shares of the industrial products company’s stock, valued at approximately $765,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. First Trust Advisors LP boosted its holdings in Brady by 22.2% during the 4th quarter. First Trust Advisors LP now owns 1,620,931 shares of the industrial products company’s stock valued at $127,032,000 after acquiring an additional 294,818 shares during the period. State Street Corp increased its stake in Brady by 1.7% in the 4th quarter. State Street Corp now owns 1,524,384 shares of the industrial products company’s stock worth $119,466,000 after purchasing an additional 26,151 shares during the period. Dimensional Fund Advisors LP lifted its position in Brady by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,461,632 shares of the industrial products company’s stock valued at $114,551,000 after purchasing an additional 8,125 shares during the last quarter. Franklin Resources Inc. lifted its position in Brady by 267.8% in the fourth quarter. Franklin Resources Inc. now owns 1,188,189 shares of the industrial products company’s stock valued at $93,118,000 after purchasing an additional 865,131 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Brady by 9.8% in the fourth quarter. Royce & Associates LP now owns 740,635 shares of the industrial products company’s stock worth $58,044,000 after purchasing an additional 66,387 shares during the last quarter. 76.28% of the stock is owned by institutional investors.

Brady Price Performance

Shares of NYSE BRC opened at $91.89 on Friday. Brady Corporation has a 1 year low of $67.75 and a 1 year high of $99.29. The stock has a market capitalization of $4.33 billion, a P/E ratio of 20.93 and a beta of 0.61. The company’s 50-day moving average is $83.72 and its 200 day moving average is $84.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.01 and a quick ratio of 1.36.

Brady (NYSE:BRC) last posted its quarterly earnings data on Monday, May 18th. The industrial products company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.15. Brady had a return on equity of 19.01% and a net margin of 12.93%.The business had revenue of $435.24 million for the quarter, compared to analysts’ expectations of $406.07 million. During the same period in the previous year, the firm posted $1.22 EPS. The business’s revenue was up 13.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. On average, sell-side analysts expect that Brady Corporation will post 5.25 earnings per share for the current year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be paid a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, July 10th. Brady’s dividend payout ratio is presently 22.32%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BRC. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings cut shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Finally, Sidoti raised Brady from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $103.00.

Insiders Place Their Bets

In other news, CEO Vineet A. Nargolwala acquired 13,011 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was acquired at an average price of $76.86 per share, for a total transaction of $1,000,025.46. Following the completion of the acquisition, the chief executive officer owned 52,709 shares in the company, valued at $4,051,213.74. This trade represents a 32.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.60% of the stock is currently owned by insiders.

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.