Brady Corporation $BRC Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its position in Brady Corporation (NYSE:BRC) by 754.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,870 shares of the industrial products company’s stock after acquiring an additional 54,627 shares during the quarter. Sei Investments Co.’s holdings in Brady were worth $5,026,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BRC. Global Retirement Partners LLC raised its position in shares of Brady by 42.4% during the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 134 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in Brady by 72.1% during the fourth quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 163 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Brady by 10.2% in the first quarter. Parallel Advisors LLC now owns 2,102 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 195 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Brady by 1.0% in the first quarter. Illinois Municipal Retirement Fund now owns 23,400 shares of the industrial products company’s stock worth $1,901,000 after purchasing an additional 223 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Brady by 0.9% during the fourth quarter. State of Alaska Department of Revenue now owns 24,772 shares of the industrial products company’s stock valued at $1,941,000 after purchasing an additional 233 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Brady Trading Up 1.9%

NYSE:BRC opened at $97.83 on Wednesday. Brady Corporation has a 12-month low of $69.51 and a 12-month high of $99.29. The firm has a market capitalization of $4.61 billion, a P/E ratio of 22.28 and a beta of 0.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.01 and a quick ratio of 1.36. The business has a 50 day simple moving average of $89.26 and a 200 day simple moving average of $86.80.

Brady (NYSE:BRC) last issued its earnings results on Monday, May 18th. The industrial products company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.15. The firm had revenue of $435.24 million for the quarter, compared to analyst estimates of $406.07 million. Brady had a return on equity of 19.01% and a net margin of 12.93%.The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the company earned $1.22 earnings per share. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Equities research analysts predict that Brady Corporation will post 5.25 EPS for the current year.

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were given a $0.245 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.98 annualized dividend and a yield of 1.0%. Brady’s dividend payout ratio (DPR) is currently 22.32%.

Insiders Place Their Bets

In other news, CEO Vineet A. Nargolwala bought 13,011 shares of Brady stock in a transaction on Wednesday, June 10th. The stock was purchased at an average cost of $76.86 per share, with a total value of $1,000,025.46. Following the purchase, the chief executive officer directly owned 52,709 shares of the company’s stock, valued at approximately $4,051,213.74. This trade represents a 32.77% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 15.60% of the stock is currently owned by corporate insiders.

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.