ACR Alpine Capital Research LLC Buys New Stake in Brady Corporation $BRC

Key Points

• ACR Alpine Capital Research opened a new position in Brady, buying 65,296 shares worth about $5.45 million, or roughly 0.14% of the company. Institutional investors and hedge funds collectively own 76.28% of Brady’s stock.
• Brady reported quarterly EPS of $1.48, slightly above estimates, while revenue rose 10% year over year to $436.9 million. Analysts’ consensus rating is “Buy,” with a $103 price target.
• Brady increased its quarterly dividend from $0.245 to $0.25 per share, equivalent to an annualized $1.00 dividend and a 1.3% yield.

ACR Alpine Capital Research LLC bought a new position in shares of Brady Corporation (NYSE:BRC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 65,296 shares of the industrial products company's stock, valued at approximately $5,452,000. Brady comprises 0.1% of ACR Alpine Capital Research LLC's holdings, making the stock its 29th largest holding. ACR Alpine Capital Research LLC owned approximately 0.14% of Brady as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of BRC. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Brady in the 2nd quarter valued at $3,259,000. WINTON GROUP Ltd acquired a new stake in Brady during the 2nd quarter worth $641,000. Bank of America Corp DE lifted its holdings in Brady by 112.4% during the first quarter. Bank of America Corp DE now owns 48,672 shares of the industrial products company's stock worth $3,954,000 after acquiring an additional 25,760 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Brady by 13.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 153,162 shares of the industrial products company's stock worth $12,787,000 after acquiring an additional 17,989 shares in the last quarter. Finally, SEB Asset Management AB bought a new position in Brady during the first quarter worth about $1,701,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BRC shares. Weiss Ratings downgraded Brady from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, October 23rd. Wall Street Zen raised Brady from a "hold" rating to a "buy" rating in a research report on Sunday, October 4th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $103.00.

Insider Transactions at Brady

In other Brady news, COO Thomas DeBruine sold 1,569 shares of the firm's stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $85.00, for a total value of $133,365.00. Following the completion of the transaction, the chief operating officer directly owned 8,381 shares in the company, valued at $712,385. This trade represents a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 15.60% of the company's stock.

Brady Stock Down 3.9%

BRC stock opened at $79.64 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.30. The stock has a market capitalization of $3.74 billion, a P/E ratio of 18.48 and a beta of 0.62. The business has a 50-day moving average of $84.99 and a 200-day moving average of $86.97. Brady Corporation has a fifty-two week low of $70.57 and a fifty-two week high of $99.29.

Brady (NYSE:BRC - Get Free Report) last announced its earnings results on Thursday, September 3rd. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.01. The business had revenue of $436.90 million for the quarter, compared to analyst estimates of $427.91 million. Brady had a return on equity of 19.21% and a net margin of 12.36%. Brady's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 EPS. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. On average, sell-side analysts anticipate that Brady Corporation will post 6.50 earnings per share for the current fiscal year.

Brady Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 9th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 9th. This is a boost from Brady's previous quarterly dividend of $0.2450. This represents a $1.00 annualized dividend and a yield of 1.3%. Brady's dividend payout ratio is currently 23.20%.

About Brady

Brady Corporation NYSE: BRC is a global manufacturer of identification and workplace safety solutions. Founded in 1914 as W.H. Brady Co in Milwaukee, Wisconsin, the company develops products that help organizations identify equipment, manage facilities, improve workplace safety and comply with operational requirements.

Its products include industrial and facility identification labels, signs, tags, safety and lockout products, wire and cable markers, barcode and RFID solutions, printers, software and specialty materials.

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