Brady Corporation $BRC Holdings Decreased by Alps Advisors Inc.

Key Points

• Alps Advisors cut its Brady stake by 14.8% in the third quarter, selling 16,364 shares and ending the period with 93,910 shares valued at about $7.8 million.
• Brady reported quarterly EPS of $1.48, slightly above estimates, while revenue rose 10% year over year to $436.9 million. The company’s FY2027 EPS guidance is $6.25–$6.75.
• Brady raised its quarterly dividend from $0.245 to $0.25 per share, equivalent to $1.00 annually and a 1.3% yield; analysts’ consensus rating is Buy, with a $103 price target.

Alps Advisors Inc. decreased its stake in Brady Corporation (NYSE:BRC - Free Report) by 14.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,910 shares of the industrial products company's stock after selling 16,364 shares during the period. Alps Advisors Inc. owned 0.20% of Brady worth $7,841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nykredit A S bought a new stake in Brady during the second quarter worth about $34,000. Integrated Wealth Concepts LLC acquired a new position in shares of Brady during the 2nd quarter worth approximately $47,000. Parkside Financial Bank & Trust increased its position in shares of Brady by 3,072.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 571 shares of the industrial products company's stock worth $52,000 after purchasing an additional 553 shares during the last quarter. Signaturefd LLC increased its position in shares of Brady by 133.7% during the 3rd quarter. Signaturefd LLC now owns 652 shares of the industrial products company's stock worth $54,000 after purchasing an additional 373 shares during the last quarter. Finally, Brown Lisle Cummings Inc. raised its stake in shares of Brady by 2,205.9% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 784 shares of the industrial products company's stock worth $65,000 after purchasing an additional 750 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company's stock.

Brady Stock Performance

BRC opened at $78.79 on Friday. Brady Corporation has a 12-month low of $70.57 and a 12-month high of $99.29. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 18.28 and a beta of 0.62. The business has a 50 day moving average of $84.70 and a 200-day moving average of $86.94. The company has a quick ratio of 1.30, a current ratio of 1.94 and a debt-to-equity ratio of 0.01.

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

Brady Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on BRC. Weiss Ratings downgraded Brady from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, October 23rd. Wall Street Zen upgraded shares of Brady from a "hold" rating to a "buy" rating in a report on Sunday, October 4th. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Brady has an average rating of "Buy" and a consensus price target of $103.00.

Insider Activity

In related news, COO Thomas DeBruine sold 1,569 shares of Brady stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $85.00, for a total transaction of $133,365.00. Following the completion of the sale, the chief operating officer owned 8,381 shares of the company's stock, valued at approximately $712,385. The trade was a 15.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 15.60% of the company's stock.

Brady Profile

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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