Brady Corporation $BRC Shares Sold by Amundi

Key Points

• Amundi reduced its stake in Brady Corporation by 18.2% during Q1, now holding 19,594 shares valued at approximately $1.36 million.
• Brady recently reported earnings of $1.26 EPS, exceeding estimates, with a 15.7% revenue growth year-over-year, reaching $397.28 million for the quarter.
• The company declared a quarterly dividend of $0.245, reflecting a positive increase from the previous quarter and a current yield of 1.2%.

Amundi cut its stake in Brady Corporation (NYSE:BRC - Free Report) by 18.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,594 shares of the industrial products company's stock after selling 4,358 shares during the period. Amundi's holdings in Brady were worth $1,363,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in Brady by 380.3% in the first quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company's stock valued at $456,000 after acquiring an additional 5,108 shares in the last quarter. Quarry LP acquired a new stake in Brady in the first quarter valued at $25,000. Vident Advisory LLC raised its holdings in shares of Brady by 12.4% during the first quarter. Vident Advisory LLC now owns 9,945 shares of the industrial products company's stock worth $703,000 after purchasing an additional 1,098 shares during the period. Champlain Investment Partners LLC raised its holdings in shares of Brady by 63.9% during the first quarter. Champlain Investment Partners LLC now owns 672,930 shares of the industrial products company's stock worth $47,536,000 after purchasing an additional 262,454 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Brady during the first quarter worth $3,005,000. 76.28% of the stock is owned by institutional investors and hedge funds.

Brady Stock Performance

Shares of BRC opened at $79.42 on Friday. The firm has a 50-day moving average price of $73.09 and a 200 day moving average price of $70.95. The firm has a market capitalization of $3.74 billion, a PE ratio of 20.21 and a beta of 0.83. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.08. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $84.03.

Brady (NYSE:BRC - Get Free Report) last announced its earnings results on Thursday, September 4th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.02. The firm had revenue of $397.28 million during the quarter, compared to analyst estimates of $384.67 million. Brady had a net margin of 12.50% and a return on equity of 19.29%. Brady's revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 EPS. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. On average, sell-side analysts anticipate that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Brady's previous quarterly dividend of $0.24. Brady's dividend payout ratio is currently 24.43%.

Analysts Set New Price Targets

BRC has been the topic of a number of research reports. Wall Street Zen raised shares of Brady from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Sidoti raised shares of Brady to a "strong-buy" rating in a report on Monday, May 19th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Brady Profile

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.

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