Dynamic Technology Lab Private Ltd Takes $381,000 Position in Brady Corporation $BRC

Key Points

• Dynamic Technology Lab Private Ltd has made a new investment of approximately $381,000 in Brady Corporation, acquiring 5,400 shares in the first quarter.
• Brady Corporation recently reported earnings of $1.26 EPS, exceeding analysts' expectations, and announced a quarterly dividend increase to $0.245 per share, set to be paid on October 31st.
• Analysts have upgraded Brady's stock to a "strong buy" rating, reflecting growing confidence in the company's performance and future prospects.

Dynamic Technology Lab Private Ltd purchased a new position in shares of Brady Corporation (NYSE:BRC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,400 shares of the industrial products company's stock, valued at approximately $381,000.

Other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Brady during the first quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Brady during the first quarter worth approximately $74,000. NewEdge Advisors LLC boosted its holdings in shares of Brady by 282.3% during the first quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company's stock worth $116,000 after acquiring an additional 1,214 shares during the period. Pacer Advisors Inc. bought a new stake in shares of Brady during the first quarter worth approximately $159,000. Finally, KBC Group NV boosted its holdings in shares of Brady by 33.7% during the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock worth $169,000 after acquiring an additional 602 shares during the period. Institutional investors own 76.28% of the company's stock.

Brady Price Performance

NYSE:BRC traded up $0.32 during trading hours on Wednesday, reaching $80.85. 28,691 shares of the company were exchanged, compared to its average volume of 219,447. The company has a market capitalization of $3.81 billion, a P/E ratio of 20.57 and a beta of 0.83. Brady Corporation has a 1-year low of $62.70 and a 1-year high of $84.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.27. The business has a 50 day moving average of $73.56 and a 200 day moving average of $71.05.

Brady (NYSE:BRC - Get Free Report) last released its earnings results on Thursday, September 4th. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.02. Brady had a return on equity of 19.29% and a net margin of 12.50%.The firm had revenue of $397.28 million during the quarter, compared to analysts' expectations of $384.67 million. During the same period in the prior year, the company earned $1.19 earnings per share. The company's quarterly revenue was up 15.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Research analysts forecast that Brady Corporation will post 4.55 EPS for the current year.

Brady Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Brady from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Brady currently has an average rating of "Strong Buy".

About Brady

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.