Jacobs Levy Equity Management Inc. Makes New $6.78 Million Investment in Brady Corporation $BRC

Jacobs Levy Equity Management Inc. purchased a new position in shares of Brady Corporation (NYSE:BRC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 95,906 shares of the industrial products company's stock, valued at approximately $6,775,000. Jacobs Levy Equity Management Inc. owned 0.20% of Brady as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRC. Quarry LP bought a new position in Brady during the first quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd bought a new position in Brady during the first quarter valued at approximately $74,000. Pacer Advisors Inc. bought a new position in Brady during the first quarter valued at approximately $159,000. KBC Group NV raised its position in Brady by 33.7% during the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock valued at $169,000 after acquiring an additional 602 shares in the last quarter. Finally, NBC Securities Inc. raised its position in Brady by 99,900.0% during the first quarter. NBC Securities Inc. now owns 3,000 shares of the industrial products company's stock valued at $211,000 after acquiring an additional 2,997 shares in the last quarter. Institutional investors own 76.28% of the company's stock.

Brady Stock Performance

Shares of NYSE:BRC traded down $0.46 during trading on Friday, reaching $79.42. The stock had a trading volume of 157,515 shares, compared to its average volume of 174,647. Brady Corporation has a 52 week low of $62.70 and a 52 week high of $84.03. The firm has a market capitalization of $3.74 billion, a price-to-earnings 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. The stock has a fifty day simple moving average of $73.09 and a two-hundred day simple moving average of $70.94.

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, topping analysts' consensus estimates of $1.24 by $0.02. Brady had a net margin of 12.50% and a return on equity of 19.29%. The business had revenue of $397.28 million for the quarter, compared to analyst estimates of $384.67 million. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Brady's revenue was up 15.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. As a group, 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 paid a dividend of $0.245 per share. This is an increase from Brady's previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 10th. Brady's dividend payout ratio is presently 24.43%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Sidoti raised shares of Brady to a "strong-buy" rating in a research report on Monday, May 19th. Wall Street Zen raised shares of Brady from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Brady currently has an average rating of "Strong Buy".

Brady Company 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.