Jacobs Levy Equity Management Inc. Purchases New Position in Brady Corporation $BRC

Jacobs Levy Equity Management Inc. acquired a new position in Brady Corporation (NYSE:BRC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in Brady by 1.2% in the first quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company's stock worth $1,307,000 after purchasing an additional 215 shares during the period. NDVR Inc. grew its holdings in Brady by 7.6% in the fourth quarter. NDVR Inc. now owns 3,883 shares of the industrial products company's stock worth $287,000 after purchasing an additional 274 shares during the period. Quarry LP purchased a new stake in Brady in the first quarter worth about $25,000. Hancock Whitney Corp grew its holdings in Brady by 14.7% in the first quarter. Hancock Whitney Corp now owns 3,403 shares of the industrial products company's stock worth $240,000 after purchasing an additional 437 shares during the period. Finally, Deutsche Bank AG grew its holdings in Brady by 22.3% in the fourth quarter. Deutsche Bank AG now owns 3,270 shares of the industrial products company's stock worth $241,000 after purchasing an additional 597 shares during the period. Hedge funds and other institutional investors own 76.28% of the company's stock.

Wall Street Analyst Weigh In

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

Brady Trading Down 0.9%

NYSE:BRC opened at $81.98 on Monday. The company's 50 day moving average price is $72.07 and its 200-day moving average price is $70.67. Brady Corporation has a 52 week low of $62.70 and a 52 week high of $84.03. 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 market cap of $3.88 billion, a price-to-earnings ratio of 20.86 and a beta of 0.83.

Brady (NYSE:BRC - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The industrial products company reported $1.26 EPS for the quarter, beating 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 firm had revenue of $397.28 million for the quarter, compared to analysts' expectations of $384.67 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The business's revenue for the quarter was up 15.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. On average, equities research analysts forecast that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.