Paradiem LLC Sells 9,746 Shares of Brady Corporation $BRC

Key Points

• Paradiem LLC has reduced its stake in Brady Corporation by 6.5%, now holding 141,138 shares valued at approximately $9.6 million.
• Brady Corporation recently reported an earnings per share (EPS) of $1.26, exceeding analysts' expectations of $1.24, with revenues of $397.28 million for the quarter.
• The company has announced a quarterly dividend of $0.245 per share, marking an increase from its prior dividend, with an annual yield of 1.3%.

Paradiem LLC lowered its position in Brady Corporation (NYSE:BRC - Free Report) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,138 shares of the industrial products company's stock after selling 9,746 shares during the quarter. Brady makes up about 2.4% of Paradiem LLC's portfolio, making the stock its 18th biggest position. Paradiem LLC owned approximately 0.30% of Brady worth $9,593,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BRC. KBC Group NV lifted its holdings in shares of Brady by 33.7% in the 1st quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock worth $169,000 after buying an additional 602 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Brady in the first quarter valued at about $381,000. Bessemer Group Inc. lifted its stake in Brady by 68.9% in the first quarter. Bessemer Group Inc. now owns 11,011 shares of the industrial products company's stock worth $779,000 after acquiring an additional 4,490 shares during the period. GAMMA Investing LLC grew its holdings in Brady by 7,044.2% during the 1st quarter. GAMMA Investing LLC now owns 138,454 shares of the industrial products company's stock worth $9,780,000 after acquiring an additional 136,516 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Brady by 10.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 498,670 shares of the industrial products company's stock worth $35,226,000 after acquiring an additional 48,522 shares in the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Brady

In other news, CEO Russell Shaller sold 23,743 shares of Brady stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $80.07, for a total transaction of $1,901,102.01. Following the completion of the sale, the chief executive officer directly owned 135,080 shares in the company, valued at approximately $10,815,855.60. The trade was a 14.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 15.60% of the company's stock.

Brady Price Performance

Shares of BRC opened at $76.68 on Tuesday. The company has a 50 day moving average of $75.34 and a two-hundred day moving average of $71.60. 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 twelve month low of $62.70 and a twelve month high of $84.03. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 19.51 and a beta of 0.83.

Brady (NYSE:BRC - Get Free Report) last issued its quarterly 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. The business had revenue of $397.28 million for the quarter, compared to the consensus estimate of $384.67 million. Brady had a return on equity of 19.29% and a net margin of 12.50%.The business's quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 earnings per share. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. As a group, analysts predict 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. Stockholders of record on Friday, October 10th will be issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.3%. This is an increase from Brady's previous quarterly dividend of $0.24. The ex-dividend date is Friday, October 10th. Brady's dividend payout ratio is currently 24.94%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of 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 data from MarketBeat, the company presently has an average 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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