Robeco Institutional Asset Management B.V. Has $9.95 Million Stake in Brady Corporation $BRC

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Brady Corporation by 19.7%, now holding 146,368 shares worth about $9.95 million, according to a recent SEC filing.
• Wall Street analysts have upgraded Brady's stock consensus rating to "Strong Buy", with one analyst giving a "Strong Buy" and another a "Buy" rating.
• Brady Corporation has announced a quarterly dividend of $0.245, reflecting a positive change from the previous dividend and a yield of 1.3%.

Robeco Institutional Asset Management B.V. lessened its holdings in Brady Corporation (NYSE:BRC - Free Report) by 19.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,368 shares of the industrial products company's stock after selling 35,993 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.31% of Brady worth $9,949,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Neuberger Berman Group LLC increased its stake in Brady by 196.6% in the first quarter. Neuberger Berman Group LLC now owns 1,614,375 shares of the industrial products company's stock valued at $114,039,000 after acquiring an additional 1,070,000 shares during the period. Champlain Investment Partners LLC grew its stake in shares of Brady by 63.9% in the 1st quarter. Champlain Investment Partners LLC now owns 672,930 shares of the industrial products company's stock valued at $47,536,000 after purchasing an additional 262,454 shares during the period. Royce & Associates LP raised its holdings in shares of Brady by 2.8% in the 1st quarter. Royce & Associates LP now owns 623,734 shares of the industrial products company's stock worth $44,061,000 after buying an additional 17,018 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Brady by 29.7% during the 1st quarter. Allianz Asset Management GmbH now owns 516,499 shares of the industrial products company's stock worth $36,485,000 after buying an additional 118,133 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Brady by 10.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 498,670 shares of the industrial products company's stock valued at $35,226,000 after buying an additional 48,522 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BRC. Wall Street Zen raised Brady from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of Brady in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Strong Buy".

Insider Activity at Brady

In other news, CEO Russell Shaller sold 23,743 shares of the business's stock in a transaction on Thursday, September 18th. The stock was 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 owned 135,080 shares in the company, valued at $10,815,855.60. The trade was a 14.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 15.60% of the company's stock.

Brady Stock Performance

Brady stock opened at $78.31 on Monday. The stock has a 50-day simple moving average of $76.01 and a 200 day simple moving average of $71.78. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 19.93 and a beta of 0.78. 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 12-month low of $62.70 and a 12-month high of $84.03.

Brady (NYSE:BRC - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The industrial products company reported $1.26 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $384.67 million. During the same quarter last year, the company posted $1.19 EPS. The company's quarterly 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. On average, research analysts anticipate that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be given a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, October 10th. This is a positive change from Brady's previous quarterly dividend of $0.24. Brady's dividend payout ratio is 24.94%.

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.

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