Brady Corporation $BRC Shares Sold by Swedbank AB

Key Points

• Swedbank AB has reduced its stake in Brady Corporation by 14.3%, owning approximately 300,000 shares valued at $21.19 million as of the latest SEC filing.
• Brady Corporation recently announced an increase in its quarterly dividend to $0.245, reflecting a dividend yield of 1.2% and a payout ratio of 24.43%.
• Analysts have shown a positive outlook for Brady's stock, with a consensus rating of "Strong Buy" after upgrades from Wall Street firms.

Swedbank AB lessened its position in shares of Brady Corporation (NYSE:BRC - Free Report) by 14.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 300,000 shares of the industrial products company's stock after selling 50,000 shares during the quarter. Swedbank AB owned about 0.63% of Brady worth $21,192,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Brady during the 1st quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Brady during the 1st quarter valued at approximately $74,000. NewEdge Advisors LLC raised its position in shares of Brady by 282.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company's stock valued at $116,000 after buying an additional 1,214 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of Brady during the 1st quarter valued at approximately $159,000. Finally, KBC Group NV raised its position in shares of Brady by 33.7% during the 1st quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock valued at $169,000 after buying an additional 602 shares during the period. Hedge funds and other institutional investors own 76.28% of the company's stock.

Brady Stock Down 2.1%

Shares of Brady stock traded down $1.68 during trading hours on Friday, reaching $80.06. 886,211 shares of the company were exchanged, compared to its average volume of 196,393. Brady Corporation has a 1 year low of $62.70 and a 1 year high of $84.03. The stock's fifty day moving average is $74.25 and its 200 day moving average is $71.26. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.88. The firm has a market cap of $3.77 billion, a PE ratio of 20.37 and a beta of 0.83.

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, topping analysts' consensus estimates of $1.24 by $0.02. Brady had a return on equity of 19.29% and a net margin of 12.50%.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 prior year, the company earned $1.19 earnings per share. The company's revenue was up 15.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. As a group, equities research analysts forecast that Brady Corporation will post 4.55 earnings per share for the current 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 given 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 dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 10th. Brady's dividend payout ratio is currently 24.43%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Brady

In related news, CEO Russell Shaller sold 23,743 shares of the business's 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 transaction, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 15.60% of the company's stock.

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.