Vest Financial LLC raised its stake in shares of Brady Corporation (NYSE:BRC - Free Report) by 161.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,981 shares of the industrial products company's stock after buying an additional 18,514 shares during the quarter. Vest Financial LLC owned about 0.06% of Brady worth $2,038,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in Brady by 23.9% during the second quarter. Blue Trust Inc. now owns 1,037 shares of the industrial products company's stock valued at $70,000 after buying an additional 200 shares during the last quarter. Victory Capital Management Inc. raised its stake in Brady by 1.2% during the first quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company's stock valued at $1,307,000 after buying an additional 215 shares during the last quarter. Quarry LP purchased a new position in shares of Brady in the first quarter worth $25,000. Hancock Whitney Corp raised its stake in shares of 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 last quarter. Finally, KBC Group NV raised its stake in shares of Brady by 33.7% in the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock worth $169,000 after purchasing an additional 602 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company's stock.
Brady Stock Performance
NYSE:BRC opened at $74.28 on Wednesday. The firm has a market capitalization of $3.50 billion, a PE ratio of 18.90 and a beta of 0.78. 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 stock has a 50-day simple moving average of $76.45 and a two-hundred day simple moving average of $71.91. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $84.03.
Brady (NYSE:BRC - Get Free Report) last released 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. The firm had revenue of $397.28 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 earnings per share. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Analysts forecast that Brady Corporation will post 4.55 EPS for the current year.
Brady Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be given a $0.245 dividend. 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 1.3%. The ex-dividend date is Friday, October 10th. Brady's dividend payout ratio (DPR) is presently 24.94%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on BRC. Wall Street Zen upgraded Brady from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Brady in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Strong Buy".
Read Our Latest Stock Analysis on Brady
Insider Buying and Selling
In related news, CEO Russell Shaller sold 23,743 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $80.07, for a total value of $1,901,102.01. Following the transaction, the chief executive officer owned 135,080 shares of the company's stock, valued at $10,815,855.60. This represents a 14.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Elizabeth P. Bruno sold 2,538 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $76.27, for a total value of $193,573.26. Following the sale, the director directly owned 597,462 shares in the company, valued at $45,568,426.74. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,973 shares of company stock worth $2,299,994. Company insiders own 15.60% of the company's stock.
Brady Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding BRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brady Corporation (NYSE:BRC - Free Report).

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