Brady Corporation $BRC Stock Holdings Cut by TD Asset Management Inc

TD Asset Management Inc reduced its position in shares of Brady Corporation (NYSE:BRC) by 6.6% in the second quarter, HoldingsChannel.com reports. The firm owned 8,500 shares of the industrial products company’s stock after selling 600 shares during the period. TD Asset Management Inc’s holdings in Brady were worth $578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV grew 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 acquiring an additional 602 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Brady in the 1st quarter worth $381,000. Bessemer Group Inc. grew its holdings in shares of Brady by 68.9% in the 1st 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 last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 worth $35,226,000 after acquiring an additional 48,522 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Brady in the 2nd quarter worth $423,000. 76.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BRC shares. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a report on Wednesday, October 8th. Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, Brady has a consensus rating of “Strong Buy”.

Insiders Place Their Bets

In related news, CEO Russell Shaller sold 23,743 shares of Brady 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 of the company’s stock, valued at approximately $10,815,855.60. This trade represents a 14.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth P. Bruno sold 2,538 shares of Brady 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 of the company’s stock, valued at approximately $45,568,426.74. The trade was a 0.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,973 shares of company stock valued at $2,299,994. Insiders own 15.60% of the company’s stock.

Brady Stock Performance

Shares of Brady stock opened at $78.56 on Friday. The stock has a market cap of $3.70 billion, a PE ratio of 19.99 and a beta of 0.78. The business has a fifty day simple moving average of $77.15 and a 200-day simple moving average of $72.24. 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) last issued its earnings results on Thursday, September 4th. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.24 by $0.02. The business had revenue of $397.28 million during the quarter, compared to analysts’ expectations of $384.67 million. Brady had a return on equity of 19.29% and a net margin of 12.50%.Brady’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 earnings per share. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. On average, sell-side analysts anticipate that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a yield of 1.2%. Brady’s 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.