Louisiana State Employees Retirement System Buys New Stake in Brady Corporation $BRC

Louisiana State Employees Retirement System purchased a new position in Brady Corporation (NYSE:BRC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,400 shares of the industrial products company’s stock, valued at approximately $1,576,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in shares of Brady in the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. boosted its stake in Brady by 72.1% in the 4th quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock valued at $30,000 after buying an additional 163 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Brady in the 3rd quarter valued at $31,000. Global Retirement Partners LLC grew its position in Brady by 42.4% in the fourth quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 134 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Brady by 89.0% in the second quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 322 shares during the period. Institutional investors own 76.28% of the company’s stock.

Brady Stock Down 0.3%

NYSE BRC opened at $91.31 on Thursday. The firm has a market cap of $4.30 billion, a PE ratio of 20.80 and a beta of 0.61. Brady Corporation has a one year low of $67.75 and a one year high of $99.29. The stock’s 50 day simple moving average is $83.57 and its 200 day simple moving average is $84.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.01 and a quick ratio of 1.36.

Brady (NYSE:BRC) last announced its earnings results on Monday, May 18th. The industrial products company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. Brady had a return on equity of 19.01% and a net margin of 12.93%.The company had revenue of $435.24 million during the quarter, compared to analyst estimates of $406.07 million. During the same period last year, the company posted $1.22 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. As a group, sell-side analysts forecast that Brady Corporation will post 5.25 earnings per share for the current fiscal year.

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.98 annualized dividend and a yield of 1.1%. Brady’s dividend payout ratio is currently 22.32%.

Analyst Upgrades and Downgrades

BRC has been the subject of a number of analyst reports. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Sidoti upgraded shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $103.00.

Insider Buying and Selling

In other news, CEO Vineet A. Nargolwala bought 13,011 shares of the stock in a transaction dated Wednesday, June 10th. The stock was bought at an average cost of $76.86 per share, with a total value of $1,000,025.46. Following the purchase, the chief executive officer owned 52,709 shares of the company’s stock, valued at approximately $4,051,213.74. This represents a 32.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 15.60% of the company’s stock.

About Brady

Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.