New York State Teachers Retirement System Sells 5,698 Shares of Brady Corporation $BRC

New York State Teachers Retirement System cut its position in Brady Corporation (NYSE:BRC) by 9.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 55,784 shares of the industrial products company’s stock after selling 5,698 shares during the quarter. New York State Teachers Retirement System’s holdings in Brady were worth $4,532,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Brady during the fourth quarter worth approximately $25,000. Richardson Financial Services Inc. grew its position in Brady by 72.1% during the 4th quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares during the last quarter. Advisory Services Network LLC bought a new stake in Brady during the 3rd quarter worth approximately $31,000. Global Retirement Partners LLC increased its holdings in Brady by 42.4% during the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 134 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in Brady in the 1st quarter valued at $40,000. 76.28% of the stock is owned by institutional investors.

Insider Activity at Brady

In other Brady news, CEO Vineet A. Nargolwala bought 13,011 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was bought at an average price of $76.86 per share, for a total transaction of $1,000,025.46. Following the transaction, the chief executive officer owned 52,709 shares of the company’s stock, valued at approximately $4,051,213.74. The trade was a 32.77% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 15.60% of the company’s stock.

Brady Stock Performance

Brady stock opened at $89.39 on Thursday. The company has a market cap of $4.21 billion, a PE ratio of 20.36 and a beta of 0.61. The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. Brady Corporation has a 1 year low of $67.75 and a 1 year high of $99.29. The company’s 50-day moving average is $84.38 and its two-hundred day moving average is $85.05.

Brady (NYSE:BRC) last issued its quarterly earnings results on Monday, May 18th. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.35 by $0.15. Brady had a net margin of 12.93% and a return on equity of 19.01%. The company had revenue of $435.24 million during the quarter, compared to analysts’ expectations of $406.07 million. During the same quarter in the previous year, the company earned $1.22 EPS. Brady’s revenue was up 13.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Equities analysts anticipate that Brady Corporation will post 5.25 earnings per share for the current year.

Brady Announces Dividend

The firm also recently announced 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. This represents a $0.98 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, July 10th. Brady’s payout ratio is currently 22.32%.

Analyst Ratings Changes

A number of research firms have commented on BRC. Sidoti raised Brady from a “neutral” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Tuesday, June 9th. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings downgraded shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Brady currently has an average rating of “Buy” and an average price target of $103.00.

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.