Brady Corporation $BRC Holdings Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in Brady Corporation (NYSE:BRC) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,162 shares of the industrial products company’s stock after purchasing an additional 17,989 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.33% of Brady worth $12,787,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Nykredit A S acquired a new position in Brady during the 2nd quarter valued at about $34,000. Leonteq Securities AG bought a new stake in shares of Brady during the 1st quarter worth about $40,000. Integrated Wealth Concepts LLC bought a new stake in shares of Brady during the 2nd quarter worth about $47,000. Parkside Financial Bank & Trust lifted its stake in shares of Brady by 3,072.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 571 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 553 shares during the period. Finally, Brown Lisle Cummings Inc. lifted its stake in shares of Brady by 2,205.9% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 784 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 750 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BRC shares. Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Brady currently has an average rating of “Buy” and a consensus price target of $103.00.

Brady Price Performance

Shares of Brady stock opened at $81.60 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $86.86 and its two-hundred day moving average price is $86.99. Brady Corporation has a 52 week low of $70.57 and a 52 week high of $99.29. The stock has a market cap of $3.83 billion, a PE ratio of 18.93 and a beta of 0.61.

Brady (NYSE:BRC) last issued its quarterly earnings results on Thursday, September 3rd. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Brady had a net margin of 12.36% and a return on equity of 19.21%. The company had revenue of $436.90 million during the quarter, compared to the consensus estimate of $427.91 million. During the same period in the prior year, the company earned $1.04 EPS. Brady’s revenue was up 10.0% on a year-over-year basis. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. As a group, sell-side analysts anticipate that Brady Corporation will post 6.50 EPS for the current fiscal year.

Brady Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 9th will be paid a dividend of $0.25 per share. This is a boost from Brady’s previous quarterly dividend of $0.2450. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. Brady’s dividend payout ratio (DPR) is currently 23.20%.

Insiders Place Their Bets

In other Brady news, COO Thomas DeBruine sold 1,569 shares of Brady stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $85.00, for a total value of $133,365.00. Following the transaction, the chief operating officer owned 8,381 shares in the company, valued at approximately $712,385. The trade was a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 15.60% of the company’s stock.

Brady Company Profile

Brady Corporation (NYSE:BRC) is a global manufacturer of identification and workplace safety solutions. Founded in 1914 as W.H. Brady Co in Milwaukee, Wisconsin, the company develops products that help organizations identify equipment, manage facilities, improve workplace safety and comply with operational requirements.

Its products include industrial and facility identification labels, signs, tags, safety and lockout products, wire and cable markers, barcode and RFID solutions, printers, software and specialty materials.