Inspire Investing LLC Buys 9,652 Shares of Brady Corporation $BRC

Inspire Investing LLC boosted its stake in shares of Brady Corporation (NYSE:BRC) by 25.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,099 shares of the industrial products company’s stock after buying an additional 9,652 shares during the period. Inspire Investing LLC owned approximately 0.10% of Brady worth $3,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in Brady by 13.4% during the 3rd quarter. First Trust Advisors LP now owns 1,326,113 shares of the industrial products company’s stock valued at $103,477,000 after purchasing an additional 156,868 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Brady by 24.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 150,344 shares of the industrial products company’s stock valued at $11,782,000 after purchasing an additional 29,220 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in Brady by 13.2% during the 3rd quarter. Clark Capital Management Group Inc. now owns 108,785 shares of the industrial products company’s stock valued at $8,488,000 after purchasing an additional 12,671 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Brady by 20.1% during the 4th quarter. Teacher Retirement System of Texas now owns 91,292 shares of the industrial products company’s stock valued at $7,155,000 after purchasing an additional 15,283 shares in the last quarter. Finally, Legato Capital Management LLC increased its stake in Brady by 86.0% during the 3rd quarter. Legato Capital Management LLC now owns 20,086 shares of the industrial products company’s stock valued at $1,567,000 after purchasing an additional 9,287 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

Insider Transactions at Brady

In related news, CEO Vineet A. Nargolwala bought 13,011 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were bought at an average price of $76.86 per share, for a total transaction of $1,000,025.46. Following the completion of the acquisition, the chief executive officer owned 52,709 shares of the company’s stock, valued at $4,051,213.74. This trade represents a 32.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.60% of the company’s stock.

Brady Stock Performance

Shares of BRC stock opened at $83.64 on Thursday. The company has a 50 day moving average price of $82.59 and a 200-day moving average price of $84.00. Brady Corporation has a 52 week low of $65.76 and a 52 week high of $99.29. The firm has a market capitalization of $3.94 billion, a PE ratio of 19.05 and a beta of 0.62. The company has a quick ratio of 1.36, a current ratio of 2.01 and a debt-to-equity ratio of 0.02.

Brady (NYSE:BRC) last issued its quarterly earnings data 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 net margin of 12.93% and a return on equity of 19.01%. The company had revenue of $435.24 million for the quarter, compared to the consensus estimate of $406.07 million. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The firm’s revenue for the quarter 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, equities research analysts expect that Brady Corporation will post 5.25 earnings per share for the current year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a $0.245 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.98 annualized dividend and a yield of 1.2%. Brady’s dividend payout ratio (DPR) is currently 22.32%.

Analysts Set New Price Targets

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

Brady Profile

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.