Prentiss Smith & Co. Inc. Buys 12,987 Shares of Brady Corporation $BRC

Prentiss Smith & Co. Inc. lifted its stake in shares of Brady Corporation (NYSE:BRC) by 22.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,984 shares of the industrial products company’s stock after buying an additional 12,987 shares during the period. Brady comprises approximately 3.1% of Prentiss Smith & Co. Inc.’s investment portfolio, making the stock its 12th biggest position. Prentiss Smith & Co. Inc. owned approximately 0.15% of Brady worth $5,539,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. First Trust Advisors LP increased its holdings in Brady by 30.7% in the 2nd quarter. First Trust Advisors LP now owns 1,169,245 shares of the industrial products company’s stock worth $79,474,000 after purchasing an additional 274,982 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in shares of Brady by 22.1% during the second quarter. Champlain Investment Partners LLC now owns 821,401 shares of the industrial products company’s stock worth $55,831,000 after purchasing an additional 148,471 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Brady by 15.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 524,913 shares of the industrial products company’s stock valued at $36,047,000 after buying an additional 71,291 shares during the period. Qube Research & Technologies Ltd raised its holdings in Brady by 37.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 322,873 shares of the industrial products company’s stock valued at $21,946,000 after buying an additional 87,606 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Brady by 1.7% in the 1st quarter. Northern Trust Corp now owns 216,892 shares of the industrial products company’s stock valued at $15,321,000 after buying an additional 3,572 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Trading Up 0.1%

NYSE BRC opened at $80.17 on Tuesday. The stock has a market capitalization of $3.78 billion, a P/E ratio of 19.60 and a beta of 0.69. The business has a 50 day simple moving average of $78.06 and a 200 day simple moving average of $75.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.39. Brady Corporation has a one year low of $62.70 and a one year high of $84.03.

Brady (NYSE:BRC) last issued its quarterly earnings results on Monday, November 17th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.03. The firm had revenue of $405.29 million for the quarter, compared to analyst estimates of $393.65 million. Brady had a return on equity of 19.06% and a net margin of 12.74%.The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 earnings per share. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. Research analysts expect that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 9th will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.98 annualized dividend and a yield of 1.2%. Brady’s dividend payout ratio is currently 23.96%.

Insider Activity at Brady

In other Brady news, Director Elizabeth P. Bruno sold 22,462 shares of Brady stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $74.69, for a total value of $1,677,686.78. Following the completion of the sale, the director directly owned 575,000 shares of the company’s stock, valued at approximately $42,946,750. The trade was a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Andrew Gorman sold 12,528 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $80.01, for a total transaction of $1,002,365.28. Following the transaction, the general counsel directly owned 14,153 shares in the company, valued at $1,132,381.53. This trade represents a 46.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 73,278 shares of company stock valued at $5,671,221. Company insiders own 15.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on BRC. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a report on Wednesday, October 8th. Wall Street Zen cut shares of Brady from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

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.