Squarepoint Ops LLC Purchases 19,771 Shares of Brady Corporation $BRC

by · The Markets Daily

Squarepoint Ops LLC increased its position in Brady Corporation (NYSE:BRC – Free Report) by 107.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,121 shares of the industrial products company’s stock after acquiring an additional 19,771 shares during the period. Squarepoint Ops LLC owned about 0.08% of Brady worth $2,591,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. First Trust Advisors LP boosted its position in Brady by 30.7% in the second 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 during the last quarter. Champlain Investment Partners LLC increased its position in shares of Brady by 63.9% during the 1st quarter. Champlain Investment Partners LLC now owns 672,930 shares of the industrial products company’s stock valued at $47,536,000 after purchasing an additional 262,454 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Brady by 1,256.9% in the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock worth $13,081,000 after purchasing an additional 171,535 shares during the period. Seizert Capital Partners LLC boosted its holdings in shares of Brady by 194.8% in the second quarter. Seizert Capital Partners LLC now owns 208,461 shares of the industrial products company’s stock worth $14,169,000 after buying an additional 137,748 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Brady in the first quarter worth approximately $6,775,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Price Performance

NYSE BRC opened at $81.60 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. Brady Corporation has a 12 month low of $62.70 and a 12 month high of $84.03. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 19.95 and a beta of 0.69. The company’s 50 day moving average is $77.04 and its two-hundred day moving average is $74.36.

Brady (NYSE:BRC – Get Free Report) last posted its quarterly earnings results on Monday, November 17th. The industrial products company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.03. The business had revenue of $405.29 million during the quarter, compared to analyst estimates of $393.65 million. Brady had a net margin of 12.74% and a return on equity of 19.06%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. As a group, research analysts anticipate that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 9th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.98 dividend on an annualized basis and a yield of 1.2%. Brady’s dividend payout ratio (DPR) is currently 23.96%.

Insiders Place Their Bets

In related news, CEO Russell Shaller sold 17,130 shares of Brady stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $81.25, for a total transaction of $1,391,812.50. Following the sale, the chief executive officer owned 141,421 shares of the company’s stock, valued at approximately $11,490,456.25. This trade represents a 10.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Andrew Gorman sold 12,528 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $80.01, for a total value of $1,002,365.28. Following the completion of the transaction, the general counsel directly owned 14,153 shares in the company, valued at approximately $1,132,381.53. This represents a 46.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 73,278 shares of company stock valued at $5,671,221 in the last ninety days. Insiders own 15.60% of the company’s stock.

Analyst Upgrades and Downgrades

BRC has been the subject of a number of research reports. Wall Street Zen cut shares of Brady from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

View Our Latest Report on Brady

Brady Company Profile

(Free Report)

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.

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