Brady Corporation $BRC Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP decreased its position in Brady Corporation (NYSE:BRC) by 21.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,573 shares of the industrial products company’s stock after selling 16,818 shares during the quarter. Brandes Investment Partners LP’s holdings in Brady were worth $4,825,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BRC. Royal Bank of Canada lifted its holdings in shares of Brady by 380.3% in the first quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock valued at $456,000 after buying an additional 5,108 shares during the period. Millennium Management LLC lifted its holdings in shares of Brady by 1,256.9% during the first quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock valued at $13,081,000 after purchasing an additional 171,535 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Brady by 282.3% during the first quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 1,214 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Brady by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,953 shares of the industrial products company’s stock valued at $8,968,000 after purchasing an additional 8,716 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Brady by 89.0% during the second quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 322 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Analyst Upgrades and Downgrades

BRC has been the subject of several analyst reports. Sidoti raised Brady from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a report on Tuesday. Weiss Ratings downgraded Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Brady presently has an average rating of “Buy” and a consensus target price of $103.00.

Brady Stock Up 2.1%

NYSE:BRC opened at $78.02 on Thursday. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 17.77 and a beta of 0.62. Brady Corporation has a 1-year low of $65.76 and a 1-year high of $99.29. The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. The business’s fifty day moving average price is $82.37 and its 200 day moving average price is $83.87.

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

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, July 10th. Brady’s payout ratio is presently 22.32%.

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.