Brady Corporation $BRC Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC raised its position in Brady Corporation (NYSE:BRC) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 242,338 shares of the industrial products company’s stock after purchasing an additional 17,089 shares during the quarter. GW&K Investment Management LLC owned about 0.51% of Brady worth $18,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BRC. Royal Bank of Canada increased its stake 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 purchasing an additional 5,108 shares during the period. Millennium Management LLC increased its stake in shares of Brady by 1,256.9% in 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 period. NewEdge Advisors LLC increased its stake in shares of Brady by 282.3% in 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Brady by 7.4% in 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 period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Brady by 89.0% in 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 period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Price Performance

NYSE BRC opened at $78.02 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.01 and a quick ratio of 1.36. The firm has a market capitalization of $3.68 billion, a PE ratio of 17.77 and a beta of 0.62. Brady Corporation has a 12 month low of $65.76 and a 12 month high of $99.29. The company’s 50 day simple moving average is $82.37 and its 200 day simple moving average 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 (EPS) for the quarter, topping 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 net margin of 12.93% and a return on equity of 19.01%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.22 earnings per share. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. As a group, equities research analysts forecast that Brady Corporation will post 5.25 EPS for the current fiscal year.

Brady Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, Sidoti upgraded shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Tuesday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $103.00.

Brady Company 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.