Franklin Resources Inc. Buys 865,131 Shares of Brady Corporation $BRC

Franklin Resources Inc. lifted its stake in shares of Brady Corporation (NYSE:BRC) by 267.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,188,189 shares of the industrial products company’s stock after purchasing an additional 865,131 shares during the quarter. Franklin Resources Inc. owned 2.52% of Brady worth $93,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in shares of Brady during the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. raised its holdings in Brady by 72.1% in the 4th quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock valued at $30,000 after buying an additional 163 shares during the last quarter. Advisory Services Network LLC bought a new stake in Brady during the 3rd quarter worth approximately $31,000. Global Retirement Partners LLC grew its holdings in Brady by 42.4% during the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 134 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Brady by 89.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 322 shares during the period. 76.28% of the stock is owned by institutional investors.

Brady Stock Performance

Shares of Brady stock opened at $78.02 on Thursday. 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 Corporation has a twelve month low of $65.76 and a twelve month high of $99.29. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 17.77 and a beta of 0.62. The company’s fifty day moving average is $82.37 and its 200 day moving average is $83.87.

Brady (NYSE:BRC) last released 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. Brady had a net margin of 12.93% and a return on equity of 19.01%. The firm had revenue of $435.24 million during the quarter, compared to analyst estimates of $406.07 million. During the same quarter last year, the business earned $1.22 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Sell-side analysts forecast that Brady Corporation will post 5.25 EPS for the current year.

Brady Announces Dividend

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

Analyst Ratings Changes

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