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

GW&K Investment Management LLC boosted its holdings in Brady Corporation (NYSE:BRC) by 7.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 242,338 shares of the industrial products company’s stock after buying an additional 17,089 shares during the quarter. GW&K Investment Management LLC’s holdings in Brady were worth $18,992,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRC. Royal Bank of Canada boosted its stake in Brady by 380.3% in the 1st quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock worth $456,000 after purchasing an additional 5,108 shares during the period. Millennium Management LLC boosted its stake in 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. NewEdge Advisors LLC boosted its stake in Brady by 282.3% in the 1st quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 1,214 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Brady by 7.4% in the 1st 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 worth $8,968,000 after purchasing an additional 8,716 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Brady by 89.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock worth $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 Stock Up 2.1%

BRC stock opened at $78.02 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. Brady Corporation has a 1 year low of $65.76 and a 1 year high of $99.29. The company has a fifty day simple moving average of $82.37 and a 200 day simple moving average of $83.87. The firm has a market cap of $3.68 billion, a PE ratio of 17.77 and a beta of 0.62.

Brady (NYSE:BRC) last released its quarterly earnings data on Monday, May 18th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $435.24 million during the quarter, compared to analyst estimates of $406.07 million. During the same quarter in the previous year, the business earned $1.22 EPS. Brady’s quarterly 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 anticipate that Brady Corporation will post 5.25 EPS for the current fiscal year.

Brady Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BRC shares. Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Sidoti raised shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Tuesday. 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 an average target price of $103.00.

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.