Royce & Associates LP raised its stake in Brady Corporation (NYSE:BRC – Free Report) by 9.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 740,635 shares of the industrial products company’s stock after purchasing an additional 66,387 shares during the quarter. Brady accounts for about 0.6% of Royce & Associates LP’s portfolio, making the stock its 24th largest position. Royce & Associates LP’s holdings in Brady were worth $58,044,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. First Trust Advisors LP lifted its stake in Brady by 13.4% during the third quarter. First Trust Advisors LP now owns 1,326,113 shares of the industrial products company’s stock worth $103,477,000 after purchasing an additional 156,868 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Brady by 502,257.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 452,122 shares of the industrial products company’s stock worth $35,433,000 after purchasing an additional 452,032 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in Brady by 15.1% during the third quarter. Qube Research & Technologies Ltd now owns 371,541 shares of the industrial products company’s stock worth $28,991,000 after purchasing an additional 48,668 shares during the last quarter. Franklin Resources Inc. purchased a new stake in Brady during the third quarter worth approximately $25,208,000. Finally, Seizert Capital Partners LLC lifted its stake in Brady by 6.2% during the fourth quarter. Seizert Capital Partners LLC now owns 205,965 shares of the industrial products company’s stock worth $16,141,000 after purchasing an additional 12,073 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.
Analyst Ratings Changes
BRC has been the subject of several recent analyst reports. Weiss Ratings cut Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Brady has a consensus rating of “Buy”.
Brady Trading Down 0.1%
BRC opened at $87.40 on Tuesday. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 19.91 and a beta of 0.61. Brady Corporation has a 52 week low of $65.76 and a 52 week high of $99.29. The business’s 50 day moving average is $82.00 and its two-hundred day moving average is $83.09. The company has a quick ratio of 1.40, a current ratio of 2.01 and a debt-to-equity ratio of 0.02.
Brady (NYSE:BRC – Get Free Report) last released its quarterly earnings results on Monday, May 18th. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.35 by $0.15. The company 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%.The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 earnings per share. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. On average, research analysts predict that Brady Corporation will post 5.25 EPS for the current year.
Brady Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a $0.245 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.1%. Brady’s payout ratio is presently 22.32%.
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.
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