Wills Financial Group LLC Takes $2.12 Million Position in Brady Corporation $BRC

Wills Financial Group LLC bought a new position in Brady Corporation (NYSE:BRC) during the 4th quarter, Holdings Channel reports. The institutional investor bought 27,051 shares of the industrial products company’s stock, valued at approximately $2,120,000.

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP grew its holdings in shares of 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 in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Brady by 24.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 150,344 shares of the industrial products company’s stock valued at $11,782,000 after purchasing an additional 29,220 shares in the last quarter. Clark Capital Management Group Inc. raised its stake in Brady by 13.2% in the third quarter. Clark Capital Management Group Inc. now owns 108,785 shares of the industrial products company’s stock valued at $8,488,000 after purchasing an additional 12,671 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Brady by 20.1% during the fourth quarter. Teacher Retirement System of Texas now owns 91,292 shares of the industrial products company’s stock valued at $7,155,000 after purchasing an additional 15,283 shares during the last quarter. Finally, Legato Capital Management LLC grew its stake in Brady by 86.0% in the 3rd quarter. Legato Capital Management LLC now owns 20,086 shares of the industrial products company’s stock worth $1,567,000 after buying an additional 9,287 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

Analyst Ratings Changes

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

Brady Price Performance

BRC stock opened at $76.11 on Wednesday. The firm has a market cap of $3.59 billion, a P/E ratio of 17.34 and a beta of 0.62. The firm’s fifty day moving average is $82.42 and its 200 day moving average is $83.87. Brady Corporation has a 52 week low of $65.76 and a 52 week high of $99.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01.

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, 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 period in the prior year, the business posted $1.22 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Research analysts predict that Brady Corporation will post 5.25 earnings per share for the current year.

Brady Announces Dividend

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