William Blair Investment Management LLC Sells 23,614 Shares of Brady Corporation $BRC

William Blair Investment Management LLC decreased its position in shares of Brady Corporation (NYSE:BRC) by 5.7% during the third quarter, HoldingsChannel reports. The fund owned 389,376 shares of the industrial products company’s stock after selling 23,614 shares during the quarter. William Blair Investment Management LLC’s holdings in Brady were worth $30,383,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC boosted its stake in shares of Brady by 40.5% during the 3rd quarter. Intech Investment Management LLC now owns 23,385 shares of the industrial products company’s stock worth $1,825,000 after purchasing an additional 6,737 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Brady during the third quarter valued at approximately $227,000. Guidance Capital Inc. grew its stake in shares of Brady by 3.3% during the third quarter. Guidance Capital Inc. now owns 7,674 shares of the industrial products company’s stock valued at $610,000 after buying an additional 244 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Brady by 6.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 28,744 shares of the industrial products company’s stock worth $2,243,000 after buying an additional 1,772 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in shares of Brady by 14.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 170,714 shares of the industrial products company’s stock worth $13,321,000 after acquiring an additional 21,458 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Trading Down 0.0%

BRC opened at $92.30 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $86.70 and its two-hundred day moving average is $80.72. The company has a market capitalization of $4.36 billion, a P/E ratio of 21.62 and a beta of 0.60. Brady Corporation has a 52 week low of $62.70 and a 52 week high of $99.29.

Brady (NYSE:BRC) last posted its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.09. The business had revenue of $384.14 million for the quarter, compared to the consensus estimate of $376.14 million. Brady had a return on equity of 18.62% and a net margin of 13.01%.The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS. Brady has set its FY 2026 guidance at 4.950-5.150 EPS. Analysts forecast that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Brady’s dividend payout ratio (DPR) is 22.95%.

Insiders Place Their Bets

In other news, COO Thomas F. Debruine sold 5,538 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $81.00, for a total value of $448,578.00. Following the completion of the transaction, the chief operating officer directly owned 10,181 shares of the company’s stock, valued at approximately $824,661. The trade was a 35.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brett Wilms sold 3,791 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $78.13, for a total value of $296,190.83. Following the sale, the insider owned 7,672 shares of the company’s stock, valued at $599,413.36. This trade represents a 33.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 15.60% of the company’s stock.

Analysts Set New Price Targets

BRC has been the subject of a number of recent analyst reports. Wall Street Zen cut Brady from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, Brady currently has a consensus rating of “Strong Buy”.

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.