Clark Capital Management Group Inc. Has $8.49 Million Position in Brady Corporation $BRC

Clark Capital Management Group Inc. grew its stake in shares of Brady Corporation (NYSE:BRC) by 13.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 108,785 shares of the industrial products company’s stock after acquiring an additional 12,671 shares during the period. Clark Capital Management Group Inc.’s holdings in Brady were worth $8,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its stake in Brady by 8.5% in the third quarter. Bank of America Corp DE now owns 61,405 shares of the industrial products company’s stock valued at $4,791,000 after purchasing an additional 4,810 shares in the last quarter. Creative Planning increased its position in Brady by 16.8% in the 3rd quarter. Creative Planning now owns 12,348 shares of the industrial products company’s stock worth $963,000 after purchasing an additional 1,773 shares during the last quarter. Amundi raised its stake in shares of Brady by 3.4% during the 3rd quarter. Amundi now owns 8,135 shares of the industrial products company’s stock worth $617,000 after purchasing an additional 266 shares in the last quarter. Man Group plc lifted its holdings in shares of Brady by 32.8% during the 3rd quarter. Man Group plc now owns 26,059 shares of the industrial products company’s stock valued at $2,033,000 after buying an additional 6,436 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Brady by 3.9% in the 3rd quarter. California State Teachers Retirement System now owns 39,439 shares of the industrial products company’s stock valued at $3,077,000 after buying an additional 1,486 shares in the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRC has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a report on Wednesday, January 21st. Wall Street Zen cut shares of Brady from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Brady has a consensus rating of “Strong Buy”.

Brady Stock Performance

Shares of BRC opened at $85.19 on Monday. The company has a market capitalization of $4.02 billion, a PE ratio of 19.95 and a beta of 0.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.40. Brady Corporation has a one year low of $62.70 and a one year high of $99.29. The company’s fifty day moving average price is $88.27 and its 200 day moving average price is $81.57.

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

Brady Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be issued a $0.245 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $0.98 dividend on an annualized basis and a yield of 1.2%. Brady’s dividend payout ratio (DPR) is 22.95%.

Insider Transactions at Brady

In other Brady news, COO Thomas F. Debruine sold 5,538 shares of Brady stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 10,181 shares of the company’s stock, valued at $824,661. The trade was a 35.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 15.60% of the stock is owned by company insiders.

About Brady

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.