Brady Corporation $BRC Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its position in shares of Brady Corporation (NYSE:BRC) by 9.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 740,635 shares of the industrial products company’s stock after acquiring an additional 66,387 shares during the quarter. Brady accounts for approximately 0.6% of Royce & Associates LP’s investment portfolio, making the stock its 24th biggest position. Royce & Associates LP owned 1.57% of Brady worth $58,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BRC. Northwestern Mutual Wealth Management Co. boosted its holdings in Brady by 502,257.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 452,122 shares of the industrial products company’s stock valued at $35,433,000 after acquiring an additional 452,032 shares during the period. Franklin Resources Inc. purchased a new position in Brady during the 3rd quarter valued at about $25,208,000. Millennium Management LLC boosted its holdings in Brady by 1,256.9% during the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock valued at $13,081,000 after acquiring an additional 171,535 shares during the period. First Trust Advisors LP boosted its holdings in Brady by 13.4% during the 3rd quarter. First Trust Advisors LP now owns 1,326,113 shares of the industrial products company’s stock valued at $103,477,000 after acquiring an additional 156,868 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in Brady by 37.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 322,873 shares of the industrial products company’s stock valued at $21,946,000 after acquiring an additional 87,606 shares during the period. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Price Performance

BRC stock opened at $87.40 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.01 and a quick ratio of 1.40. The firm has a market capitalization of $4.13 billion, a P/E ratio of 19.91 and a beta of 0.61. The business’s 50-day moving average is $82.00 and its two-hundred day moving average is $83.09. Brady Corporation has a 1 year low of $65.76 and a 1 year high of $99.29.

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 analysts’ consensus estimates 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%.Brady’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 EPS. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Analysts anticipate that Brady Corporation will post 5.25 earnings per share for the current fiscal year.

Brady Dividend Announcement

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 given 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 yield of 1.1%. Brady’s dividend payout ratio (DPR) is currently 22.32%.

Analysts Set New Price Targets

A number of brokerages recently commented on BRC. Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings cut Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “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.