Vanguard Group Inc. Trims Stake in Brady Corporation $BRC

Vanguard Group Inc. trimmed its stake in Brady Corporation (NYSE:BRC) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,839,662 shares of the industrial products company’s stock after selling 101,640 shares during the period. Vanguard Group Inc. owned 0.10% of Brady worth $379,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BRC. Royal Bank of Canada increased its stake in shares of Brady by 380.3% in the 1st quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock worth $456,000 after purchasing an additional 5,108 shares in the last quarter. Millennium Management LLC increased its stake in shares of Brady by 1,256.9% in the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock worth $13,081,000 after purchasing an additional 171,535 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Brady by 282.3% in the 1st quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 1,214 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Brady by 7.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,953 shares of the industrial products company’s stock worth $8,968,000 after purchasing an additional 8,716 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Brady by 89.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 322 shares in the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on BRC shares. Weiss Ratings restated a “buy (b)” rating on shares of Brady in a research note on Wednesday, January 21st. Wall Street Zen lowered Brady from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Brady Trading Down 0.6%

Shares of BRC stock opened at $80.87 on Thursday. 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 0.06, a quick ratio of 1.40 and a current ratio of 2.13. The firm has a market capitalization of $3.82 billion, a PE ratio of 18.94 and a beta of 0.61. The stock has a fifty day simple moving average of $84.61 and a two-hundred day simple moving average of $82.80.

Brady (NYSE:BRC) last issued 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. Brady had a return on equity of 18.62% and a net margin of 13.01%.The business had revenue of $384.14 million during the quarter, compared to analyst estimates of $376.14 million. During the same quarter in the prior year, the business posted $1.00 EPS. Brady’s revenue for the quarter was up 7.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.950-5.150 EPS. On average, analysts predict that Brady Corporation will post 5.05 EPS for the current fiscal year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, April 9th. Brady’s dividend payout ratio is presently 22.95%.

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.