Brady Corporation $BRC Stock Holdings Increased by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. boosted its holdings in shares of Brady Corporation (NYSE:BRC) by 13.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,785 shares of the industrial products company’s stock after purchasing an additional 12,671 shares during the period. Clark Capital Management Group Inc. owned approximately 0.23% of Brady worth $8,488,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BRC. Prentiss Smith & Co. Inc. lifted its position in shares of Brady by 22.4% during the 3rd quarter. Prentiss Smith & Co. Inc. now owns 70,984 shares of the industrial products company’s stock valued at $5,539,000 after acquiring an additional 12,987 shares during the last quarter. Vise Technologies Inc. acquired a new position in shares of Brady in the 2nd quarter worth $457,000. Quantbot Technologies LP raised its position in shares of Brady by 245.8% during the second quarter. Quantbot Technologies LP now owns 19,556 shares of the industrial products company’s stock worth $1,329,000 after purchasing an additional 13,901 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Brady by 187.7% during the third quarter. Assenagon Asset Management S.A. now owns 128,292 shares of the industrial products company’s stock worth $10,011,000 after purchasing an additional 83,694 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Brady during the second quarter valued at $748,000. Institutional investors and hedge funds own 76.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BRC. Wall Street Zen lowered Brady from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed 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 assigned a Buy rating to the stock. Based on data from MarketBeat.com, Brady has an average rating of “Strong Buy”.

Brady Price Performance

BRC opened at $85.19 on Monday. The firm has a market capitalization of $4.02 billion, a P/E ratio of 19.95 and a beta of 0.60. The stock has a fifty day moving average of $88.27 and a 200-day moving average of $81.57. The company has a quick ratio of 1.40, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. Brady Corporation has a 12-month low of $62.70 and a 12-month high of $99.29.

Brady (NYSE:BRC) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.09 earnings per share for the quarter, meeting 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%.Brady’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. Brady has set its FY 2026 guidance at 4.950-5.150 EPS. Equities analysts forecast that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

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

Insider Buying and Selling at Brady

In other news, COO Thomas F. Debruine sold 5,538 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $81.00, for a total value of $448,578.00. Following the completion of the sale, the chief operating officer directly owned 10,181 shares of the company’s stock, valued at $824,661. This represents a 35.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.60% of the stock is owned by corporate 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.