Wills Financial Group LLC Invests $2.12 Million in Brady Corporation $BRC

Wills Financial Group LLC acquired a new position in shares of Brady Corporation (NYSE:BRC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,051 shares of the industrial products company’s stock, valued at approximately $2,120,000. Wills Financial Group LLC owned about 0.06% of Brady as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BRC. Royal Bank of Canada increased its position in Brady by 380.3% in the 1st quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock valued at $456,000 after acquiring an additional 5,108 shares during the period. Millennium Management LLC lifted its holdings in shares of Brady by 1,256.9% during the first 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 during the period. NewEdge Advisors LLC grew its stake in shares of Brady by 282.3% in the first 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Brady by 7.4% in the first 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 during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Brady by 89.0% in the second quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 322 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Stock Up 1.1%

Brady stock opened at $76.11 on Wednesday. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 17.34 and a beta of 0.62. The firm’s fifty day moving average price is $82.42 and its two-hundred day moving average price is $83.87. Brady Corporation has a 1-year low of $65.76 and a 1-year high of $99.29. The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02.

Brady (NYSE:BRC) last released its quarterly earnings results on Monday, May 18th. The industrial products company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. Brady had a return on equity of 19.01% and a net margin of 12.93%.The business had revenue of $435.24 million during the quarter, compared to analyst estimates of $406.07 million. During the same period in the prior year, the firm posted $1.22 EPS. Brady’s quarterly revenue was up 13.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. On average, equities research analysts predict that Brady Corporation will post 5.25 earnings per share for the current fiscal year.

Brady Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be paid a $0.245 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.98 annualized dividend and a dividend yield of 1.3%. Brady’s payout ratio is presently 22.32%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Sidoti raised shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $103.00.

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.