Legato Capital Management LLC Buys 13,119 Shares of Brady Corporation $BRC

Legato Capital Management LLC grew its position in Brady Corporation (NYSE:BRC) by 65.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,205 shares of the industrial products company’s stock after purchasing an additional 13,119 shares during the quarter. Legato Capital Management LLC’s holdings in Brady were worth $2,602,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Flagship Harbor Advisors LLC bought a new stake in shares of Brady during the 4th quarter worth $25,000. Richardson Financial Services Inc. raised its holdings in Brady by 72.1% in the 4th quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares during the period. Advisory Services Network LLC bought a new position in Brady in the 3rd quarter worth $31,000. Global Retirement Partners LLC lifted its position in Brady by 42.4% during the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 134 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Brady by 89.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 322 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Price Performance

NYSE:BRC opened at $87.40 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.01 and a quick ratio of 1.40. Brady Corporation has a one year low of $65.76 and a one year high of $99.29. The company has a fifty day moving average price of $81.96 and a 200 day moving average price of $82.95. The stock has a market cap of $4.13 billion, a P/E ratio of 19.91 and a beta of 0.61.

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, topping the consensus estimate of $1.35 by $0.15. Brady had a net margin of 12.93% and a return on equity of 19.01%. The company had revenue of $435.24 million for the quarter, compared to analyst estimates of $406.07 million. During the same period last year, the business posted $1.22 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis. 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 year.

Brady Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be given a dividend of $0.245 per share. 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 22.32%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BRC shares. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings downgraded Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus 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.