Heartland Advisors Inc. Lowers Stock Position in Brady Corporation $BRC

Heartland Advisors Inc. cut its position in shares of Brady Corporation (NYSE:BRC) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,695 shares of the industrial products company’s stock after selling 11,214 shares during the period. Heartland Advisors Inc.’s holdings in Brady were worth $9,616,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in Brady during the fourth quarter worth $25,000. Richardson Financial Services Inc. boosted its holdings in Brady by 72.1% during the fourth quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock worth $30,000 after buying an additional 163 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Brady during the third quarter worth $31,000. Global Retirement Partners LLC boosted its holdings in Brady by 42.4% during the fourth quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock worth $35,000 after buying an additional 134 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Brady by 89.0% during the second quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock worth $46,000 after buying an additional 322 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings cut shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research 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 upgraded shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $103.00.

Brady Stock Performance

NYSE:BRC opened at $78.02 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01. The company has a fifty day moving average of $82.37 and a two-hundred day moving average of $83.87. The stock has a market capitalization of $3.68 billion, a PE ratio of 17.77 and a beta of 0.62. Brady Corporation has a fifty-two week low of $65.76 and a fifty-two week high of $99.29.

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

Brady Dividend Announcement

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

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.