Legato Capital Management LLC Has $2.60 Million Position in Brady Corporation $BRC

Legato Capital Management LLC grew its holdings in Brady Corporation (NYSE:BRC) by 65.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,205 shares of the industrial products company’s stock after purchasing an additional 13,119 shares during the period. Legato Capital Management LLC owned approximately 0.07% of Brady worth $2,602,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Flagship Harbor Advisors LLC acquired a new stake in Brady during the 4th quarter worth about $25,000. Richardson Financial Services Inc. grew its position in Brady by 72.1% during the fourth quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 163 shares in the last quarter. Advisory Services Network LLC acquired a new position in Brady in the 3rd quarter valued at approximately $31,000. Global Retirement Partners LLC increased its stake in Brady by 42.4% in the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock valued at $35,000 after buying an additional 134 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in 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 buying an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Stock Performance

BRC stock opened at $87.40 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.01 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 19.91 and a beta of 0.61. Brady Corporation has a 12 month low of $65.76 and a 12 month high of $99.29. The firm has a 50 day moving average of $81.96 and a two-hundred day moving average of $82.95.

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

Brady Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be given a $0.245 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.1%. Brady’s payout ratio is currently 22.32%.

Analysts Set New Price Targets

BRC has been the topic of several research analyst reports. Weiss Ratings cut shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average 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.