William Blair Investment Management LLC Trims Stock Holdings in Brady Corporation $BRC

William Blair Investment Management LLC trimmed its holdings in Brady Corporation (NYSE:BRC) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,534 shares of the industrial products company’s stock after selling 36,842 shares during the period. William Blair Investment Management LLC’s holdings in Brady were worth $27,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP grew its position in shares of Brady by 13.4% during the 3rd quarter. First Trust Advisors LP now owns 1,326,113 shares of the industrial products company’s stock valued at $103,477,000 after purchasing an additional 156,868 shares in the last quarter. Royce & Associates LP grew its position in shares of Brady by 1.0% during the 3rd quarter. Royce & Associates LP now owns 674,248 shares of the industrial products company’s stock valued at $52,612,000 after purchasing an additional 6,922 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Brady by 502,257.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 452,122 shares of the industrial products company’s stock valued at $35,433,000 after purchasing an additional 452,032 shares in the last quarter. Qube Research & Technologies Ltd grew its position in shares of Brady by 15.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 371,541 shares of the industrial products company’s stock valued at $28,991,000 after purchasing an additional 48,668 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Brady during the 3rd quarter valued at $25,208,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Stock Down 0.1%

BRC opened at $87.40 on Tuesday. The company has a fifty day moving average price of $82.00 and a 200-day moving average price of $83.09. The firm has a market capitalization of $4.13 billion, a P/E ratio of 19.91 and a beta of 0.61. 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.

Brady (NYSE:BRC) last posted its quarterly earnings data on Monday, May 18th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $406.07 million. During the same period in the previous year, the firm posted $1.22 EPS. The firm’s 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. Equities research analysts expect that Brady Corporation will post 5.25 earnings per share for the current fiscal year.

Brady Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings lowered 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. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Brady 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.