Heartland Advisors Inc. Reduces Position in Brady Corporation $BRC

Heartland Advisors Inc. lessened its stake in shares of Brady Corporation (NYSE:BRC) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 122,695 shares of the industrial products company’s stock after selling 11,214 shares during the period. Heartland Advisors Inc. owned approximately 0.26% of Brady worth $9,616,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BRC. Flagship Harbor Advisors LLC purchased a new stake in Brady during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. grew its position in Brady by 72.1% during the 4th quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 163 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Brady during the 3rd quarter worth approximately $31,000. Global Retirement Partners LLC grew 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 purchasing an additional 134 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew 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 purchasing an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings downgraded shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Sidoti raised shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Tuesday. Finally, Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Brady has an average rating of “Buy” and a consensus price target of $103.00.

Brady Stock Up 2.1%

BRC stock opened at $78.02 on Thursday. The firm’s fifty day simple moving average is $82.37 and its 200-day simple moving average is $83.87. The company has a market capitalization of $3.68 billion, a P/E ratio of 17.77 and a beta of 0.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.01 and a quick ratio of 1.36. Brady Corporation has a 12 month low of $65.76 and a 12 month high of $99.29.

Brady (NYSE:BRC) last released its quarterly earnings data on Monday, May 18th. The industrial products company reported $1.50 EPS for the quarter, beating 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 business had revenue of $435.24 million for the quarter, compared to the consensus estimate of $406.07 million. During the same period in the prior year, the firm earned $1.22 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. As a group, equities research analysts forecast that Brady Corporation will post 5.25 earnings per share for the current year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued 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 1.3%. Brady’s dividend payout ratio is 22.32%.

Brady 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.