Intech Investment Management LLC Increases Stock Holdings in Brady Corporation $BRC

Intech Investment Management LLC lifted its holdings in Brady Corporation (NYSE:BRC) by 140.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,198 shares of the industrial products company’s stock after buying an additional 32,813 shares during the quarter. Intech Investment Management LLC’s holdings in Brady were worth $4,404,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on BRC. Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Weiss Ratings downgraded Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Brady Stock Performance

Shares of BRC stock opened at $85.87 on Monday. The stock has a fifty day moving average price of $82.12 and a 200 day moving average price of $83.41. The stock has a market cap of $4.05 billion, a PE ratio of 19.56 and a beta of 0.62. Brady Corporation has a 1 year low of $65.76 and a 1 year high of $99.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01.

Brady (NYSE:BRC) last issued its quarterly earnings data 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. The firm had revenue of $435.24 million during the quarter, compared to analysts’ expectations of $406.07 million. Brady had a return on equity of 19.01% and a net margin of 12.93%.Brady’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 earnings per share. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Sell-side analysts forecast that Brady Corporation will post 5.25 earnings per share for the current fiscal year.

Brady Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.1%. Brady’s payout ratio is currently 22.32%.

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.