GW&K Investment Management LLC Has $17.58 Million Holdings in Brady Corporation $BRC

GW&K Investment Management LLC decreased its position in Brady Corporation (NYSE:BRC) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,249 shares of the industrial products company’s stock after selling 7,147 shares during the quarter. GW&K Investment Management LLC owned approximately 0.48% of Brady worth $17,576,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BRC. Quent Capital LLC purchased a new position in Brady in the third quarter valued at approximately $43,000. EverSource Wealth Advisors LLC raised 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 during the period. Tower Research Capital LLC TRC grew its stake in shares of Brady by 156.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 618 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Brady in the second quarter valued at approximately $91,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Brady by 282.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock valued at $116,000 after buying an additional 1,214 shares in the last quarter. 76.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen downgraded Brady from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brady in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Brady Stock Performance

NYSE BRC opened at $89.82 on Friday. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $99.29. The company has a fifty day moving average of $87.53 and a 200-day moving average of $81.10. The company has a market capitalization of $4.24 billion, a P/E ratio of 21.04 and a beta of 0.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.40 and a current ratio of 2.13.

Brady (NYSE:BRC) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.09. Brady had a return on equity of 18.62% and a net margin of 13.01%.The business had revenue of $384.14 million for the quarter, compared to the consensus estimate of $376.14 million. During the same quarter last year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.950-5.150 EPS. As a group, equities research analysts predict that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, April 9th. Brady’s dividend payout ratio is presently 22.95%.

Insider Buying and Selling

In related news, insider Brett Wilms sold 3,791 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $78.13, for a total value of $296,190.83. Following the completion of the sale, the insider owned 7,672 shares of the company’s stock, valued at $599,413.36. This trade represents a 33.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Thomas F. Debruine sold 5,538 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $81.00, for a total transaction of $448,578.00. Following the transaction, the chief operating officer directly owned 10,181 shares in the company, valued at approximately $824,661. The trade was a 35.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 15.60% of the company’s stock.

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.