UBS Group AG Cuts Stake in Brady Corporation $BRC

UBS Group AG lessened its stake in shares of Brady Corporation (NYSE:BRC) by 61.4% during the fourth quarter, HoldingsChannel reports. The firm owned 69,188 shares of the industrial products company’s stock after selling 109,942 shares during the period. UBS Group AG’s holdings in Brady were worth $5,422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of Brady by 380.3% during the 1st quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock valued at $456,000 after buying an additional 5,108 shares during the period. Millennium Management LLC boosted its holdings in Brady by 1,256.9% in the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock worth $13,081,000 after acquiring an additional 171,535 shares during the period. NewEdge Advisors LLC grew its position in Brady by 282.3% in the first quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 1,214 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Brady by 7.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,953 shares of the industrial products company’s stock valued at $8,968,000 after acquiring an additional 8,716 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Brady by 89.0% during the second quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 322 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BRC. Weiss Ratings downgraded shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of Brady from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Brady Stock Performance

Shares of BRC opened at $85.70 on Thursday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 19.52 and a beta of 0.61. 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 business’s 50 day moving average is $81.99 and its two-hundred day moving average is $82.85. Brady Corporation has a 52-week low of $65.76 and a 52-week high of $99.29.

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, topping analysts’ consensus estimates of $1.35 by $0.15. The business had revenue of $435.24 million during 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%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 earnings per share. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Analysts forecast that Brady Corporation will post 5.25 EPS for the current fiscal year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders 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 annualized dividend and a dividend yield of 1.1%. Brady’s payout ratio is presently 22.95%.

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.