Hsbc Holdings PLC Sells 8,387 Shares of Brady Corporation $BRC

Key Points

• Hsbc Holdings PLC significantly reduced its stake in Brady Corporation by 68% in the first quarter, now holding 3,938 shares worth $278,000.
• Brady Corporation reported better-than-expected quarterly earnings with $1.26 EPS, exceeding the consensus estimate of $1.24, and a revenue increase of 15.7% year-over-year.
• The company announced a quarterly dividend increase to $0.245 per share, reflecting a 1.2% yield and a payout ratio of 23.76%.

Hsbc Holdings PLC lessened its position in Brady Corporation (NYSE:BRC - Free Report) by 68.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,938 shares of the industrial products company's stock after selling 8,387 shares during the period. Hsbc Holdings PLC's holdings in Brady were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BRC. Caitong International Asset Management Co. Ltd bought a new position in shares of Brady in the 1st quarter valued at about $74,000. Pacer Advisors Inc. bought a new position in shares of Brady in the 1st quarter valued at about $159,000. KBC Group NV grew its position in shares of Brady by 33.7% in the 1st quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock valued at $169,000 after acquiring an additional 602 shares during the period. NBC Securities Inc. grew its position in shares of Brady by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 3,000 shares of the industrial products company's stock valued at $211,000 after acquiring an additional 2,997 shares during the period. Finally, apricus wealth LLC bought a new position in shares of Brady in the 1st quarter valued at about $218,000. Institutional investors own 76.28% of the company's stock.

Brady Stock Performance

Brady stock traded down $0.11 during midday trading on Wednesday, hitting $78.42. The company's stock had a trading volume of 150,444 shares, compared to its average volume of 169,793. Brady Corporation has a 1-year low of $62.70 and a 1-year high of $84.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.27. The company has a 50-day moving average price of $72.70 and a two-hundred day moving average price of $70.85. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 19.95 and a beta of 0.83.

Brady (NYSE:BRC - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.02. Brady had a net margin of 12.50% and a return on equity of 19.29%. The business had revenue of $397.28 million during the quarter, compared to analysts' expectations of $384.67 million. During the same quarter in the previous year, the company earned $1.19 EPS. The business's revenue was up 15.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. As a group, sell-side analysts predict that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be paid a $0.245 dividend. This is a positive change from Brady's previous quarterly dividend of $0.24. The ex-dividend date is Friday, October 10th. This represents a $0.98 annualized dividend and a yield of 1.2%. Brady's dividend payout ratio is presently 24.43%.

Analyst Ratings Changes

BRC has been the subject of a number of analyst reports. Sidoti raised shares of Brady to a "strong-buy" rating in a research report on Monday, May 19th. Wall Street Zen upgraded shares of Brady from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Brady has a consensus rating of "Strong Buy".

About Brady

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.