Gallacher Capital Management LLC Invests $242,000 in Brady Corporation $BRC

Key Points

• Gallacher Capital Management LLC has invested approximately $242,000 in Brady Corporation by acquiring 3,567 shares during the second quarter.
• Brady recently increased its quarterly dividend to $0.245, payable on October 31st, marking a positive change from the previous quarter's dividend of $0.24.
• Wall Street analysts are optimistic about Brady, with an average rating of "Strong Buy" according to recent reports, reflecting positive growth expectations.

Gallacher Capital Management LLC acquired a new position in Brady Corporation (NYSE:BRC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,567 shares of the industrial products company's stock, valued at approximately $242,000.

Other hedge funds have also added to or reduced their stakes in the company. Voya Investment Management LLC increased its stake in Brady by 67.3% in the 1st quarter. Voya Investment Management LLC now owns 31,675 shares of the industrial products company's stock valued at $2,238,000 after buying an additional 12,738 shares during the last quarter. Inspire Investing LLC grew its holdings in shares of Brady by 2.9% in the 1st quarter. Inspire Investing LLC now owns 35,675 shares of the industrial products company's stock valued at $2,520,000 after acquiring an additional 1,013 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 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 during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Brady during the first quarter worth about $381,000. Finally, NewEdge Advisors LLC boosted its position in Brady by 282.3% during the first quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company's stock valued at $116,000 after purchasing an additional 1,214 shares during the last quarter. Institutional investors own 76.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen raised Brady from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Sidoti upgraded shares of Brady to a "strong-buy" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has an average rating of "Strong Buy".

Brady Price Performance

NYSE:BRC opened at $80.74 on Tuesday. The company has a market cap of $3.80 billion, a P/E ratio of 20.54 and a beta of 0.83. The firm's fifty day moving average price is $73.33 and its two-hundred day moving average price is $70.98. Brady Corporation has a one year low of $62.70 and a one 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.

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

Brady Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be given a $0.245 dividend. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Brady's previous quarterly dividend of $0.24. This represents a $0.98 annualized dividend and a dividend yield of 1.2%. Brady's dividend payout ratio (DPR) is currently 24.43%.

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.

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