Goldman Sachs Group Inc. Sells 10,346 Shares of Brady Corporation $BRC

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Brady Corporation by 12%, now holding 75,799 shares valued at approximately $5.35 million after selling 10,346 shares during the first quarter.
• Brady Corporation has received recent analyst upgrades, with a consensus rating of "Strong Buy", reflecting improved investor confidence in the stock.
• The company announced a quarterly dividend increase to $0.245 per share, which will be distributed on October 31st, resulting in an annualized yield of 1.2%.

Goldman Sachs Group Inc. reduced its stake in Brady Corporation (NYSE:BRC - Free Report) by 12.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,799 shares of the industrial products company's stock after selling 10,346 shares during the quarter. Goldman Sachs Group Inc. owned about 0.16% of Brady worth $5,354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its holdings in Brady by 196.6% in the 1st quarter. Neuberger Berman Group LLC now owns 1,614,375 shares of the industrial products company's stock worth $114,039,000 after acquiring an additional 1,070,000 shares during the last quarter. Wellington Management Group LLP raised its holdings in Brady by 4.1% in the 4th quarter. Wellington Management Group LLP now owns 674,593 shares of the industrial products company's stock worth $49,819,000 after acquiring an additional 26,769 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in Brady by 63.9% in the 1st quarter. Champlain Investment Partners LLC now owns 672,930 shares of the industrial products company's stock worth $47,536,000 after acquiring an additional 262,454 shares during the last quarter. Royce & Associates LP raised its holdings in Brady by 2.8% in the 1st quarter. Royce & Associates LP now owns 623,734 shares of the industrial products company's stock worth $44,061,000 after acquiring an additional 17,018 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Brady by 29.7% in the 1st quarter. Allianz Asset Management GmbH now owns 516,499 shares of the industrial products company's stock worth $36,485,000 after acquiring an additional 118,133 shares during the last quarter. 76.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Sidoti upgraded shares of Brady to a "strong-buy" rating in a report on Monday, May 19th. Wall Street Zen upgraded shares of Brady from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Brady presently has a consensus rating of "Strong Buy".

Brady Trading Up 1.7%

NYSE:BRC opened at $80.74 on Tuesday. 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 firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 20.54 and a beta of 0.83. Brady Corporation has a one year low of $62.70 and a one year high of $84.03. The business has a fifty day moving average price of $73.33 and a 200-day moving average price of $70.98.

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

Brady Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be issued a $0.245 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.98 annualized dividend and a yield of 1.2%. This is an increase from Brady's previous quarterly dividend of $0.24. Brady's payout ratio 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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