Swedbank AB Has $21.19 Million Stock Holdings in Brady Corporation $BRC

Key Points

• Swedbank AB has reduced its stake in Brady Corporation by 14.3%, owning approximately 300,000 shares valued at $21.19 million as of the latest SEC filing.
• Brady Corporation recently announced an increase in its quarterly dividend to $0.245, reflecting a dividend yield of 1.2% and a payout ratio of 24.43%.
• Analysts have shown a positive outlook for Brady's stock, with a consensus rating of "Strong Buy" after upgrades from Wall Street firms.

Swedbank AB lessened its stake in shares of Brady Corporation (NYSE:BRC - Free Report) by 14.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 300,000 shares of the industrial products company's stock after selling 50,000 shares during the quarter. Swedbank AB owned about 0.63% of Brady worth $21,192,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in Brady by 1.2% during the first quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company's stock worth $1,307,000 after acquiring an additional 215 shares during the period. Quarry LP bought a new position in Brady during the first quarter worth about $25,000. Hancock Whitney Corp increased its position in Brady by 14.7% during the first quarter. Hancock Whitney Corp now owns 3,403 shares of the industrial products company's stock worth $240,000 after acquiring an additional 437 shares during the period. Deutsche Bank AG increased its position in Brady by 22.3% during the fourth quarter. Deutsche Bank AG now owns 3,270 shares of the industrial products company's stock worth $241,000 after acquiring an additional 597 shares during the period. Finally, KBC Group NV increased its position in Brady by 33.7% during the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock worth $169,000 after acquiring an additional 602 shares during the period. Institutional investors and hedge funds own 76.28% of the company's stock.

Wall Street Analyst Weigh In

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

Brady Price Performance

Shares of NYSE:BRC opened at $79.42 on Monday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 20.21 and a beta of 0.83. 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 50 day simple moving average of $73.09 and a 200 day simple moving average of $70.92. Brady Corporation has a one year low of $62.70 and a one year high of $84.03.

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 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 firm had revenue of $397.28 million for the quarter, compared to analyst estimates of $384.67 million. During the same period in the previous year, the firm posted $1.19 EPS. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Research analysts predict that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The company also recently declared 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. This is an increase from Brady's previous quarterly dividend of $0.24. The ex-dividend date is Friday, October 10th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.2%. Brady's dividend payout ratio is presently 24.43%.

Brady Company Profile

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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