Company Overview - Paradiem sold its entire holding of 166,374 shares of Brady Corporation, with an estimated transaction value of approximately $12.98 million based on the last disclosed position [2][3][6] - As of the last market close, Brady Corporation's shares were priced at $80.80, with a market capitalization of $3.81 billion and a revenue of $1.54 billion for the trailing twelve months (TTM) [4][6] - Brady Corporation reported a net income of $196.41 million for the TTM [4] Financial Performance - In the most recent quarter, Brady Corporation achieved a year-over-year sales growth of 7.5%, totaling $405.3 million, driven by organic growth and acquisitions [11] - Adjusted diluted earnings per share (EPS) increased by 8% to $1.21, while operating cash flow surged by 42.5% to $33.4 million [11] - The company raised the low end of its full-year adjusted EPS guidance to a range of $4.90 to $5.15, indicating strong execution and margin discipline [11] Market Position and Strategy - Brady Corporation specializes in identification solutions and workplace safety products, serving a diverse range of sectors including industrial manufacturing, healthcare, and government [8][9] - The company maintains a conservative balance sheet with a net cash position of approximately $67 million at the end of the quarter [11] - The broader portfolio of Paradiem suggests a strategic shift towards higher-beta cyclicals and large-cap industrial exposure, rather than a rejection of Brady's steady mid-cap profile [12]