Allianz Asset Management GmbH Lowers Stock Position in Brady Corporation $BRC

Allianz Asset Management GmbH cut its stake in shares of Brady Corporation (NYSE:BRC) by 18.4% in the third quarter, Holdings Channel.com reports. The fund owned 248,831 shares of the industrial products company’s stock after selling 56,076 shares during the period. Allianz Asset Management GmbH’s holdings in Brady were worth $19,416,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BRC. First Trust Advisors LP increased its holdings in Brady by 30.7% in the 2nd quarter. First Trust Advisors LP now owns 1,169,245 shares of the industrial products company’s stock valued at $79,474,000 after purchasing an additional 274,982 shares during the last quarter. Champlain Investment Partners LLC boosted its position in shares of Brady by 22.1% during the second quarter. Champlain Investment Partners LLC now owns 821,401 shares of the industrial products company’s stock worth $55,831,000 after buying an additional 148,471 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Brady by 15.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 524,913 shares of the industrial products company’s stock valued at $36,047,000 after buying an additional 71,291 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Brady by 37.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 322,873 shares of the industrial products company’s stock valued at $21,946,000 after buying an additional 87,606 shares during the period. Finally, Seizert Capital Partners LLC lifted its stake in Brady by 194.8% during the 2nd quarter. Seizert Capital Partners LLC now owns 208,461 shares of the industrial products company’s stock worth $14,169,000 after acquiring an additional 137,748 shares in the last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BRC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brady in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Insider Buying and Selling at Brady

In other Brady news, General Counsel Andrew Gorman sold 12,528 shares of Brady stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $80.01, for a total transaction of $1,002,365.28. Following the completion of the sale, the general counsel directly owned 14,153 shares of the company’s stock, valued at $1,132,381.53. The trade was a 46.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Elizabeth P. Bruno sold 22,462 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $74.69, for a total value of $1,677,686.78. Following the transaction, the director directly owned 575,000 shares of the company’s stock, valued at approximately $42,946,750. This represents a 3.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 73,586 shares of company stock worth $5,720,907. 15.60% of the stock is currently owned by company insiders.

Brady Price Performance

Shares of NYSE BRC opened at $92.48 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.39. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 22.61 and a beta of 0.63. The stock’s 50-day moving average is $82.23 and its two-hundred day moving average is $78.05. Brady Corporation has a 1-year low of $62.70 and a 1-year high of $94.99.

Brady (NYSE:BRC) last announced its quarterly earnings data on Monday, November 17th. The industrial products company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.03. The business had revenue of $405.29 million during the quarter, compared to the consensus estimate of $393.65 million. Brady had a return on equity of 19.06% and a net margin of 12.74%.The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. Analysts forecast that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 9th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, January 9th. Brady’s dividend payout ratio (DPR) is presently 23.96%.

Brady Profile

Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.