Assenagon Asset Management S.A. Sells 86,449 Shares of Brady Corporation $BRC

Assenagon Asset Management S.A. lowered its holdings in Brady Corporation (NYSE:BRC) by 67.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 41,843 shares of the industrial products company’s stock after selling 86,449 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Brady were worth $3,279,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BRC. Advisory Services Network LLC purchased a new position in shares of Brady during the third quarter worth about $31,000. Quent Capital LLC bought a new stake in Brady during the third quarter valued at approximately $43,000. EverSource Wealth Advisors LLC grew its stake in Brady by 89.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock worth $46,000 after buying an additional 322 shares in the last quarter. Danske Bank A S purchased a new position in Brady in the 3rd quarter worth approximately $70,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Brady by 156.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock worth $69,000 after buying an additional 618 shares during the last quarter. Institutional investors own 76.28% of the company’s stock.

Analysts Set New Price Targets

BRC has been the topic of several research reports. Wall Street Zen cut shares of Brady from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Brady Stock Down 0.2%

Shares of BRC opened at $80.58 on Monday. Brady Corporation has a 1 year low of $62.70 and a 1 year high of $99.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.40. The stock has a 50 day simple moving average of $88.48 and a two-hundred day simple moving average of $81.86. The firm has a market cap of $3.81 billion, a P/E ratio of 18.87 and a beta of 0.60.

Brady (NYSE:BRC) last posted its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.09 EPS for the quarter, hitting the consensus estimate of $1.09. The firm had revenue of $384.14 million for the quarter, compared to the consensus estimate of $376.14 million. Brady had a net margin of 13.01% and a return on equity of 18.62%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. Brady has set its FY 2026 guidance at 4.950-5.150 EPS. On average, analysts forecast that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be given a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, April 9th. Brady’s dividend payout ratio (DPR) is presently 22.95%.

Insiders Place Their Bets

In other Brady news, COO Thomas F. Debruine sold 5,538 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $81.00, for a total transaction of $448,578.00. Following the completion of the sale, the chief operating officer directly owned 10,181 shares in the company, valued at $824,661. This represents a 35.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 15.60% of the stock is owned by corporate insiders.

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.