Allspring Global Investments Holdings LLC Sells 48,632 Shares of Brady Corporation $BRC

Allspring Global Investments Holdings LLC lowered its holdings in Brady Corporation (NYSE:BRC) by 17.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 226,053 shares of the industrial products company’s stock after selling 48,632 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Brady were worth $18,365,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BRC. Royal Bank of Canada raised its stake in shares of Brady by 380.3% during the 1st quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock worth $456,000 after purchasing an additional 5,108 shares during the period. Millennium Management LLC increased its holdings in Brady by 1,256.9% during the first quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock worth $13,081,000 after buying an additional 171,535 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Brady by 282.3% during the first quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock worth $116,000 after buying an additional 1,214 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Brady by 7.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,953 shares of the industrial products company’s stock worth $8,968,000 after acquiring an additional 8,716 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Brady by 89.0% in the second quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 322 shares during the period. Institutional investors own 76.28% of the company’s stock.

Insider Buying and Selling

In other Brady news, CEO Vineet A. Nargolwala acquired 13,011 shares of Brady stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average cost of $76.86 per share, for a total transaction of $1,000,025.46. Following the purchase, the chief executive officer owned 52,709 shares of the company’s stock, valued at approximately $4,051,213.74. This represents a 32.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.60% of the company’s stock.

Brady Trading Up 0.2%

Shares of Brady stock opened at $93.66 on Wednesday. The stock has a market capitalization of $4.41 billion, a P/E ratio of 21.33 and a beta of 0.61. Brady Corporation has a 52-week low of $68.11 and a 52-week high of $99.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01. The stock’s 50-day simple moving average is $86.57 and its 200 day simple moving average is $85.80.

Brady (NYSE:BRC) last issued its earnings results on Monday, May 18th. The industrial products company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. The firm had revenue of $435.24 million during the quarter, compared to analyst estimates of $406.07 million. Brady had a net margin of 12.93% and a return on equity of 19.01%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $1.22 earnings per share. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. As a group, research analysts anticipate that Brady Corporation will post 5.25 EPS for the current year.

Brady Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a $0.245 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.98 annualized dividend and a yield of 1.0%. Brady’s dividend payout ratio (DPR) is 22.32%.

Wall Street Analyst Weigh In

BRC has been the subject of several research analyst reports. Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Sidoti upgraded Brady from a “neutral” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Tuesday, June 9th. Finally, Wall Street Zen raised Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $103.00.

About Brady

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.