Brady Corporation $BRC Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of Brady Corporation (NYSE:BRC) by 187.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,292 shares of the industrial products company’s stock after purchasing an additional 83,694 shares during the period. Assenagon Asset Management S.A. owned about 0.27% of Brady worth $10,011,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Texas Permanent School Fund Corp increased its stake in Brady by 5.4% during the 2nd quarter. Texas Permanent School Fund Corp now owns 38,870 shares of the industrial products company’s stock worth $2,642,000 after buying an additional 2,001 shares during the period. Osaic Holdings Inc. grew its stake in shares of Brady by 1,232.1% during the second quarter. Osaic Holdings Inc. now owns 5,928 shares of the industrial products company’s stock valued at $418,000 after acquiring an additional 5,483 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Brady by 107.7% during the second quarter. Squarepoint Ops LLC now owns 38,121 shares of the industrial products company’s stock worth $2,591,000 after acquiring an additional 19,771 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Brady by 6.5% during the second quarter. Public Sector Pension Investment Board now owns 149,256 shares of the industrial products company’s stock worth $10,145,000 after acquiring an additional 9,052 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Brady by 156.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 618 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRC has been the subject of a number of recent analyst reports. Wall Street Zen lowered Brady from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brady in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, Brady currently has a consensus rating of “Strong Buy”.

Brady Trading Down 1.3%

NYSE:BRC opened at $81.01 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $77.41 and its two-hundred day moving average is $74.52. Brady Corporation has a 52 week low of $62.70 and a 52 week high of $84.03. The company has a market cap of $3.82 billion, a PE ratio of 19.81 and a beta of 0.69.

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

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 9th will be issued a $0.245 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.98 annualized dividend and a dividend yield of 1.2%. Brady’s payout ratio is 23.96%.

Insider Buying and Selling at Brady

In other Brady news, General Counsel Andrew Gorman sold 12,528 shares of Brady stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $80.01, for a total value of $1,002,365.28. Following the completion of the transaction, the general counsel directly owned 14,153 shares in the company, valued at $1,132,381.53. The trade was a 46.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth P. Bruno sold 22,462 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were 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 $42,946,750. This trade represents a 3.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 73,278 shares of company stock valued at $5,671,221. Corporate insiders own 15.60% of the company’s stock.

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.