Allianz Asset Management GmbH Lowers Stake in Brady Corporation $BRC

Allianz Asset Management GmbH lessened its holdings in Brady Corporation (NYSE:BRC) by 18.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,831 shares of the industrial products company’s stock after selling 56,076 shares during the period. Allianz Asset Management GmbH owned about 0.53% of Brady worth $19,416,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of Brady in 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 valued at $46,000 after acquiring an additional 322 shares during the period. Tower Research Capital LLC TRC increased its holdings in 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 acquiring an additional 618 shares in the last quarter. Blue Trust Inc. raised its position in Brady by 23.9% during the second quarter. Blue Trust Inc. now owns 1,037 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 200 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in Brady during the second quarter valued at $91,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on BRC shares. Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings reiterated 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 given a Buy rating to the company’s stock. According to MarketBeat.com, Brady currently has an average rating of “Strong Buy”.

Insider Activity

In other Brady news, COO Thomas F. Debruine sold 5,538 shares of Brady 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 transaction, the chief operating officer directly owned 10,181 shares of the company’s stock, valued at $824,661. The trade was a 35.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Andrew Gorman sold 12,528 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were 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 approximately $1,132,381.53. This trade represents a 46.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 73,586 shares of company stock valued at $5,720,907 in the last quarter. Insiders own 15.60% of the company’s stock.

Brady Trading Up 1.2%

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

Brady (NYSE:BRC) last posted its quarterly earnings results on Monday, November 17th. The industrial products company reported $1.21 earnings per share (EPS) 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 analyst estimates of $393.65 million. During the same period in the prior year, the business earned $1.12 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. Analysts expect 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. Investors of record on Friday, January 9th were issued a $0.245 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.1%. Brady’s dividend payout ratio is currently 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.