Brady Corporation $BRC Holdings Trimmed by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in shares of Brady Corporation (NYSE:BRC) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 274,685 shares of the industrial products company’s stock after selling 23,328 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.58% of Brady worth $21,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Prentiss Smith & Co. Inc. grew its position in Brady by 22.4% during the third quarter. Prentiss Smith & Co. Inc. now owns 70,984 shares of the industrial products company’s stock worth $5,539,000 after buying an additional 12,987 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Brady by 245.8% during the 2nd quarter. Quantbot Technologies LP now owns 19,556 shares of the industrial products company’s stock worth $1,329,000 after buying an additional 13,901 shares during the period. Assenagon Asset Management S.A. boosted its stake in Brady by 187.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 128,292 shares of the industrial products company’s stock valued at $10,011,000 after buying an additional 83,694 shares in the last quarter. First Trust Advisors LP boosted its stake in Brady by 13.4% in the 3rd quarter. First Trust Advisors LP now owns 1,326,113 shares of the industrial products company’s stock valued at $103,477,000 after buying an additional 156,868 shares in the last quarter. Finally, AlphaQuest LLC grew its position in Brady by 173.8% in the third quarter. AlphaQuest LLC now owns 20,781 shares of the industrial products company’s stock valued at $1,622,000 after acquiring an additional 13,190 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Insider Activity

In related news, COO Thomas F. Debruine sold 5,538 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $81.00, for a total value of $448,578.00. Following the sale, the chief operating officer owned 10,181 shares in the company, valued at approximately $824,661. This trade represents a 35.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 15.60% of the company’s stock.

Brady Stock Performance

Shares of Brady stock opened at $80.71 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.40 and a debt-to-equity ratio of 0.06. The company has a market cap of $3.81 billion, a PE ratio of 18.90 and a beta of 0.65. The company has a 50 day moving average of $88.11 and a 200-day moving average of $81.88. Brady Corporation has a 1-year low of $62.70 and a 1-year high of $99.29.

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

Brady Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Brady from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brady in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

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.