Allianz Asset Management GmbH Trims Holdings in Brady Corporation $BRC

Allianz Asset Management GmbH trimmed its position in Brady Corporation (NYSE:BRCFree Report) by 41.0% during the second quarter, Holdings Channel.com reports. The firm owned 304,907 shares of the industrial products company’s stock after selling 211,592 shares during the period. Allianz Asset Management GmbH’s holdings in Brady were worth $20,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of Brady by 23.9% during the 2nd quarter. Blue Trust Inc. now owns 1,037 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 200 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Brady by 1.2% during the 1st quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company’s stock valued at $1,307,000 after acquiring an additional 215 shares during the last quarter. Quarry LP acquired a new position in shares of Brady during the 1st quarter valued at about $25,000. Hancock Whitney Corp increased its stake in shares of Brady by 14.7% during the 1st quarter. Hancock Whitney Corp now owns 3,403 shares of the industrial products company’s stock valued at $240,000 after acquiring an additional 437 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Brady by 33.7% during the 1st quarter. KBC Group NV now owns 2,391 shares of the industrial products company’s stock valued at $169,000 after acquiring an additional 602 shares during the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Stock Up 0.6%

Shares of NYSE:BRC opened at $75.48 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.08. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $84.03. The company has a 50 day moving average of $76.72 and a two-hundred day moving average of $72.00. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 19.21 and a beta of 0.78.

Brady (NYSE:BRCGet Free Report) last released its earnings results on Thursday, September 4th. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.24 by $0.02. The company had revenue of $397.28 million during the quarter, compared to analysts’ expectations of $384.67 million. Brady had a return on equity of 19.29% and a net margin of 12.50%.The business’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 EPS. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. As a group, analysts forecast that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Brady’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, October 10th. Brady’s dividend payout ratio is 24.94%.

Insiders Place Their Bets

In related news, Director Elizabeth P. Bruno sold 2,692 shares of Brady stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $76.27, for a total transaction of $205,318.84. Following the transaction, the director directly owned 327,023 shares of the company’s stock, valued at $24,942,044.21. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell Shaller sold 23,743 shares of Brady stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $80.07, for a total value of $1,901,102.01. Following the transaction, the chief executive officer directly owned 135,080 shares in the company, valued at approximately $10,815,855.60. The trade was a 14.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,973 shares of company stock worth $2,299,994 over the last three months. Corporate insiders own 15.60% of the company’s stock.

Wall Street Analyst Weigh In

BRC has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brady in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. One investment 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, the stock currently has an average rating of “Strong Buy”.

Read Our Latest Analysis on Brady

Brady Profile

(Free Report)

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.

Recommended Stories

Want to see what other hedge funds are holding BRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brady Corporation (NYSE:BRCFree Report).

Institutional Ownership by Quarter for Brady (NYSE:BRC)

Receive News & Ratings for Brady Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brady and related companies with MarketBeat.com's FREE daily email newsletter.