Allspring Global Investments Holdings LLC Sells 47,818 Shares of Brady Corporation $BRC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Brady Corporation by 10.8%, selling 47,818 shares during the 2nd quarter, now owning approximately 0.84% of the company valued at $26.89 million.
• Brady Corporation announced a quarterly dividend of $0.245, increasing from the previous $0.24, representing an annual yield of 1.3%.
• Wall Street analysts have upgraded Brady's stock rating to "Buy", with one analyst giving it a Strong Buy rating, reflecting positive expectations for the company's performance.

Allspring Global Investments Holdings LLC lessened its holdings in Brady Corporation (NYSE:BRC - Free Report) by 10.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 395,555 shares of the industrial products company's stock after selling 47,818 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.84% of Brady worth $26,886,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BRC. QRG Capital Management Inc. increased its position in Brady by 9.7% in the first quarter. QRG Capital Management Inc. now owns 19,341 shares of the industrial products company's stock worth $1,366,000 after purchasing an additional 1,715 shares during the last quarter. Bessemer Group Inc. boosted its stake in Brady by 68.9% during the first quarter. Bessemer Group Inc. now owns 11,011 shares of the industrial products company's stock worth $779,000 after buying an additional 4,490 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Brady by 2.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 182,361 shares of the industrial products company's stock worth $12,882,000 after buying an additional 5,037 shares during the period. Diversified Trust Co boosted its stake in Brady by 28.6% during the first quarter. Diversified Trust Co now owns 13,405 shares of the industrial products company's stock worth $947,000 after buying an additional 2,982 shares during the period. Finally, KBC Group NV boosted its stake in Brady by 33.7% during the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock worth $169,000 after buying an additional 602 shares during the period. Institutional investors own 76.28% of the company's stock.

Insider Transactions at Brady

In other news, Director Elizabeth P. Bruno sold 2,692 shares of the company's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $76.27, for a total transaction of $205,318.84. Following the transaction, the director owned 327,023 shares in the company, valued at $24,942,044.21. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Russell Shaller sold 23,743 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $80.07, for a total transaction of $1,901,102.01. Following the transaction, the chief executive officer owned 135,080 shares in the company, valued at approximately $10,815,855.60. This trade represents a 14.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,973 shares of company stock valued at $2,299,994 over the last quarter. 15.60% of the stock is currently owned by corporate insiders.

Brady Stock Up 0.0%

Shares of BRC opened at $75.03 on Friday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 19.09 and a beta of 0.78. Brady Corporation has a 12-month low of $62.70 and a 12-month high of $84.03. The company has a current ratio of 1.88, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $76.63 and a 200-day moving average price of $71.96.

Brady (NYSE:BRC - Get Free Report) last issued its earnings results on Thursday, September 4th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.02. The firm had revenue of $397.28 million during the quarter, compared to analyst estimates of $384.67 million. Brady had a net margin of 12.50% and a return on equity of 19.29%. The business's revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 earnings per share. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Equities research analysts expect that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be issued a $0.245 dividend. This is a boost from Brady's previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, October 10th. Brady's dividend payout ratio is presently 24.94%.

Analyst Upgrades and Downgrades

Several research analysts have commented on BRC shares. Wall Street Zen raised shares of Brady from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Brady in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Strong Buy".

About Brady

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.

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