Assenagon Asset Management S.A. Sells 86,449 Shares of Brady Corporation $BRC

Key Points

• Assenagon Asset Management S.A. cut its Brady stake by 67.4%, selling 86,449 shares and leaving 41,843 shares valued at about $3.28 million.
• Brady reported Q4 EPS of $1.09 and revenue of $384.14 million (+7.7% Y/Y), and set FY2026 guidance of 4.95–5.15 EPS versus analyst expectations of 4.55.
• COO Thomas F. Debruine sold 5,538 shares (a 35.2% reduction in his position) and insiders now own 15.6% of the stock; the company also declared a quarterly dividend of $0.245 (annualized $0.98, ~1.2% yield, ex-dividend April 9).

Assenagon Asset Management S.A. lessened its position in shares of Brady Corporation (NYSE:BRC - Free Report) by 67.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,843 shares of the industrial products company's stock after selling 86,449 shares during the period. Assenagon Asset Management S.A. owned 0.09% of Brady worth $3,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BRC. First Trust Advisors LP raised 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 acquiring an additional 156,868 shares during the period. Royce & Associates LP boosted its position in Brady by 1.0% during the third quarter. Royce & Associates LP now owns 674,248 shares of the industrial products company's stock worth $52,612,000 after purchasing an additional 6,922 shares during the period. Qube Research & Technologies Ltd boosted its position in Brady by 15.1% during the third quarter. Qube Research & Technologies Ltd now owns 371,541 shares of the industrial products company's stock worth $28,991,000 after purchasing an additional 48,668 shares during the period. Franklin Resources Inc. bought a new stake in shares of Brady in the third quarter valued at approximately $25,208,000. Finally, Millennium Management LLC raised its position in shares of Brady by 1,256.9% in the first quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company's stock valued at $13,081,000 after purchasing an additional 171,535 shares during the period. Institutional investors own 76.28% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BRC. Wall Street Zen downgraded shares of Brady from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. Weiss Ratings reissued a "buy (b)" rating on shares of Brady in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Strong Buy".

Insider Buying and Selling

In other Brady news, COO Thomas F. Debruine sold 5,538 shares of the firm's stock in a transaction on Monday, January 5th. The shares were sold at an average price of $81.00, for a total value of $448,578.00. Following the completion of the transaction, the chief operating officer directly owned 10,181 shares of the company's stock, valued at $824,661. This trade represents a 35.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.60% of the stock is currently owned by insiders.

Brady Stock Down 0.2%

Shares of NYSE BRC opened at $80.58 on Monday. The company has a quick ratio of 1.40, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. The company has a market cap of $3.81 billion, a P/E ratio of 18.87 and a beta of 0.60. Brady Corporation has a 52 week low of $62.70 and a 52 week high of $99.29. The business has a 50-day simple moving average of $88.48 and a two-hundred day simple moving average of $81.86.

Brady (NYSE:BRC - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.09 earnings per share 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 for the quarter, compared to analysts' expectations of $376.14 million. During the same period in the prior year, the business posted $1.00 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.950-5.150 EPS. Research analysts anticipate that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

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 yield of 1.2%. Brady's dividend payout ratio is currently 22.95%.

About Brady

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.

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