Neuberger Berman Group Reduces $6M in Brady Corporation ($BRC)
Neuberger Berman Group trimmed its Brady Corp holdings by 63,737 shares, reflecting a 2.6% decrease.
Key Points
- Neuberger Berman Group reduced its stake in Brady Corporation by 63,737 shares, bringing its total to 2,396,541 shares, valued at $216.3 million.
- Brady Corp, trading at $90.26, has a market cap of $4.25 billion, a P/E ratio of 20.51, and a beta of 0.618, with a 52-week high of $99.29.
- Insiders, including CEO Vineet Nargolwala, bought shares recently, and analysts like Sidoti & Co. upgraded the stock to a 'buy' with a $103 target.
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Neuberger Berman Group has trimmed its stake in Brady Corporation (NYSE:BRC) by 63,737 shares, according to its latest Form 13F filing with the SEC. This reduction represents a 2.6% decrease, leaving the fund with 2,396,541 shares valued at approximately $216.3 million. The data reflects holdings as of the reporting period and might not represent the current position.
Neuberger Berman Group vs. the S&P 500
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What Changed in Neuberger Berman Group's Brady Corporation Position
Neuberger Berman Group reduced its holdings in Brady Corporation from 2,460,278 shares to 2,396,541 shares, a decrease of 63,737 shares. The value of this position is approximately $216.3 million. This move indicates a 2.6% reduction in their stake.
Other Institutional Activity in Brady Corporation
FMR LLC increased its holdings in Brady Corporation by 128,178 shares, ending with 6,539,875 shares worth about $531.3 million, a 2.0% increase. BlackRock, Inc. also added 75,403 shares, bringing its total to 4,136,528 shares valued at $336.1 million, reflecting a 1.9% increase. Vanguard Portfolio Management LLC opened a new position with 2,618,229 shares valued at $212.7 million. Meanwhile, First Trust Advisors LP grew its holdings by 47,096 shares, closing with 1,668,027 shares worth $135.5 million, marking a 2.9% increase.
Brady Corporation Stock Down 1.8%
Shares of NYSE:BRC traded near $90.26 on Saturday. Brady Corporation has a market cap of $4.25 billion, a P/E ratio of 20.51, and a beta of 0.618. The stock's 52-week range is between $67.66 and $99.29, with a 50-day moving average of $82.91 and a 200-day moving average of $82.08. The company maintains a current ratio of 2.01 and a quick ratio of 1.308, with a debt-to-equity ratio of 6.586.
$BRC stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Brady Corporation reported revenue of $1.62 billion with a growth rate of 13.8%. The company achieved a net margin of 12.93% and a return on equity of 16.7%. Earnings per share were $4.40. The next earnings report is scheduled for September 3, 2026.
Dividend
Brady Corporation pays an annual dividend rate of $0.98 per share, yielding 1.09% with a payout ratio of 22.16%.
Insider Buying and Selling at Brady Corporation
Several insiders have been buying shares of Brady Corporation. On June 10, 2026, President & CEO Vineet Nargolwala purchased 25,684 shares and an additional 13,011 shares at an average price of $76.86. On June 8, 2026, he also bought 39,698 shares. President of Americas & Asia, Olivier Bojarski, acquired 15,506 shares on the same day. Patrick Allender bought 304 shares on April 6, 2026, at $80.22.
Analysts Set New Price Targets
On June 9, 2026, Sidoti & Co. upgraded Brady Corporation to a 'buy' rating with a price target of $103. The consensus among analysts is a 'strong buy' with a mean price target of $101.5, based on two analyst opinions.
About Brady Corporation
Brady Corporation, headquartered in Milwaukee, Wisconsin, manufactures and supplies identification solutions and workplace safety products globally. The company offers a range of products including safety signs, labeling systems, personal protection equipment, and software for safety compliance. It serves various sectors such as industrial manufacturing, healthcare, and telecommunications. Brady Corporation employs about 6,400 people and is led by CEO Mr. Russell R. Shaller.
Bottom Line
Neuberger Berman Group's latest filing shows a slight reduction in its stake in Brady Corporation, a move that investors track to gauge fund sentiment. Brady's strong financials, including a steady revenue growth and a solid dividend, continue to make it a stock to watch. Remember, 13F filings are backward-looking and may not reflect the current position.
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