Neuberger Berman Group Reduces $6M in Brady Corporation ($BRC)
Neuberger Berman trimmed its BRC position by 2.6%, now holding 2.40 million shares.
Key Points
- Neuberger Berman trimmed its BRC stake by 63,737 shares, a 2.6% decrease, leaving it with 2.40 million shares worth $214.8 million.
- BRC shares traded near $89.64 on Friday, with a market cap and P/E ratio not specified in the filing.
- Insider buying activity included significant purchases by BRC's President & CEO Vineet Nargolwala in June 2026.
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Neuberger Berman Group reduced its holdings in BRC, trimming 63,737 shares, which is a 2.6% decrease. As of the latest 13F filing, the firm holds 2,396,541 shares valued at approximately $214.8 million. This information reflects the holdings as of the reporting period and may not represent Neuberger Berman's current position.
Neuberger Berman Group vs. the S&P 500
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What Changed in Neuberger Berman's BRC Position
Neuberger Berman cut its stake in BRC by 63,737 shares, moving from 2,460,278 to 2,396,541 shares, marking a 2.6% decrease. The reported value of these shares is about $214.8 million.
Other Institutional Activity in BRC
FMR LLC increased its holdings by 128,178 shares, ending with 6,539,875 shares valued at approximately $531.3 million, reflecting a 2.0% increase. BLACKROCK, INC. added 75,403 shares, bringing its total to 4,136,528 shares worth about $336.1 million, a 1.9% boost. VANGUARD PORTFOLIO MANAGEMENT LLC opened a new position with 2,618,229 shares valued at $212.7 million. FIRST TRUST ADVISORS LP increased its holdings by 47,096 shares to 1,668,027 shares, with a value of $135.5 million, a 2.9% rise.
Brady Corporation Stock Down 3.9%
Shares of BRC traded near $89.64 on Friday. Details on the market cap, P/E ratio, and other financial metrics were not provided in the filing.
$BRC stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Brady Corporation
Notable insider buying at BRC included President & CEO Vineet Nargolwala purchasing 25,684 shares on June 10, 2026, and an additional 13,011 shares at an average price of $76.86 on the same day. Olivier Bojarski, President of Americas & Asia, bought 15,506 shares on June 8, 2026. Patrick Allender also purchased small amounts of shares earlier in the year.
Analysts Set New Price Targets
On June 9, 2026, Sidoti & Co. upgraded BRC to a 'buy' rating, setting a price target of $103. The consensus among analysts is generally positive, with several firms maintaining 'buy' ratings.
Bottom Line
Neuberger Berman's recent filing shows a slight reduction in its BRC holdings, with the firm still maintaining a significant position. Investors often track these filings to gauge institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not reflect current positions.
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