Russell Investments Group Ltd. reduced its stake in Brady Co. (NYSE:BRC – Get Rating) by 9.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,132 shares of the industrial products company’s stock after selling 6,402 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of Brady worth $2,688,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in Brady by 3,227.9% in the 1st quarter. Parallel Advisors LLC now owns 1,431 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 1,388 shares in the last quarter. Lazard Asset Management LLC lifted its position in Brady by 27.4% during the 4th quarter. Lazard Asset Management LLC now owns 1,951 shares of the industrial products company’s stock worth $105,000 after buying an additional 420 shares in the last quarter. ARK Investment Management LLC lifted its position in Brady by 7.1% during the 1st quarter. ARK Investment Management LLC now owns 3,892 shares of the industrial products company’s stock worth $180,000 after buying an additional 257 shares in the last quarter. Inspire Investing LLC bought a new stake in Brady during the 1st quarter worth about $235,000. Finally, Fort L.P. bought a new stake in Brady during the 4th quarter worth about $322,000. 78.70% of the stock is owned by institutional investors.
Insider Activity at Brady
In related news, Director Elizabeth P. Bruno sold 4,250 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $48.32, for a total value of $205,360.00. Following the transaction, the director now owns 356,340 shares in the company, valued at approximately $17,218,348.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Frank W. Harris sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $48.10, for a total value of $48,100.00. Following the transaction, the director now owns 20,441 shares in the company, valued at approximately $983,212.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Elizabeth P. Bruno sold 4,250 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $48.32, for a total transaction of $205,360.00. Following the transaction, the director now owns 356,340 shares in the company, valued at approximately $17,218,348.80. The disclosure for this sale can be found here. 15.60% of the stock is owned by company insiders.
Brady Trading Up 1.8 %
Shares of NYSE:BRC opened at $49.85 on Friday. The company’s 50-day moving average price is $46.69 and its two-hundred day moving average price is $46.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.97 and a quick ratio of 1.24. Brady Co. has a one year low of $41.69 and a one year high of $56.39. The stock has a market capitalization of $2.50 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.03 and a beta of 0.74.
Brady (NYSE:BRC – Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm had revenue of $338.60 million for the quarter, compared to analysts’ expectations of $333.91 million. Brady had a net margin of 10.66% and a return on equity of 16.38%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. On average, equities analysts forecast that Brady Co. will post 3.1 EPS for the current fiscal year.
Brady Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 8th were paid a $0.225 dividend. The ex-dividend date of this dividend was Thursday, July 7th. This represents a $0.90 dividend on an annualized basis and a yield of 1.81%. Brady’s dividend payout ratio (DPR) is currently 34.22%.
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 IDS segment offers safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials, printing systems, RFID and bar code scanners for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.
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