Brady Corp (BRC) Shares Sold by Strs Ohio
Strs Ohio lowered its position in Brady Corp (NYSE:BRC) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,100 shares of the industrial products company’s stock after selling 1,300 shares during the period. Strs Ohio owned 0.05% of Brady Corp worth $1,086,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Brady Corp during the fourth quarter worth approximately $22,790,000. Renaissance Technologies LLC increased its position in Brady Corp by 17.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,517,900 shares of the industrial products company’s stock worth $56,997,000 after buying an additional 229,400 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Brady Corp during the fourth quarter worth approximately $8,268,000. State Street Corp increased its position in Brady Corp by 9.3% in the fourth quarter. State Street Corp now owns 1,047,935 shares of the industrial products company’s stock worth $39,351,000 after buying an additional 89,207 shares in the last quarter. Finally, Allianz Asset Management AG increased its position in Brady Corp by 638.6% in the fourth quarter. Allianz Asset Management AG now owns 61,635 shares of the industrial products company’s stock worth $2,314,000 after buying an additional 53,290 shares in the last quarter. 77.08% of the stock is currently owned by institutional investors.
Brady Corp (NYSE:BRC) opened at 37.15 on Friday. The firm’s 50-day moving average price is $38.49 and its 200-day moving average price is $37.60. The company has a market cap of $1.90 billion, a P/E ratio of 20.25 and a beta of 1.12. Brady Corp has a 12-month low of $28.64 and a 12-month high of $40.50.
Brady Corp (NYSE:BRC) last issued its quarterly earnings results on Thursday, February 23rd. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. Brady Corp had a return on equity of 14.14% and a net margin of 7.51%. The firm had revenue of $268 million for the quarter, compared to analyst estimates of $262.59 million. During the same period in the previous year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. Analysts expect that Brady Corp will post $1.81 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Friday, April 7th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $0.82 annualized dividend and a yield of 2.21%. Brady Corp’s dividend payout ratio is 49.70%.
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BRC has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Brady Corp from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Northcoast Research raised Brady Corp from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, February 15th.
In related news, VP Bentley Curran sold 20,803 shares of the business’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $39.69, for a total transaction of $825,671.07. Following the transaction, the vice president now directly owns 29,865 shares in the company, valued at $1,185,341.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 15.60% of the company’s stock.
Brady Corp Company Profile
Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.
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