KBC Group NV Has $114,000 Stake in Brady Corporation (BRC)
KBC Group NV continued to hold its position in shares of Brady Corporation (NYSE:BRC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,362 shares of the industrial products company’s stock at the close of the second quarter. KBC Group NV’s holdings in Brady Corporation were worth $114,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in BRC. BlackRock Inc. increased its holdings in shares of Brady Corporation by 84,523.4% in the first quarter. BlackRock Inc. now owns 5,658,766 shares of the industrial products company’s stock worth $218,711,000 after purchasing an additional 5,652,079 shares during the period. Vanguard Group Inc. increased its holdings in shares of Brady Corporation by 14.3% in the first quarter. Vanguard Group Inc. now owns 5,320,613 shares of the industrial products company’s stock worth $205,641,000 after purchasing an additional 666,642 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Brady Corporation by 7.3% in the first quarter. JPMorgan Chase & Co. now owns 3,283,858 shares of the industrial products company’s stock worth $126,921,000 after purchasing an additional 224,330 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Brady Corporation by 21.0% in the first quarter. William Blair Investment Management LLC now owns 589,064 shares of the industrial products company’s stock worth $22,767,000 after purchasing an additional 102,065 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Brady Corporation by 909.6% in the second quarter. Bank of Montreal Can now owns 96,594 shares of the industrial products company’s stock worth $3,275,000 after purchasing an additional 87,026 shares during the period. 76.57% of the stock is currently owned by hedge funds and other institutional investors.
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Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Brady Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America Corporation upped their price target on shares of Brady Corporation from $33.00 to $34.00 and gave the stock an “underperform” rating in a report on Friday, September 8th. Robert W. Baird set a $36.00 target price on Brady Corporation and gave the company a “hold” rating in a research note on Thursday, August 24th. Finally, BidaskClub cut Brady Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Brady Corporation presently has an average rating of “Hold” and an average price target of $38.20.
Brady Corporation (NYSE BRC) opened at 36.40 on Wednesday. The company has a 50-day moving average price of $33.16 and a 200-day moving average price of $36.11. The company has a market cap of $1.87 billion, a PE ratio of 19.68 and a beta of 1.11. Brady Corporation has a 1-year low of $31.70 and a 1-year high of $40.50.
Brady Corporation (NYSE:BRC) last announced its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $289.20 million for the quarter, compared to analysts’ expectations of $280.47 million. Brady Corporation had a net margin of 8.59% and a return on equity of 13.93%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS. On average, analysts expect that Brady Corporation will post $1.91 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 10th will be paid a $0.83 dividend. The ex-dividend date is Friday, October 6th. This represents a $3.32 annualized dividend and a yield of 9.12%. This is a boost from Brady Corporation’s previous quarterly dividend of $0.21. Brady Corporation’s payout ratio is presently 44.57%.
Brady Corporation 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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