Capital Fund Management S.A. Sells 3,639 Shares of Brady Corporation (BRC)
Capital Fund Management S.A. decreased its position in Brady Corporation (NYSE:BRC) by 29.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,800 shares of the industrial products company’s stock after selling 3,639 shares during the period. Capital Fund Management S.A.’s holdings in Brady Corporation were worth $298,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Brady Corporation in the 2nd quarter worth approximately $118,000. Ameritas Investment Partners Inc. acquired a new position in shares of Brady Corporation in the 1st quarter worth approximately $153,000. Brighton Jones LLC acquired a new position in shares of Brady Corporation in the 1st quarter worth approximately $232,000. Oarsman Capital Inc. acquired a new position in shares of Brady Corporation in the 1st quarter worth approximately $264,000. Finally, Trexquant Investment LP acquired a new position in shares of Brady Corporation in the 2nd quarter worth approximately $298,000. 76.08% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the company. Robert W. Baird set a $36.00 target price on Brady Corporation and gave the stock a “hold” rating in a report on Thursday, August 24th. Zacks Investment Research cut Brady Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Bank of America Corporation increased their target price on Brady Corporation from $33.00 to $34.00 and gave the stock an “underperform” rating in a report on Friday, September 8th. Finally, BidaskClub cut Brady Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $39.25.
Brady Corporation (NYSE BRC) opened at 36.40 on Wednesday. The firm has a market capitalization of $1.87 billion, a PE ratio of 19.77 and a beta of 1.11. The stock has a 50 day moving average price of $33.67 and a 200-day moving average price of $36.00. Brady Corporation has a one year low of $31.70 and a one year high of $40.50.
Brady Corporation (NYSE:BRC) last released its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Brady Corporation had a net margin of 8.59% and a return on equity of 13.93%. The company had revenue of $289.20 million during the quarter, compared to the consensus estimate of $280.47 million. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Brady Corporation will post $1.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 9.12%. This is an increase from Brady Corporation’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, October 6th. 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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