Leuthold Group LLC Takes Position in Brady Co. (NYSE:BRC)

Leuthold Group LLC bought a new stake in shares of Brady Co. (NYSE:BRC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 57,764 shares of the industrial products company’s stock, valued at approximately $3,390,000.

A number of other hedge funds have also recently bought and sold shares of BRC. Pacer Advisors Inc. boosted its stake in shares of Brady by 422,030.0% during the 4th quarter. Pacer Advisors Inc. now owns 856,924 shares of the industrial products company’s stock worth $50,293,000 after acquiring an additional 856,721 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Brady by 2,366.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 825,563 shares of the industrial products company’s stock worth $48,452,000 after purchasing an additional 792,094 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in Brady by 65.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 510,635 shares of the industrial products company’s stock worth $28,044,000 after buying an additional 202,099 shares during the period. Van Berkom & Associates Inc. lifted its stake in Brady by 18.9% during the third quarter. Van Berkom & Associates Inc. now owns 1,252,062 shares of the industrial products company’s stock valued at $68,763,000 after buying an additional 198,805 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Brady by 3.8% in the third quarter. Vanguard Group Inc. now owns 5,301,138 shares of the industrial products company’s stock worth $291,138,000 after buying an additional 195,475 shares during the period. 76.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Brady from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 26th.

Insider Buying and Selling at Brady

In related news, Director Elizabeth P. Bruno sold 8,322 shares of Brady stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $57.33, for a total transaction of $477,100.26. Following the completion of the transaction, the director now directly owns 333,593 shares of the company’s stock, valued at approximately $19,124,886.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Elizabeth P. Bruno sold 8,322 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $57.33, for a total transaction of $477,100.26. Following the completion of the sale, the director now directly owns 333,593 shares of the company’s stock, valued at approximately $19,124,886.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elizabeth P. Bruno sold 5,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $59.70, for a total value of $298,500.00. Following the sale, the director now owns 328,593 shares in the company, valued at approximately $19,617,002.10. The disclosure for this sale can be found here. Insiders have sold 39,017 shares of company stock worth $2,283,667 over the last three months. Company insiders own 15.60% of the company’s stock.

Brady Stock Up 0.7 %

Brady stock traded up $0.45 during mid-day trading on Tuesday, hitting $61.02. The company’s stock had a trading volume of 4,520 shares, compared to its average volume of 336,587. The company has a market cap of $2.95 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.76. Brady Co. has a 52-week low of $46.77 and a 52-week high of $63.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.13 and a quick ratio of 1.44. The firm’s 50 day moving average is $58.75 and its 200 day moving average is $58.00.

Brady (NYSE:BRC) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.92 by $0.01. The business had revenue of $322.60 million for the quarter, compared to analysts’ expectations of $339.61 million. Brady had a net margin of 14.08% and a return on equity of 19.24%. Brady’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. On average, analysts anticipate that Brady Co. will post 4 earnings per share for the current year.

Brady Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, April 8th. Brady’s dividend payout ratio is 24.54%.

Brady Profile

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 company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.