Parkside Financial Bank & Trust Has $34,000 Holdings in Brady Co. (NYSE:BRC)

Parkside Financial Bank & Trust lifted its stake in shares of Brady Co. (NYSE:BRC) by 293.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 575 shares of the industrial products company’s stock after purchasing an additional 429 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Brady were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Illinois Municipal Retirement Fund increased its holdings in Brady by 10.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 25,999 shares of the industrial products company’s stock valued at $1,526,000 after buying an additional 2,512 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Brady by 12.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,011 shares of the industrial products company’s stock worth $529,000 after buying an additional 978 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Brady during the fourth quarter worth $1,315,000. Koshinski Asset Management Inc. bought a new position in shares of Brady in the 4th quarter valued at $208,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Brady by 69.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 388,453 shares of the industrial products company’s stock valued at $22,743,000 after acquiring an additional 158,780 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BRC shares. Bank of America upgraded Brady from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $65.00 in a research report on Tuesday, January 2nd. StockNews.com cut Brady from a “strong-buy” rating to a “buy” rating in a report on Monday, February 26th.

Insider Buying and Selling

In other Brady news, Director Elizabeth P. Bruno sold 8,322 shares of the stock in a transaction that occurred on 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 sale, the director now 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 accessible through the SEC website. In other news, Director Nancy Lee Gioia sold 4,250 shares of Brady stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $59.20, for a total value of $251,600.00. Following the completion of the transaction, the director now directly owns 11,551 shares of the company’s stock, valued at approximately $683,819.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth P. Bruno sold 8,322 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $57.33, for a total value of $477,100.26. Following the sale, the director now directly owns 333,593 shares of the company’s stock, valued at approximately $19,124,886.69. The disclosure for this sale can be found here. Insiders have sold a total of 39,017 shares of company stock valued at $2,283,667 over the last ninety days. 15.60% of the stock is owned by company insiders.

Brady Trading Down 0.8 %

Shares of NYSE BRC opened at $59.52 on Friday. The firm has a 50 day moving average price of $58.84 and a two-hundred day moving average price of $57.76. The stock has a market cap of $2.88 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 2.13 and a beta of 0.77. 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 quick ratio of 1.44 and a current ratio of 2.13.

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

Brady Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.235 per share. The ex-dividend date is Monday, April 8th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.58%. Brady’s dividend payout ratio (DPR) is 24.54%.

Brady Company 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.