Robeco Institutional Asset Management B.V. Sells 36,388 Shares of Brady Co. (NYSE:BRC)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Brady Co. (NYSE:BRC) by 20.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,876 shares of the industrial products company’s stock after selling 36,388 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.29% of Brady worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its stake in shares of Brady by 293.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 575 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 429 shares during the period. NBC Securities Inc. bought a new stake in shares of Brady during the third quarter valued at about $164,000. Koshinski Asset Management Inc. purchased a new stake in shares of Brady in the fourth quarter worth about $208,000. Fox Run Management L.L.C. bought a new position in shares of Brady in the third quarter valued at approximately $209,000. Finally, HighTower Advisors LLC purchased a new position in Brady during the third quarter valued at approximately $255,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Brady

In other news, Director Elizabeth P. Bruno sold 19,030 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $58.41, for a total transaction of $1,111,542.30. Following the transaction, the director now directly owns 342,115 shares in the company, valued at approximately $19,982,937.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Brady news, Director Nancy Lee Gioia sold 4,250 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $59.20, for a total value of $251,600.00. Following the completion of the sale, the director now directly owns 11,551 shares of the company’s stock, valued at $683,819.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth P. Bruno sold 19,030 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $58.41, for a total value of $1,111,542.30. Following the transaction, the director now directly owns 342,115 shares in the company, valued at $19,982,937.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,017 shares of company stock valued at $2,283,667. Insiders own 15.60% of the company’s stock.

Brady Price Performance

Shares of NYSE BRC opened at $68.19 on Friday. The stock’s 50-day simple moving average is $59.98 and its two-hundred day simple moving average is $58.93. Brady Co. has a twelve month low of $46.77 and a twelve month high of $68.80. The firm has a market capitalization of $3.30 billion, a P/E ratio of 17.40, a P/E/G ratio of 2.37 and a beta of 0.76. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.06.

Brady (NYSE:BRC) last issued its quarterly earnings data on Wednesday, May 22nd. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.02 by $0.07. Brady had a return on equity of 19.61% and a net margin of 14.22%. The company had revenue of $343.40 million during the quarter, compared to analyst estimates of $339.80 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Brady’s revenue was up 1.9% on a year-over-year basis. As a group, equities analysts anticipate that Brady Co. will post 4.13 EPS for the current fiscal year.

Brady Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, July 10th. Brady’s dividend payout ratio is currently 23.98%.

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.