Strs Ohio decreased its position in Brady Corp (NYSE:BRC) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,600 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Strs Ohio’s holdings in Brady were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Magnus Financial Group LLC purchased a new position in Brady during the 1st quarter valued at $207,000. Rhumbline Advisers boosted its holdings in Brady by 2.3% during the 1st quarter. Rhumbline Advisers now owns 148,784 shares of the industrial products company’s stock valued at $6,905,000 after acquiring an additional 3,352 shares during the period. GWM Advisors LLC boosted its holdings in Brady by 18.5% during the 1st quarter. GWM Advisors LLC now owns 35,387 shares of the industrial products company’s stock valued at $1,642,000 after acquiring an additional 5,521 shares during the period. State of Alaska Department of Revenue boosted its holdings in Brady by 1.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 16,777 shares of the industrial products company’s stock valued at $827,000 after acquiring an additional 219 shares during the period. Finally, WINTON GROUP Ltd boosted its holdings in Brady by 128.3% during the 2nd quarter. WINTON GROUP Ltd now owns 20,293 shares of the industrial products company’s stock valued at $1,001,000 after acquiring an additional 11,406 shares during the period. 80.55% of the stock is currently owned by institutional investors and hedge funds.
In other Brady news, SVP Louis T. Bolognini sold 1,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $48.50, for a total value of $48,500.00. Following the completion of the sale, the senior vice president now directly owns 29,208 shares in the company, valued at approximately $1,416,588. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Louis T. Bolognini sold 7,424 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $47.75, for a total value of $354,496.00. Following the completion of the sale, the senior vice president now owns 34,264 shares of the company’s stock, valued at $1,636,106. The disclosure for this sale can be found here. Insiders sold a total of 42,367 shares of company stock valued at $2,074,875 over the last quarter. Company insiders own 15.60% of the company’s stock.
Shares of BRC stock opened at $49.86 on Wednesday. Brady Corp has a twelve month low of $36.80 and a twelve month high of $52.51. The stock has a market cap of $2.68 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The stock has a fifty day moving average price of $50.16. The company has a quick ratio of 2.36, a current ratio of 3.03 and a debt-to-equity ratio of 0.06.
Brady (NYSE:BRC) last issued its earnings results on Thursday, May 23rd. The industrial products company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.09. Brady had a return on equity of 15.85% and a net margin of 11.15%. The business had revenue of $289.75 million during the quarter, compared to analysts’ expectations of $292.66 million. During the same period in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts forecast that Brady Corp will post 2.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were issued a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, July 9th. Brady’s dividend payout ratio is 41.67%.
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 IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.
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