Parametrica Management Ltd acquired a new stake in Brady Corporation (NYSE:BRC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,234 shares of the industrial products company’s stock, valued at approximately $426,000.
Several other large investors also recently bought and sold shares of the company. Eaton Vance Management lifted its stake in shares of Brady Corporation by 0.3% in the 2nd quarter. Eaton Vance Management now owns 11,521 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 32 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Brady Corporation by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 24,915 shares of the industrial products company’s stock valued at $845,000 after purchasing an additional 100 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Brady Corporation by 0.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 43,814 shares of the industrial products company’s stock valued at $1,485,000 after purchasing an additional 138 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Brady Corporation by 1.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,640 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 240 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of Brady Corporation by 5.0% in the 2nd quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 305 shares during the last quarter. 75.59% of the stock is owned by institutional investors and hedge funds.
In other Brady Corporation news, Director Elizabeth P. Bruno sold 24,000 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $36.75, for a total transaction of $882,000.00. Following the transaction, the director now directly owns 371,509 shares in the company, valued at $13,652,955.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 15.60% of the company’s stock.
Shares of Brady Corporation (BRC) traded up 0.26% during midday trading on Wednesday, hitting $38.15. The company had a trading volume of 8,761 shares. The company has a 50-day moving average of $37.85 and a 200-day moving average of $35.96. Brady Corporation has a 12 month low of $31.70 and a 12 month high of $40.50. The company has a market capitalization of $1.96 billion, a PE ratio of 20.90 and a beta of 1.13.
Brady Corporation (NYSE:BRC) last issued its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $289.20 million during the quarter, compared to analyst estimates of $280.47 million. Brady Corporation had a return on equity of 13.93% and a net margin of 8.59%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. Analysts predict that Brady Corporation will post $1.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 10th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 8.73%. This is a positive change from Brady Corporation’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 6th. Brady Corporation’s dividend payout ratio is presently 45.11%.
Several equities research analysts have recently issued reports on BRC shares. Zacks Investment Research lowered Brady Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Robert W. Baird set a $36.00 price objective on Brady Corporation and gave the company a “hold” rating in a research note on Thursday, August 24th. Bank of America Corporation raised their price objective on Brady Corporation from $33.00 to $34.00 and gave the company an “underperform” rating in a research note on Friday, September 8th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $38.00 price objective on shares of Brady Corporation in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.25.
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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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