Brady Corp (BRC) Shares Sold by Invictus RG

Invictus RG lessened its stake in Brady Corp (NYSE:BRC) by 23.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,849 shares of the industrial products company’s stock after selling 2,958 shares during the quarter. Invictus RG’s holdings in Brady were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Hartford Investment Management Co. purchased a new position in Brady in the third quarter valued at approximately $204,000. Bowling Portfolio Management LLC acquired a new stake in shares of Brady during the fourth quarter worth approximately $276,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Brady during the third quarter worth approximately $349,000. Quadrature Capital Ltd acquired a new stake in shares of Brady during the fourth quarter worth approximately $416,000. Finally, Trexquant Investment LP boosted its holdings in Brady by 31.8% in the third quarter. Trexquant Investment LP now owns 11,600 shares of the industrial products company’s stock worth $440,000 after purchasing an additional 2,800 shares during the period. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Brady Corp (NYSE BRC) traded up $0.10 on Wednesday, reaching $38.15. The company had a trading volume of 167,560 shares, compared to its average volume of 177,971. Brady Corp has a 12-month low of $31.70 and a 12-month high of $40.25. The firm has a market cap of $1,970.08, a price-to-earnings ratio of 25.78, a P/E/G ratio of 2.57 and a beta of 1.12. The company has a current ratio of 2.41, a quick ratio of 1.75 and a debt-to-equity ratio of 0.10.

Brady (NYSE:BRC) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Brady had a return on equity of 14.10% and a net margin of 6.82%. The company had revenue of $287.78 million during the quarter, compared to analyst estimates of $277.17 million. During the same period in the previous year, the company earned $0.40 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. research analysts expect that Brady Corp will post 1.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 9th will be issued a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, April 6th. Brady’s payout ratio is presently 56.08%.

Several brokerages have recently issued reports on BRC. Zacks Investment Research raised shares of Brady from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Tuesday, February 27th. Bank of America upgraded shares of Brady from an “underperform” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Tuesday, January 2nd. Finally, SunTrust Banks reiterated a “hold” rating and issued a $39.00 price target on shares of Brady in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $40.00.

In other news, VP Bentley Curran sold 21,784 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $39.01, for a total transaction of $849,793.84. Following the transaction, the vice president now owns 52,597 shares of the company’s stock, valued at $2,051,808.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.60% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Brady Corp (BRC) Shares Sold by Invictus RG” was first posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at

About Brady

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.

Institutional Ownership by Quarter for Brady (NYSE:BRC)

Receive News & Ratings for Brady Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brady and related companies with's FREE daily email newsletter.

Leave a Reply