Dean Capital Management bought a new position in shares of Brady Corp (NYSE:BRC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 69,460 shares of the industrial products company’s stock, valued at approximately $2,633,000. Dean Capital Management owned 0.13% of Brady at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hartford Investment Management Co. bought a new stake in Brady during the 3rd quarter valued at $204,000. Meadow Creek Investment Management LLC boosted its holdings in shares of Brady by 25.3% in the 4th quarter. Meadow Creek Investment Management LLC now owns 6,664 shares of the industrial products company’s stock worth $253,000 after buying an additional 1,344 shares during the last quarter. Bowling Portfolio Management LLC purchased a new position in shares of Brady in the 4th quarter worth about $276,000. Crossmark Global Holdings Inc. purchased a new position in shares of Brady in the 3rd quarter worth about $349,000. Finally, Quadrature Capital Ltd purchased a new stake in Brady during the fourth quarter valued at about $416,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.
A number of equities research analysts have recently issued reports on BRC shares. Bank of America raised shares of Brady from an “underperform” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, January 2nd. Zacks Investment Research raised Brady from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.00.
Brady stock traded down $0.15 during midday trading on Thursday, reaching $38.25. The company had a trading volume of 37,649 shares, compared to its average volume of 184,948. Brady Corp has a one year low of $31.70 and a one year high of $40.25. The stock has a market cap of $1,990.79, a PE ratio of 25.95, a PEG ratio of 2.61 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 data on Thursday, February 22nd. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $287.78 million during the quarter, compared to analysts’ expectations of $277.17 million. Brady had a return on equity of 14.10% and a net margin of 6.82%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 EPS. sell-side analysts predict that Brady Corp will post 1.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 9th will be given a dividend of $0.2075 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $0.83 dividend on an annualized basis and a yield of 2.17%. Brady’s dividend payout ratio is currently 56.08%.
In other Brady news, VP Bentley Curran sold 20,000 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $39.00, for a total transaction of $780,000.00. Following the completion of the sale, the vice president now owns 52,597 shares of the company’s stock, valued at $2,051,283. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 15.60% of the company’s stock.
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Brady 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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