Quadrant Capital Group LLC Has $42,000 Stake in Brady Corp (BRC)

Quadrant Capital Group LLC lifted its position in Brady Corp (NYSE:BRC) by 107.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 920 shares of the industrial products company’s stock after acquiring an additional 477 shares during the quarter. Quadrant Capital Group LLC’s holdings in Brady were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its position in Brady by 24.1% during the 1st quarter. Bank of Montreal Can now owns 11,835 shares of the industrial products company’s stock worth $549,000 after purchasing an additional 2,300 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Brady by 165.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,226 shares of the industrial products company’s stock valued at $521,000 after acquiring an additional 6,989 shares during the period. Geode Capital Management LLC lifted its stake in Brady by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 669,646 shares of the industrial products company’s stock valued at $29,102,000 after acquiring an additional 10,883 shares during the period. Norges Bank acquired a new stake in Brady during the 4th quarter valued at approximately $43,189,000. Finally, APG Asset Management N.V. lifted its stake in Brady by 230.0% during the 4th quarter. APG Asset Management N.V. now owns 19,800 shares of the industrial products company’s stock valued at $753,000 after acquiring an additional 13,800 shares during the period. Hedge funds and other institutional investors own 79.64% of the company’s stock.

Shares of NYSE BRC opened at $47.53 on Tuesday. The company has a quick ratio of 2.34, a current ratio of 3.06 and a debt-to-equity ratio of 0.06. Brady Corp has a 12 month low of $36.00 and a 12 month high of $50.12. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.80 and a beta of 0.98.

Brady (NYSE:BRC) last posted its earnings results on Thursday, February 21st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. Brady had a net margin of 10.31% and a return on equity of 15.17%. The firm had revenue of $282.40 million during the quarter, compared to analysts’ expectations of $285.50 million. During the same period in the previous year, the business posted $0.48 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that Brady Corp will post 2.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were paid a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Monday, April 8th. Brady’s dividend payout ratio is currently 41.67%.

In related news, insider Helena Regina Nelligan sold 10,275 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $48.24, for a total value of $495,666.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Bentley Curran sold 21,814 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $47.52, for a total transaction of $1,036,601.28. Following the completion of the transaction, the vice president now owns 39,828 shares of the company’s stock, valued at $1,892,626.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 119,779 shares of company stock valued at $5,693,943. Company insiders own 15.60% of the company’s stock.

BRC has been the subject of several research reports. Zacks Investment Research upgraded shares of Brady from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Thursday, February 14th. Northcoast Research restated a “buy” rating on shares of Brady in a research note on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.00.

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About Brady

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.

Further Reading: What is Put Option Volume?

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Institutional Ownership by Quarter for Brady (NYSE:BRC)

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