O Shares Investment Advisers LLC Decreases Stake in Brady Corp (NYSE:BRC)

O Shares Investment Advisers LLC trimmed its stake in shares of Brady Corp (NYSE:BRC) by 10.3% in the 1st quarter, Holdings Channel reports. The firm owned 10,857 shares of the industrial products company’s stock after selling 1,249 shares during the period. O Shares Investment Advisers LLC’s holdings in Brady were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BRC. Bank of Montreal Can raised its holdings in shares of Brady by 11.1% during the fourth quarter. Bank of Montreal Can now owns 9,535 shares of the industrial products company’s stock valued at $415,000 after purchasing an additional 955 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of Brady by 31.3% during the fourth quarter. Xact Kapitalforvaltning AB now owns 13,009 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 3,100 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Brady by 21.6% during the fourth quarter. Rhumbline Advisers now owns 145,432 shares of the industrial products company’s stock valued at $6,320,000 after purchasing an additional 25,847 shares during the last quarter. Dupont Capital Management Corp purchased a new position in shares of Brady during the fourth quarter valued at approximately $993,000. Finally, TD Asset Management Inc. raised its holdings in shares of Brady by 63.9% during the fourth quarter. TD Asset Management Inc. now owns 189,378 shares of the industrial products company’s stock valued at $8,230,000 after purchasing an additional 73,800 shares during the last quarter. 80.64% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on BRC shares. Zacks Investment Research raised shares of Brady from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Thursday, February 14th. Northcoast Research restated a “buy” rating on shares of Brady in a research report on Wednesday, February 13th. Finally, ValuEngine lowered shares of Brady from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.00.



In other Brady news, SVP Louis T. Bolognini sold 7,424 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $47.75, for a total value of $354,496.00. Following the completion of the transaction, the senior vice president now directly owns 34,264 shares in the company, valued at $1,636,106. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO J Michael Nauman sold 18,671 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $47.16, for a total transaction of $880,524.36. Following the completion of the transaction, the chief executive officer now owns 105,638 shares of the company’s stock, valued at $4,981,888.08. The disclosure for this sale can be found here. Insiders have sold 46,583 shares of company stock valued at $2,221,313 over the last 90 days. 15.60% of the stock is currently owned by company insiders.

NYSE BRC traded up $0.75 during trading hours on Wednesday, hitting $48.39. 8,170 shares of the company’s stock traded hands, compared to its average volume of 343,263. The company has a current ratio of 3.03, a quick ratio of 2.36 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 2.64 and a beta of 0.97. Brady Corp has a 52 week low of $36.00 and a 52 week high of $50.12.

Brady (NYSE:BRC) last announced its earnings results on Thursday, May 23rd. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The company had revenue of $289.75 million during the quarter, compared to analyst estimates of $292.66 million. Brady had a net margin of 11.15% and a return on equity of 15.85%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. Sell-side analysts predict that Brady Corp will post 2.4 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a dividend of $0.2125 per share. The ex-dividend date is Tuesday, July 9th. This represents a $0.85 annualized dividend and a yield of 1.76%. Brady’s dividend payout ratio (DPR) is 41.67%.

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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.

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Institutional Ownership by Quarter for Brady (NYSE:BRC)

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