Brady Co. (NYSE:BRC) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its stake in Brady Co. (NYSE:BRC) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,561 shares of the industrial products company’s stock after selling 301 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Brady were worth $1,148,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised its stake in shares of Brady by 69.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 388,453 shares of the industrial products company’s stock worth $22,743,000 after buying an additional 158,780 shares during the period. Boston Partners purchased a new position in Brady during the third quarter valued at $975,000. Assenagon Asset Management S.A. grew its position in shares of Brady by 2,366.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 825,563 shares of the industrial products company’s stock valued at $48,452,000 after purchasing an additional 792,094 shares during the period. Graham Capital Management L.P. increased its stake in shares of Brady by 722.3% during the third quarter. Graham Capital Management L.P. now owns 54,451 shares of the industrial products company’s stock worth $2,990,000 after purchasing an additional 47,829 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in Brady by 85.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 48,966 shares of the industrial products company’s stock valued at $2,689,000 after buying an additional 22,529 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Stock Up 0.0 %

BRC stock opened at $58.66 on Tuesday. The company has a current ratio of 2.13, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $59.02 and a two-hundred day moving average of $57.68. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 2.09 and a beta of 0.77. Brady Co. has a 12 month low of $46.77 and a 12 month high of $63.02.

Brady (NYSE:BRC) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. Brady had a return on equity of 19.24% and a net margin of 14.08%. The firm had revenue of $322.60 million for the quarter, compared to the consensus estimate of $339.61 million. During the same quarter last year, the business posted $0.81 earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year. As a group, analysts forecast that Brady Co. will post 4 earnings per share for the current fiscal year.

Brady Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Monday, April 8th. Brady’s dividend payout ratio (DPR) is presently 24.54%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com cut Brady from a “strong-buy” rating to a “buy” rating in a report on Monday, February 26th. Bank of America upgraded Brady from an “underperform” rating to a “buy” rating and raised their price objective for the company from $51.00 to $65.00 in a report on Tuesday, January 2nd.

Insider Buying and Selling at Brady

In other news, Director Elizabeth P. Bruno sold 2,415 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $60.01, for a total transaction of $144,924.15. Following the completion of the sale, the director now owns 326,178 shares in the company, valued at approximately $19,573,941.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Elizabeth P. Bruno sold 2,415 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $60.01, for a total transaction of $144,924.15. Following the completion of the transaction, the director now directly owns 326,178 shares in the company, valued at approximately $19,573,941.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Elizabeth P. Bruno sold 8,322 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $57.33, for a total value of $477,100.26. Following the sale, the director now directly owns 333,593 shares of the company’s stock, valued at $19,124,886.69. The disclosure for this sale can be found here. Insiders have sold 39,017 shares of company stock worth $2,283,667 in the last ninety days. 15.60% of the stock is owned by insiders.

Brady Profile

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 company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.