Mutual of America Capital Management LLC Sells 201 Shares of Brady Co. (NYSE:BRC)

Mutual of America Capital Management LLC lowered its holdings in shares of Brady Co. (NYSE:BRC) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,846 shares of the industrial products company’s stock after selling 201 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Brady were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. bought a new position in Brady in the 3rd quarter worth $164,000. Fox Run Management L.L.C. bought a new position in Brady in the 3rd quarter worth $209,000. Ifrah Financial Services Inc. bought a new position in Brady in the 3rd quarter worth $213,000. HighTower Advisors LLC bought a new position in Brady in the 3rd quarter worth $255,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in Brady in the 3rd quarter worth $255,000. Institutional investors own 76.28% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BRC shares. Bank of America upgraded shares of Brady from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $65.00 in a report on Tuesday, January 2nd. StockNews.com downgraded shares of Brady from a “strong-buy” rating to a “buy” rating in a report on Monday, February 26th.

Brady Stock Performance

NYSE BRC opened at $59.04 on Wednesday. The stock has a market cap of $2.85 billion, a P/E ratio of 15.42, a PEG ratio of 2.09 and a beta of 0.77. The company’s 50-day simple moving average is $58.98 and its 200 day simple moving average is $57.70. Brady Co. has a twelve month low of $46.77 and a twelve month high of $63.02. The company has a quick ratio of 1.44, a current ratio of 2.13 and a debt-to-equity ratio of 0.05.

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

Brady Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, April 8th. This represents a $0.94 annualized dividend and a yield of 1.59%. Brady’s dividend payout ratio is 24.54%.

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 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.