Teachers Advisors LLC lifted its stake in shares of Brady Corporation (NYSE:BRC) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,216 shares of the industrial products company’s stock after purchasing an additional 6,577 shares during the quarter. Teachers Advisors LLC owned about 0.16% of Brady Corporation worth $2,855,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Brady Corporation by 84,523.4% during the 1st quarter. BlackRock Inc. now owns 5,658,766 shares of the industrial products company’s stock worth $218,711,000 after purchasing an additional 5,652,079 shares during the period. Vanguard Group Inc. grew its stake in Brady Corporation by 14.3% in the 1st quarter. Vanguard Group Inc. now owns 5,320,613 shares of the industrial products company’s stock valued at $205,641,000 after acquiring an additional 666,642 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Brady Corporation by 10.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,629,633 shares of the industrial products company’s stock valued at $123,045,000 after acquiring an additional 345,775 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Brady Corporation by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,698,424 shares of the industrial products company’s stock valued at $65,643,000 after acquiring an additional 27,393 shares during the last quarter. Finally, State Street Corp grew its stake in Brady Corporation by 7.0% in the 1st quarter. State Street Corp now owns 1,121,048 shares of the industrial products company’s stock valued at $43,327,000 after acquiring an additional 73,113 shares during the last quarter. 75.55% of the stock is currently owned by institutional investors and hedge funds.
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In other Brady Corporation news, Director Elizabeth P. Bruno sold 24,000 shares of Brady Corporation stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $36.75, for a total transaction of $882,000.00. Following the transaction, the director now directly owns 371,509 shares of the company’s stock, valued at approximately $13,652,955.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.60% of the stock is currently owned by insiders.
Brady Corporation (NYSE:BRC) opened at 38.40 on Friday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 21.04 and a beta of 1.13. The company has a 50-day moving average of $37.52 and a 200 day moving average of $35.94. Brady Corporation has a 12-month low of $31.70 and a 12-month high of $40.50.
Brady Corporation (NYSE:BRC) last issued its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $289.20 million for the quarter, compared to analyst estimates of $280.47 million. Brady Corporation had a return on equity of 13.93% and a net margin of 8.59%. Brady Corporation’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. Equities analysts anticipate that Brady Corporation will post $1.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.83 per share. The ex-dividend date is Friday, October 6th. This is an increase from Brady Corporation’s previous quarterly dividend of $0.21. This represents a $3.32 annualized dividend and a yield of 8.65%. Brady Corporation’s payout ratio is presently 45.11%.
BRC has been the topic of a number of research reports. Zacks Investment Research cut shares of Brady Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Robert W. Baird set a $36.00 price target on shares of Brady Corporation and gave the stock a “hold” rating in a research note on Thursday, August 24th. Finally, Bank of America Corporation raised their price target on shares of Brady Corporation from $33.00 to $34.00 and gave the stock an “underperform” rating in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Brady Corporation presently has a consensus rating of “Hold” and a consensus price target of $38.33.
Brady Corporation 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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