Jackson Creek Investment Advisors LLC Buys New Position in Brady Co. (NYSE:BRC)

Jackson Creek Investment Advisors LLC bought a new stake in shares of Brady Co. (NYSE:BRC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,342 shares of the industrial products company’s stock, valued at approximately $959,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BRC. SG Americas Securities LLC purchased a new stake in Brady in the third quarter worth $1,337,000. Exchange Traded Concepts LLC grew its stake in Brady by 960.2% in the third quarter. Exchange Traded Concepts LLC now owns 11,800 shares of the industrial products company’s stock worth $648,000 after purchasing an additional 10,687 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in Brady by 104.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 174,264 shares of the industrial products company’s stock worth $9,571,000 after purchasing an additional 89,073 shares during the period. GW Henssler & Associates Ltd. purchased a new stake in Brady in the third quarter worth $255,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Brady by 19.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,033 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 1,321 shares during the period. Institutional investors own 76.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com cut Brady from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 26th. Bank of America raised Brady from an “underperform” rating to a “buy” rating and increased their target price for the stock from $51.00 to $65.00 in a research note on Tuesday, January 2nd.

Insider Activity

In other news, Director Elizabeth P. Bruno sold 8,322 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $57.33, for a total transaction of $477,100.26. Following the completion of the transaction, the director now directly owns 333,593 shares of the company’s stock, valued at $19,124,886.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Nancy Lee Gioia sold 4,250 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $59.20, for a total value of $251,600.00. Following the transaction, the director now directly owns 11,551 shares in the company, valued at approximately $683,819.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Elizabeth P. Bruno sold 8,322 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $57.33, for a total value of $477,100.26. Following the completion of the transaction, the director now owns 333,593 shares in the company, valued at $19,124,886.69. The disclosure for this sale can be found here. Insiders have sold a total of 39,017 shares of company stock valued at $2,283,667 in the last 90 days. 15.60% of the stock is currently owned by insiders.

Brady Stock Down 1.0 %

Shares of NYSE BRC traded down $0.57 during trading on Tuesday, reaching $59.00. The company had a trading volume of 187,615 shares, compared to its average volume of 349,607. Brady Co. has a 12-month low of $46.77 and a 12-month high of $63.02. The stock has a market cap of $2.85 billion, a PE ratio of 15.40, a P/E/G ratio of 2.13 and a beta of 0.77. The business’s 50-day moving average is $58.79 and its 200 day moving average is $57.82. 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 released its earnings results 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 analysts’ expectations of $339.61 million. During the same period in the prior year, the firm posted $0.81 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, equities analysts forecast that Brady Co. will post 4 earnings per share for the current fiscal year.

Brady Dividend Announcement

The business 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 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Monday, April 8th. Brady’s dividend payout ratio is currently 24.54%.

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.