Brady Co. (NYSE:BRC) Shares Acquired by Paradiem LLC

Paradiem LLC increased its holdings in shares of Brady Co. (NYSE:BRC - Free Report) by 26.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 126,776 shares of the industrial products company's stock after acquiring an additional 26,835 shares during the period. Brady comprises 2.1% of Paradiem LLC's portfolio, making the stock its 21st biggest position. Paradiem LLC owned about 0.26% of Brady worth $7,440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Parkside Financial Bank & Trust raised its position in Brady by 293.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 575 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 429 shares in the last quarter. NBC Securities Inc. bought a new stake in Brady during the 3rd quarter valued at $164,000. Koshinski Asset Management Inc. bought a new stake in Brady during the 4th quarter valued at $208,000. Fox Run Management L.L.C. bought a new stake in Brady during the 3rd quarter valued at $209,000. Finally, Ifrah Financial Services Inc. bought a new stake in Brady during the 3rd quarter valued at $213,000. 76.28% of the stock is owned by institutional investors.

Brady Stock Down 0.8 %

Shares of BRC traded down $0.48 during trading hours on Friday, hitting $59.52. The company had a trading volume of 205,250 shares, compared to its average volume of 291,546. The company has a market capitalization of $2.88 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 2.13 and a beta of 0.77. The company has a current ratio of 2.13, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. Brady Co. has a one year low of $46.77 and a one year high of $63.02. The company's fifty day moving average price is $58.84 and its two-hundred day moving average price is $57.79.

Brady (NYSE:BRC - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.93 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $339.61 million. During the same period in the previous year, the company posted $0.81 EPS. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Brady Co. will post 4 earnings per share for the current fiscal year.

Brady Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $0.94 annualized dividend and a yield of 1.58%. Brady's dividend payout ratio (DPR) is 24.54%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bank of America raised Brady from an "underperform" rating to a "buy" rating and boosted their price target for the stock from $51.00 to $65.00 in a research report on Tuesday, January 2nd. StockNews.com lowered Brady from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 26th.

Insider Buying and Selling

In related news, Director Elizabeth P. Bruno sold 8,322 shares of the business's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $57.33, for a total transaction of $477,100.26. Following the transaction, the director now directly owns 333,593 shares in the company, valued at approximately $19,124,886.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Brady news, Director Elizabeth P. Bruno sold 8,322 shares of the business'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 owns 333,593 shares in the company, valued at approximately $19,124,886.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth P. Bruno sold 5,000 shares of the business's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $59.70, for a total value of $298,500.00. Following the sale, the director now owns 328,593 shares in the company, valued at approximately $19,617,002.10. The disclosure for this sale can be found here. Insiders have sold a total of 39,017 shares of company stock worth $2,283,667 in the last ninety days. 15.60% of the stock is owned by insiders.

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.