Jackson Creek Investment Advisors LLC Takes $959,000 Position in Brady Co. (NYSE:BRC)

Jackson Creek Investment Advisors LLC purchased a new stake in Brady Co. (NYSE:BRC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,342 shares of the industrial products company's stock, valued at approximately $959,000.

Several other large investors also recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its stake in Brady by 293.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 575 shares of the industrial products company's stock worth $34,000 after purchasing an additional 429 shares during the period. NBC Securities Inc. acquired a new position in shares of Brady during the third quarter worth about $164,000. Koshinski Asset Management Inc. bought a new position in shares of Brady during the fourth quarter worth about $208,000. Fox Run Management L.L.C. bought a new position in shares of Brady during the third quarter worth about $209,000. Finally, Ifrah Financial Services Inc. acquired a new stake in Brady in the 3rd quarter valued at approximately $213,000. Institutional investors own 76.28% of the company's stock.

Insider Activity

In other Brady news, Director Elizabeth P. Bruno sold 8,322 shares of the business's stock in a transaction that occurred 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 owns 333,593 shares of the company's stock, valued at $19,124,886.69. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Elizabeth P. Bruno sold 8,322 shares of the 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 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 this hyperlink. Also, Director Nancy Lee Gioia sold 4,250 shares of Brady stock in a transaction on Monday, April 15th. The stock was sold at an average price of $59.20, for a total transaction of $251,600.00. Following the transaction, the director now directly owns 11,551 shares of the company's stock, valued at $683,819.20. The disclosure for this sale can be found here. Insiders sold a total of 39,017 shares of company stock valued at $2,283,667 in the last quarter. Company insiders own 15.60% of the company's stock.

Analyst Ratings Changes

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

Brady Stock Down 1.0 %

Shares of NYSE:BRC traded down $0.58 during midday trading on Tuesday, reaching $59.00. The company had a trading volume of 195,515 shares, compared to its average volume of 349,607. Brady Co. has a 1-year low of $46.77 and a 1-year 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 company has a quick ratio of 1.44, a current ratio of 2.13 and a debt-to-equity ratio of 0.05. The business's 50 day moving average price is $58.79 and its 200 day moving average price is $57.82.

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

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis 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.