Leuthold Group LLC Takes $3.39 Million Position in Brady Co. (NYSE:BRC)

Leuthold Group LLC bought a new stake in Brady Co. (NYSE:BRC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 57,764 shares of the industrial products company's stock, valued at approximately $3,390,000. Leuthold Group LLC owned about 0.12% of Brady as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its position in shares of 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 acquiring an additional 429 shares during the last quarter. NBC Securities Inc. purchased a new stake in Brady in the third quarter valued at $164,000. Koshinski Asset Management Inc. acquired a new position in Brady in the fourth quarter valued at about $208,000. Fox Run Management L.L.C. acquired a new stake in shares of Brady during the third quarter valued at about $209,000. Finally, Ifrah Financial Services Inc. purchased a new stake in shares of Brady in the 3rd quarter valued at approximately $213,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Brady news, Director Nancy Lee Gioia sold 4,250 shares of the company'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 sale, the director now owns 11,551 shares of the company's stock, valued at $683,819.20. 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 business'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 completion of the transaction, the director now directly owns 11,551 shares of the company's stock, valued at $683,819.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth P. Bruno sold 8,322 shares of the business's stock in a transaction dated 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 approximately $19,124,886.69. The disclosure for this sale can be found here. In the last three months, insiders sold 39,017 shares of company stock worth $2,283,667. Company insiders own 15.60% of the company's stock.

Brady Stock Performance

NYSE:BRC traded up $0.22 during trading hours on Tuesday, reaching $60.79. 147,396 shares of the company's stock were exchanged, compared to its average volume of 338,028. 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 firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 2.12 and a beta of 0.76. Brady Co. has a 1-year low of $46.77 and a 1-year high of $63.02. The company has a 50-day moving average of $58.75 and a 200 day moving average of $58.00.

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

Brady Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were issued a $0.235 dividend. The ex-dividend date was Monday, April 8th. This represents a $0.94 dividend on an annualized basis and a yield of 1.55%. Brady's dividend payout ratio (DPR) is presently 24.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Brady from a "strong-buy" rating to a "buy" rating in a report on Monday, February 26th.

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.