Principal Financial Group Inc. lowered its position in shares of Brady Co. (NYSE:BRC – Get Rating) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 285,248 shares of the industrial products company’s stock after selling 3,880 shares during the quarter. Principal Financial Group Inc. owned about 0.57% of Brady worth $13,435,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in Brady by 67.7% during the third quarter. Quadrant Capital Group LLC now owns 743 shares of the industrial products company’s stock valued at $31,000 after buying an additional 300 shares in the last quarter. CWM LLC raised its stake in Brady by 5.1% during the fourth quarter. CWM LLC now owns 26,804 shares of the industrial products company’s stock valued at $1,262,000 after buying an additional 1,307 shares in the last quarter. Legato Capital Management LLC acquired a new stake in Brady during the fourth quarter valued at approximately $2,262,000. MetLife Investment Management LLC raised its stake in Brady by 3.2% during the third quarter. MetLife Investment Management LLC now owns 24,733 shares of the industrial products company’s stock valued at $1,032,000 after buying an additional 759 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Brady by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 17,481 shares of the industrial products company’s stock valued at $823,000 after buying an additional 2,319 shares in the last quarter. Institutional investors and hedge funds own 77.57% of the company’s stock.
Insider Buying and Selling
In related news, Director Elizabeth P. Bruno sold 8,500 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $54.02, for a total value of $459,170.00. Following the completion of the transaction, the director now directly owns 359,019 shares of the company’s stock, valued at approximately $19,394,206.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 15.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on Brady in a research note on Thursday, May 18th. They set a “buy” rating on the stock.
Brady Stock Down 0.3 %
Shares of Brady stock opened at $49.28 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.41 and a debt-to-equity ratio of 0.05. The business’s 50 day simple moving average is $51.64 and its 200-day simple moving average is $50.60. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.04 and a beta of 0.79. Brady Co. has a twelve month low of $40.52 and a twelve month high of $56.35.
Brady (NYSE:BRC – Get Rating) last announced its quarterly earnings results on Friday, February 24th. The industrial products company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The business had revenue of $326.20 million for the quarter, compared to analysts’ expectations of $319.39 million. Brady had a return on equity of 18.40% and a net margin of 12.71%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. Equities research analysts forecast that Brady Co. will post 3.45 earnings per share for the current year.
Brady Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 10th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, July 7th. Brady’s dividend payout ratio (DPR) is 27.71%.
Brady Corp. engages in the manufacture and market of specialty materials and identification solutions that determines and protects premises, products, and people. The firm operates through the Identification Solutions (IDS) and Workplace Safety (WPS) segments. The IDS segment offers industrial and healthcare identification products.