Brady Co. (NYSE:BRC) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Brady Co. (NYSE:BRCGet Rating) by 0.8% during the second quarter, Holdings Channel.com reports. The firm owned 113,300 shares of the industrial products company’s stock after selling 900 shares during the quarter. Swiss National Bank’s holdings in Brady were worth $5,352,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BRC. Quent Capital LLC acquired a new stake in shares of Brady during the 2nd quarter worth about $25,000. Lazard Asset Management LLC raised its position in shares of Brady by 14.4% during the 1st quarter. Lazard Asset Management LLC now owns 2,232 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 281 shares in the last quarter. Point72 Hong Kong Ltd raised its position in shares of Brady by 740.0% during the 1st quarter. Point72 Hong Kong Ltd now owns 2,814 shares of the industrial products company’s stock worth $130,000 after acquiring an additional 2,479 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Brady by 55.8% during the 1st quarter. Captrust Financial Advisors now owns 3,372 shares of the industrial products company’s stock worth $156,000 after acquiring an additional 1,208 shares in the last quarter. Finally, KBC Group NV acquired a new stake in shares of Brady during the 2nd quarter worth about $196,000. Institutional investors and hedge funds own 78.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America cut their target price on Brady from $48.00 to $44.00 in a research report on Thursday, October 13th. StockNews.com started coverage on Brady in a research note on Wednesday, October 12th. They set a “buy” rating on the stock.

Brady Trading Up 0.3 %

NYSE:BRC opened at $48.31 on Friday. The stock’s 50 day moving average price is $44.67 and its 200 day moving average price is $45.93. The company has a market capitalization of $2.41 billion, a PE ratio of 15.94, a P/E/G ratio of 2.09 and a beta of 0.78. The company has a quick ratio of 1.26, a current ratio of 2.07 and a debt-to-equity ratio of 0.11. Brady Co. has a 52-week low of $40.52 and a 52-week high of $55.45.

Brady (NYSE:BRCGet Rating) last released its quarterly earnings results on Thursday, September 1st. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The firm had revenue of $324.00 million for the quarter, compared to the consensus estimate of $331.11 million. Brady had a return on equity of 18.03% and a net margin of 11.85%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS. On average, research analysts anticipate that Brady Co. will post 3.3 EPS for the current year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 10th will be paid a $0.23 dividend. The ex-dividend date is Monday, January 9th. This represents a $0.92 annualized dividend and a dividend yield of 1.90%. Brady’s dividend payout ratio (DPR) is currently 30.36%.

About Brady

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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. It operates through two segments, IDS and WPS. The IDS segment 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.

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Institutional Ownership by Quarter for Brady (NYSE:BRC)

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