Koshinski Asset Management Inc. Invests $208,000 in Brady Co. (NYSE:BRC)

Koshinski Asset Management Inc. acquired a new position in shares of Brady Co. (NYSE:BRC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,553 shares of the industrial products company’s stock, valued at approximately $208,000.

Other institutional investors have also modified their holdings of the company. Advisory Services Network LLC purchased a new stake in Brady in the first quarter valued at $28,000. US Bancorp DE lifted its position in Brady by 34.5% in the second quarter. US Bancorp DE now owns 775 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 199 shares during the last quarter. Quarry LP purchased a new stake in Brady in the second quarter valued at $71,000. Belpointe Asset Management LLC lifted its position in Brady by 27.1% in the first quarter. Belpointe Asset Management LLC now owns 1,456 shares of the industrial products company’s stock valued at $78,000 after acquiring an additional 310 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Brady by 14.4% in the first quarter. Lazard Asset Management LLC now owns 2,232 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 281 shares during the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Price Performance

Shares of NYSE:BRC opened at $58.82 on Wednesday. The company has a 50-day simple moving average of $59.27 and a 200-day simple moving average of $57.58. Brady Co. has a one year low of $46.77 and a one year high of $63.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.13. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.10 and a beta of 0.77.

Brady (NYSE:BRC) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $339.61 million. During the same period in the prior year, the company earned $0.81 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that Brady Co. will post 4 EPS for the current year.

Brady Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be issued a $0.235 dividend. The ex-dividend date is Monday, April 8th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.60%. Brady’s payout ratio is 24.54%.

Insider Activity

In other news, Director Elizabeth P. Bruno sold 19,030 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $58.41, for a total transaction of $1,111,542.30. Following the transaction, the director now directly owns 342,115 shares in the company, valued at $19,982,937.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Brady news, Director Nancy Lee Gioia sold 4,250 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were 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 in the company, valued at $683,819.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Elizabeth P. Bruno sold 19,030 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $58.41, for a total transaction of $1,111,542.30. Following the transaction, the director now owns 342,115 shares in the company, valued at $19,982,937.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,017 shares of company stock valued at $2,283,667. Insiders own 15.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BRC shares. Bank of America raised shares of Brady from an “underperform” rating to a “buy” rating and boosted their price target for the company from $51.00 to $65.00 in a research report on Tuesday, January 2nd. StockNews.com cut shares of Brady from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 26th.

Brady Company 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.