Alps Advisors Inc. acquired a new position in Brady Corporation (NYSE:BRC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,924 shares of the industrial products company’s stock, valued at approximately $490,000.

Several other large investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its position in Brady Corporation by 1.5% during the third quarter. American Century Companies Inc. now owns 160,826 shares of the industrial products company’s stock valued at $6,103,000 after acquiring an additional 2,352 shares in the last quarter. Nine Chapters Capital Management LLC purchased a new stake in shares of Brady Corporation in the third quarter valued at approximately $478,000. Parametrica Management Ltd purchased a new stake in shares of Brady Corporation in the third quarter valued at approximately $426,000. Victory Capital Management Inc. increased its position in shares of Brady Corporation by 38.5% in the third quarter. Victory Capital Management Inc. now owns 25,952 shares of the industrial products company’s stock valued at $985,000 after buying an additional 7,213 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Brady Corporation in the third quarter valued at approximately $349,000. Hedge funds and other institutional investors own 75.23% of the company’s stock.

A number of brokerages have recently issued reports on BRC. Zacks Investment Research raised Brady Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Wednesday, November 8th. Bank of America Corporation lifted their price target on Brady Corporation from $34.00 to $35.00 and gave the stock an “underperform” rating in a research note on Friday. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $39.00 price target on shares of Brady Corporation in a research note on Friday. Finally, Robert W. Baird set a $36.00 price target on Brady Corporation and gave the stock a “hold” rating in a research note on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Brady Corporation currently has a consensus rating of “Hold” and a consensus price target of $39.20.

Brady Corporation (BRC) opened at $38.75 on Friday. The firm has a market capitalization of $1,991.05, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 2.69 and a beta of 1.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.61 and a current ratio of 2.19. Brady Corporation has a 12 month low of $31.70 and a 12 month high of $40.50.

Brady Corporation (NYSE:BRC) last released its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $290.15 million for the quarter, compared to analyst estimates of $286.75 million. Brady Corporation had a return on equity of 13.90% and a net margin of 8.81%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. equities analysts forecast that Brady Corporation will post 1.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, January 9th. Brady Corporation’s dividend payout ratio (DPR) is currently 43.92%.

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In other Brady Corporation news, Director Elizabeth P. Bruno sold 24,000 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $36.75, for a total transaction of $882,000.00. Following the transaction, the director now owns 371,509 shares of the company’s stock, valued at $13,652,955.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.60% of the company’s stock.

About Brady Corporation

Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.

Institutional Ownership by Quarter for Brady Corporation (NYSE:BRC)

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