Bessemer Group Inc. Has $1.51 Million Stake in Brady Corp (BRC)
Bessemer Group Inc. decreased its stake in Brady Corp (NYSE:BRC) by 8.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,800 shares of the industrial products company’s stock after selling 3,700 shares during the quarter. Bessemer Group Inc.’s holdings in Brady were worth $1,508,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Hartford Investment Management Co. purchased a new stake in shares of Brady in the third quarter worth about $204,000. Amalgamated Bank boosted its position in shares of Brady by 5.0% in the second quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock worth $217,000 after buying an additional 305 shares during the period. Bowling Portfolio Management LLC purchased a new stake in shares of Brady in the fourth quarter worth about $276,000. Cubist Systematic Strategies LLC boosted its position in shares of Brady by 54.8% in the second quarter. Cubist Systematic Strategies LLC now owns 7,316 shares of the industrial products company’s stock worth $248,000 after buying an additional 2,591 shares during the period. Finally, Suntrust Banks Inc. boosted its position in shares of Brady by 7.2% in the second quarter. Suntrust Banks Inc. now owns 8,504 shares of the industrial products company’s stock worth $288,000 after buying an additional 571 shares during the period. 77.08% of the stock is owned by institutional investors.
In related news, VP Thomas J. Felmer sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total value of $390,000.00. Following the transaction, the vice president now owns 78,474 shares in the company, valued at $3,060,486. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Bentley Curran sold 21,784 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $39.01, for a total value of $849,793.84. Following the completion of the transaction, the vice president now owns 52,597 shares in the company, valued at approximately $2,051,808.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,813 shares of company stock worth $2,336,542. Insiders own 15.60% of the company’s stock.
Brady Corp (BRC) opened at $36.20 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 2.19 and a debt-to-equity ratio of 0.13. Brady Corp has a one year low of $31.70 and a one year high of $40.50. The company has a market capitalization of $1,870.00, a PE ratio of 19.26, a P/E/G ratio of 2.59 and a beta of 1.15.
Brady (NYSE:BRC) last released its quarterly earnings results on Thursday, November 16th. The industrial products company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Brady had a return on equity of 13.90% and a net margin of 8.81%. The business had revenue of $290.15 million for the quarter, compared to analysts’ expectations of $286.75 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. analysts forecast that Brady Corp will post 1.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were paid a $0.2075 dividend. This represents a $0.83 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, January 9th. Brady’s dividend payout ratio (DPR) is 44.15%.
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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.
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