Brady Corporation (NYSE:BRC) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Brady Corporation (NYSE:BRC) by 0.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,098 shares of the industrial products company’s stock after selling 4 shares during the period. Amalgamated Bank’s holdings in Brady Corporation were worth $236,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BRC. Ameritas Investment Partners Inc. acquired a new stake in shares of Brady Corporation during the first quarter valued at $153,000. State of Alaska Department of Revenue boosted its stake in shares of Brady Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 5,260 shares of the industrial products company’s stock valued at $203,000 after buying an additional 120 shares during the period. Oarsman Capital Inc. acquired a new stake in shares of Brady Corporation during the first quarter valued at $264,000. Suntrust Banks Inc. boosted its stake in shares of Brady Corporation by 1.6% in the first quarter. Suntrust Banks Inc. now owns 7,933 shares of the industrial products company’s stock valued at $306,000 after buying an additional 128 shares during the period. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Brady Corporation during the first quarter valued at $322,000. Institutional investors own 74.88% of the company’s stock.

Brady Corporation (BRC) traded up 2.35% during trading on Friday, reaching $32.70. 695,677 shares of the company’s stock traded hands. The company’s 50 day moving average is $33.20 and its 200-day moving average is $36.54. Brady Corporation has a 52-week low of $31.70 and a 52-week high of $40.50. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 17.68 and a beta of 1.12.

Brady Corporation (NYSE:BRC) last issued its quarterly earnings results on Thursday, May 25th. The industrial products company reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. Brady Corporation had a net margin of 8.64% and a return on equity of 14.44%. The business had revenue of $275.90 million for the quarter, compared to analysts’ expectations of $279.39 million. During the same period last year, the business earned $0.42 earnings per share. The business’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts anticipate that Brady Corporation will post $1.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 10th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, July 6th. Brady Corporation’s dividend payout ratio is 44.32%.

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Several brokerages have weighed in on BRC. Zacks Investment Research cut shares of Brady Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub cut shares of Brady Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.75.

Brady Corporation Company Profile

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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