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.
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