Royce & Associates LP Buys 8,739 Shares of Brady Co. (NYSE:BRC)

Royce & Associates LP lifted its stake in shares of Brady Co. (NYSE:BRCGet Rating) by 38.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,289 shares of the industrial products company’s stock after acquiring an additional 8,739 shares during the quarter. Royce & Associates LP owned about 0.06% of Brady worth $1,448,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Brady by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,394,769 shares of the industrial products company’s stock worth $129,078,000 after acquiring an additional 53,367 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Brady by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 812,146 shares of the industrial products company’s stock worth $43,774,000 after purchasing an additional 47,578 shares during the last quarter. abrdn plc lifted its position in shares of Brady by 57.8% during the 1st quarter. abrdn plc now owns 799,234 shares of the industrial products company’s stock worth $37,820,000 after purchasing an additional 292,657 shares during the last quarter. Ariel Investments LLC lifted its position in shares of Brady by 2.0% during the 4th quarter. Ariel Investments LLC now owns 601,800 shares of the industrial products company’s stock worth $32,437,000 after purchasing an additional 11,578 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Brady by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 492,204 shares of the industrial products company’s stock worth $26,530,000 after purchasing an additional 20,776 shares during the last quarter. Institutional investors own 78.70% of the company’s stock.

Insider Transactions at Brady

In other news, Director Frank W. Harris sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $48.10, for a total value of $48,100.00. Following the completion of the transaction, the director now directly owns 20,441 shares of the company’s stock, valued at approximately $983,212.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Frank W. Harris sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $48.10, for a total value of $48,100.00. Following the completion of the transaction, the director now directly owns 20,441 shares of the company’s stock, valued at approximately $983,212.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth P. Bruno sold 4,250 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $48.32, for a total value of $205,360.00. Following the sale, the director now owns 356,340 shares in the company, valued at $17,218,348.80. The disclosure for this sale can be found here. 15.60% of the stock is currently owned by insiders.

Brady Price Performance

NYSE BRC opened at $46.71 on Friday. Brady Co. has a twelve month low of $41.69 and a twelve month high of $56.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.24 and a current ratio of 1.97. The stock has a market capitalization of $2.35 billion, a PE ratio of 17.76, a P/E/G ratio of 1.95 and a beta of 0.74. The stock has a 50-day simple moving average of $46.74 and a 200 day simple moving average of $46.77.

Brady (NYSE:BRCGet Rating) last posted its quarterly earnings results on Thursday, May 26th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $338.60 million during the quarter, compared to analysts’ expectations of $333.91 million. Brady had a return on equity of 16.38% and a net margin of 10.66%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 EPS. Research analysts anticipate that Brady Co. will post 3.1 EPS for the current year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 8th were issued a $0.225 dividend. The ex-dividend date of this dividend was Thursday, July 7th. This represents a $0.90 annualized dividend and a yield of 1.93%. Brady’s dividend payout ratio (DPR) is 34.22%.

Brady Company Profile

(Get Rating)

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 IDS segment offers safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials, printing systems, RFID and bar code scanners for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.

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Institutional Ownership by Quarter for Brady (NYSE:BRC)

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