Brady Corp (BRC) Holdings Boosted by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its position in Brady Corp (NYSE:BRC) by 20.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,909 shares of the industrial products company’s stock after purchasing an additional 26,800 shares during the period. Two Sigma Advisers LP owned about 0.30% of Brady worth $6,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in BRC. PNC Financial Services Group Inc. lifted its holdings in Brady by 44.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,595 shares of the industrial products company’s stock valued at $113,000 after buying an additional 793 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Brady by 45.1% in the 4th quarter. Advisor Group Inc. now owns 2,717 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 845 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Brady in the 3rd quarter valued at about $128,000. Ibex Investors LLC bought a new stake in shares of Brady in the 3rd quarter valued at about $203,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Brady in the 3rd quarter valued at about $257,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Shares of Brady stock traded down $0.62 on Friday, reaching $48.82. The stock had a trading volume of 202,395 shares, compared to its average volume of 194,716. The company has a quick ratio of 2.34, a current ratio of 3.06 and a debt-to-equity ratio of 0.06. Brady Corp has a 1 year low of $35.95 and a 1 year high of $49.80. The company has a market cap of $2.57 billion, a P/E ratio of 23.93, a PEG ratio of 2.81 and a beta of 0.98.

Brady (NYSE:BRC) last released its earnings results on Thursday, February 21st. The industrial products company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $282.40 million for the quarter, compared to the consensus estimate of $285.50 million. Brady had a net margin of 10.31% and a return on equity of 15.17%. Brady’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. As a group, equities research analysts forecast that Brady Corp will post 2.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Monday, April 8th. Brady’s dividend payout ratio is presently 41.67%.

In other Brady news, Director Elizabeth P. Bruno sold 8,400 shares of Brady stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $47.65, for a total transaction of $400,260.00. Following the completion of the sale, the director now directly owns 370,532 shares in the company, valued at approximately $17,655,849.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO J Michael Nauman sold 18,671 shares of Brady stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $47.16, for a total transaction of $880,524.36. Following the sale, the chief executive officer now owns 105,638 shares of the company’s stock, valued at $4,981,888.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,291 shares of company stock worth $4,707,651. 15.60% of the stock is owned by insiders.

Several equities research analysts have recently commented on BRC shares. Northcoast Research restated a “buy” rating on shares of Brady in a report on Wednesday, February 13th. Zacks Investment Research upgraded shares of Brady from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Thursday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $46.00.

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Brady Company Profile

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, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems 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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