Allspring Global Investments Holdings LLC Sells 195 Shares of Brady Co. (NYSE:BRC)

Allspring Global Investments Holdings LLC lessened its stake in shares of Brady Co. (NYSE:BRC) by 0.1% during the fourth quarter, Holdings Channel reports. The fund owned 320,652 shares of the industrial products company’s stock after selling 195 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Brady were worth $18,819,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp increased its holdings in shares of Brady by 8.2% during the third quarter. State Street Corp now owns 5,373,289 shares of the industrial products company’s stock valued at $224,227,000 after acquiring an additional 409,452 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Brady by 0.3% during the first quarter. Vanguard Group Inc. now owns 5,332,099 shares of the industrial products company’s stock valued at $246,716,000 after buying an additional 17,763 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Brady by 8.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,009,621 shares of the industrial products company’s stock worth $94,934,000 after acquiring an additional 148,426 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Brady by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,418,747 shares of the industrial products company’s stock worth $76,227,000 after acquiring an additional 8,992 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in Brady by 18.9% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,252,062 shares of the industrial products company’s stock valued at $68,763,000 after purchasing an additional 198,805 shares during the last quarter. 76.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

BRC has been the topic of several analyst reports. StockNews.com cut Brady from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 26th. Bank of America raised shares of Brady from an “underperform” rating to a “buy” rating and raised their price target for the company from $51.00 to $65.00 in a research report on Tuesday, January 2nd.

Brady Stock Performance

NYSE:BRC opened at $58.91 on Monday. Brady Co. has a 52-week low of $46.77 and a 52-week high of $63.02. The business’s fifty day moving average is $59.36 and its 200 day moving average is $57.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.13. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 2.10 and a beta of 0.77.

Brady (NYSE:BRC) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. Brady had a net margin of 14.08% and a return on equity of 19.24%. The business had revenue of $322.60 million for the quarter, compared to the consensus estimate of $339.61 million. During the same period last year, the firm posted $0.81 earnings per share. Brady’s quarterly revenue was down 1.1% on a year-over-year basis. Research analysts predict that Brady Co. will post 4 EPS for the current year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Monday, April 8th. Brady’s dividend payout ratio (DPR) is currently 24.54%.

Insider Transactions at Brady

In related news, Director Elizabeth P. Bruno sold 8,322 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $57.33, for a total transaction of $477,100.26. Following the transaction, the director now directly owns 333,593 shares of the company’s stock, valued at approximately $19,124,886.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Elizabeth P. Bruno sold 8,322 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $57.33, for a total transaction of $477,100.26. Following the transaction, the director now owns 333,593 shares of the company’s stock, valued at approximately $19,124,886.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Elizabeth P. Bruno sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $59.70, for a total transaction of $298,500.00. Following the sale, the director now owns 328,593 shares of the company’s stock, valued at $19,617,002.10. The disclosure for this sale can be found here. In the last three months, insiders sold 34,767 shares of company stock worth $2,032,067. 15.60% of the stock is currently owned by corporate insiders.

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